Florida Trend
Get FREE Business News Updates

NAVIGATION

February 8, 2016

Signs of Inflation

Diane Sears | 1/1/2006
Look for business travel costs to increase this year, industry watchers say. Among the causes: Higher gas prices, higher taxes and increased demand.

Domestically, airline tickets are expected to go up 6%, hotel rates 9% and rental car fees 5%, according to the National Business Travel Association's annual forecast. The report, Business Travel Overview and Cost Forecast 2006, is available for purchase at nbta.org.

A survey by American Express also predicts increases worldwide. Economy fares for short-haul flights will increase 3% to 6%, while international and longer trips will go up 3% to 5%, the company's travel management unit predicts. Hotel rates will increase worldwide 3% to 5% at higher-priced properties and 1% to 3% at those in the midrange category.

Final figures for 2005 aren't available yet, but the Travel Industry Association of America estimates expenditures for combined business and leisure travel nationwide grew
8% last year, topping $645 billion. TIAA predicts business travel spending this year will rise 1.6% domestically, compared with 1% for 2005.

Tags: Dining & Travel, North Central

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

Super Bowl 50's coin is made  in central Florida
Super Bowl 50's coin is made  in central Florida

Watch the process at 1700 degrees as the Highland Mint, located in Melbourne, manufactures the official NFL commemorative flip coin that was used in Super Bowl 50.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Putting your consumer hat on, do you anticipate spending more this year than in 2015?

  • Yes, more.
  • Maybe, am still being cautious
  • No, on consumer goods, am going to spend less

See Results

Ballot Box
Subscribe