Business Air and Hotel Rates Up Sharply in 2006

Airfares and hotel room rates increased substantially in 2006, according to the 2006 Business Travel Monitor, which was released Monday by American Express Business Travel.

In the case of domestic air travel, 2006 marked the first time since 2001 that average airfares paid by corporate travel buyers hadn’t decreased over the year before. By the end of 2006, the average airfare paid had jumped to $231 from $216 in 2005. “Capacity constraints, strong demand, and high fuel costs prompted

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