Auto Rental News
MenuMENU
SearchSEARCH

Amex Forecast Says Business Travel Costs Up, Policies Shift

Average domestic North American trip will cost $46 more in 2007; companies seek to strictly monitor travel expenses.

by Staff
October 30, 2006
1 min to read


On average, it cost more to buy corporate travel in 2006 than it did in 2005, Travel Weekly reports, and it will cost still more next year, according to the American Express 2007 Global Business Travel Forecast. The forecast said next year's average domestic North America trip—including air, hotel and car—will cost an extra $46, or 4.5 percent more than the 2006 average; the average international trip will cost another $180, representing a near-parallel rise of 4.6 percent.

However, those rising prices don't necessarily mean corporations will cut staff travel. According to Mike Streit, vice president and global leader for American Express Business Travel, Advisory Services, some companies are even increasing the amount of travel and, hence, the spending. He said companies "are becoming more sophisticated... they are now looking at travel spending as an investment. So they are not necessarily trying to travel less, but they want to buy it more wisely." As a practical matter, Streit said, they are or will be tightening travel policies, enforcing them more carefully and even using automated compliance technology, increasing the sales of those tools, according to Travel Weekly.

More Rental Operations

50 states map showing LOR rates for each state with different shades of light to dark green

U.S. Length Of Rental (LOR) Declines Slightly in Q1 2026

LOR related to insurance claims overall continues to trend downward, but ongoing market and economic conditions could affect future results while the industry deals with staffing and productivity challenges.

Read More →
Illustration of a driverless futuristic front seat/dashboard view of other cars on a freeway with city skyline on horizon.

Hertz, Uber Deepen Roles In Self-Driving And Driver-Led Fleet Services

The business arrangement connects demand with scalable fleet management services and supports a range of mobility uses.

Read More →
A tech collage of electronic devices against a computer chip blueprint map.
Rental OperationsMay 1, 2026

Why Car Rental Can No Longer Run On Workarounds

The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.

Read More →
Ad Loading...
A tech collage of electronic devices against a computer chip blueprint map.
Rental OperationsMay 1, 2026

Why Car Rental Can No Longer Run On Workarounds

The shift from branch-based software to connected operations is turning rental technology into strategic infrastructure.

Read More →
A black Audi SUV superimposed on a historic scene from downtown Tashkent, Uzbekistan.

Carwiz Sets Up Rental Operations In Central Asia

The global franchise operation reaches a first in its rental fleet portfolio with new service in Uzbekistan.

Read More →
A raging brushfire in the countryside.
Rental Operationsby Martin RomjueApril 30, 2026

Where Rental Fleets Must Adjust To Shifting Catastrophe Risks

West Coast disasters pose unique challenges and liabilities for rental fleet operators, who are advised to take steps tailored to their specific situations.

Read More →
Ad Loading...
ARN Industry Newsmakers thumbnail page with ARN and ICRS logos and shots of Nick DiPrima and Martin Romjue
Rental Operationsby Martin RomjueApril 27, 2026

Using AI To Find Rental Car Damage

Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.

Read More →
Photo of CEO Krešimir Dobrilović against a gray modernist crooked-tile mural display.

Carwiz Opens Car Rental Service In Panama

A Carwiz partner in Puerto Rico is taking on the Panama franchise with operations in the nation's largest airport.

Read More →
A world map with Flexways logo and new locations headline.

Flexways Opens 10 Locations Among Franchise, Affiliate Rental Networks

The integrated business model combines each operator’s local expertise with international standards to boost sales.

Read More →
Ad Loading...
Photo of a suitcase, passport, and smartphone.

Traveler Customer Satisfaction Up This Year Data Study Shows

The study looks at customer analytics to size up performance in car rentals, rideshare, airlines, lodging, and OTAs.

Read More →
Ad Loading...