Asia Travel Blog
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Business travel demand to outpace capacity by 2008
The recent survey states that Asia Pacific expects greatest price hikes as economic growth impacts the industry.
The American Express annual Global Business Travel Forecast reports that demand for business travel services will again outweigh supply by 2008, driving continued increases in rates across air, hotel, car rental and corporate meetings and events. While worldwide airfares are expected to continue their climb, hotel rates are projected to experience high double-digit increases in demand-heavy markets across the US, Europe and Asia.
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