Business travel expected to increase next year

9/23/2013 5:31:04 PM

As the global economy improves, experts expect that business travel will also see an increase for 2014. Although the numbers were predicted to be higher than average this year, it was not as great of a jump as anticipated. As a result, there wasn't a huge change in airfare or rates for car rentals and hotel accommodations.

However, in the coming year, these three sectors will likely become more expensive. This will be in part due to inflation, but industry experts find it unlikely that significant fare hikes will occur - at least not among U.S. and European airlines.

There are some locales in which you may experience high rates in addition to limited resources. In Latin America, there has been carrier consolidation due to the recent surge of flights out of Brazil. As a result, air fares may increase by as much as 3 percent in 2014. On the other hand, flights between Africa, Europe and Asia Pacific are anticipated to decrease because of overcapacity from Gulf carriers.

Additionally, you may find that car rental companies are having their vehicles snatched up well in advance. So, if you are planning business travel any time in the next year, be sure to book your rental car, hotel and flight as far in advance as possible.

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