Originally published Thursday, November 4, 2010 at 3:12 PM
Hotel rates, airfares to take off in 2011
Americans seem to be traveling again — at least if you go by the increasing demand for airline tickets and improved occupancy at hotels…
Americans seem to be traveling again — at least if you go by the increasing demand for airline tickets and improved occupancy at hotels.
But with higher demand come higher prices.
Travelers who hit the road next year can expect airfares and hotel rates to increase an average of 10 percent, according to a recent forecast by American Express Business Travel.
The only bit of good news in the forecast is that rental-car rates should stay about the same because of heavy competition and a large inventory of rental cars in many destinations.
The forecast is based on price predictions for airline tickets, hotels and car-rental rates for more than 500 cities worldwide.