Scary news? Business Travel Prices Will Rise Next Year

Travel prices will rise? Guess that’s no surprise.

American Express is predicting business travel and entertainment costs will rise in 2003 by 2 to 3 percent. This follows efforts by travel suppliers to adjust pricing to lackluster travel demands over the past 18 months, says the company.

The financial company’s study—American Express Trends and Forecasts for the Business Travel Industry -- Preview 2003—suggests hotel room costs will remain flat or fall slightly, since many ve

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