Airfares hold steady while capacity drops. Meanwhile, prices for domestic hotels and car rentals to decrease.
The 2010 travel forecasts are out. No matter how you slice it, it doesn't look good. Or does it? To give a consultant-friendly answer: It depends.
First, the good news. The National Business Travel Association's (NBTA) 2010 outlook sees price drops for domestic hotels and car rentals, and anticipates airfares holding steady in 2010. It calculates the average airfare at $299, the price of lodging dropping 2 percent to 8 percent and car rentals dipping 1 percent to 3 percent. The association also forecasts an increase in overall business travel for 2010.
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