further indicate that air fares will increase by up to 5 percent globally for economy
class while business class long-haul fares are expected to increase by 1 percent
to 6 percent. Similarly in North America, ticket prices are expected to rise between
2 percent and 7 percent for economy class travel and by 1 percent to 6 percent for
travel in business class.
The depressed demand levels during the recession of 2009 had resulted in lower prices
business travel industry most notably in the hotel sector which unlike the
airline sector could not reduce capacity in response to lower demand levels. These
low hotel rates are expected to continue all throughout 2010 as various hotel properties
fight to gain back the meetings, conventions and incentive travel business that
they lost during the recession. Analysts predict room rates will fall by 1% to 6%
in North American hotels while upscale properties are expected to offer deeper price
cuts as they try to win back both corporate and leisure travelers.Car rentals rates
however are expected to rise slightly due to rise in prices resulting from the decrease
in capacity in 2009 and the resultant rise in cost of replacing old fleets.
These business travel forecasts for the year 2010 seem to emphasize the fact that
managing business travel is a complex affair which requires companies to fully understand
the rapidly changing dynamics of the industry and supply base and respond to its
trends accordingly. This calls for the use of a preferred travel management company
which can help to effectively control not only travel costs but to also negotiate
the best business
travel deals with suppliers for a company looking to maximize its return
from its business travel investment.
The New York City based travel management company, Fare Buzz is one such company
which constantly has a finger on the pulse of the business travel industry and can easily offer ‘best buy’
strategies for its clients due to the exclusive relationship that is has with several
international airlines as well as more than 100,000 worldwide hotel properties.
Clients aver that by partnering with Fare Buzz they have managed to achieve savings
of nearly 70% as compared to booking with regular channels.
Fare Buzz is a leading supplier of cheap business class flights and through its contracts with
over sixty domestic and international airlines it is able to procure cheap business class air fares to nearly every global destination.
It is worth mentioning that these cheap business class tickets come with all the
perks that are normally associated with regular business class tickets like mileage
accrual and pre-assigned seats. Moreover even if business class fares rise in 2010
as predicted, you need not worry about curtailing or reducing those essential ‘good
for business’ business travel trips for if you decide to partner with Fare Buzz,
you are guaranteed to receive the most competitive business class fares for all your business travel needs.
So rather than reworking your business class policy why don't you call the Fare
Buzz business travel hotline at 1-800-847-1963 and discover for
yourself the many amazing business travel deals that it has to offer?.