Business travel expenses could increase significantly next year, driven higher by increases in air fares, hotel rates and car rents.
“We’re expecting 3 to 7 percent,” said business travel consultant Donald Swartz, managing partner of Corporate Travel Buyer Resources in Palm Beach Gardens. “Most likely, you are going to see hotel rates at the higher end of that [range], air fares in the low to mid range, and car rental rates, by the end of next year, will be climbing up to the higher end.”
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