Air Costs Up, Hotels Flat, Study Says

Travel prices will creep higher in 2003. That's the word from the American Express crystal ball. In late October, the mega travel company issued its “Trends and Forecasts for the Business Travel Industry Preview 2003,” with the overall prediction of a 2 percent to 3 percent rise in travel expenses next year.

The good news is in the hotel sector, where the forecast is for room costs to remain flat or fall slightly in 2003. Amex explains the steady hotel pricing as a result of relativel

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