BCD, Amex Issue 2007 Business Travel Forecasts

Citing strong demand in all business travel markets, both BCD Travel Consulting and American Express Business Travel have released reports detailing a rise in corporate travel client spending in 2006, according to Business Travel News.

American Express Business Travel clients saw car rental costs for corporate customers rise 4 percent to $67.26, compared with second quarter of 2005. BCD estimates car rental costs will rise 5 percent to 7 percent. Even with such rates on the rise, uncontrollable taxes and the high cost of fuel will be passed to customers, BCD said.

BCD says additional fees, such as no-show charges of $50, are beginning to become a standard part of the car rental industry. The firm predicts that the trend towards more add-on charges, such as a loss damage waiver in the rental car rate, will prompt travel buyers to increasingly review these charges for inclusion in the negotiated daily rental rate.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

Trump and Regulations: An Alt-Fuel View

With 2025 emissions targets back in review, manufacturers, alt-fuel, and alt-power suppliers weigh in on the potential impacts of Trump’s initiatives.

Why GM’s Telematics Announcement is a Really Big Deal

Enabling a telematics connection at the factory — and not through an aftermarket hardware installation — is a game changer for fleets.

Four Thoughts From the 2016 Conference Calls

Sifting through the notes of Avis Budget Group’s and Hertz Global Holdings’ recent fourth quarter conference calls give us some trend lines to watch out for in 2017. (Of course, this gives us an incomplete snapshot, as Enterprise Holdings is privately held.)

Job Finder: Access Top Talent. Fill Key Positions.

>