Business travel costs rebound
Afp, New York
Business travel costs increased in 2006 after several years of flat or declining prices, a survey by American Express showed Monday. The financial firm's Business Travel Monitor showed an increase in prices for airline, hotel and car rental rates, largely due to strong demand and increased operating costs. The most dramatic increases were seen in international airfares, and certain hotel categories, the report found. US domestic airfares rose 15 dollars to an average of 216 dollars in 2006, ending four years of declines, the report said. Meanwhile the average international airfare rose to 1,707 dollars, up 5.8 percent for the year and 12.8 percent over the past two years.
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