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Business Travelers Feel Pain of Increased Liesure Travel
As summer nears, the travel industry is showing signs of reaching the heaviest travel period since 9/11. Both business and first class cabins on flights are filling to capacity making it difficult for business travelers to get tickets. Hotel prices are also rising and the Air Transport Association predicts 65 million passengers will travel on planes this summer, up 12 percent from last summer's 58 million. Additionally, the National Business Travel Association expects business travel to match the level of 2000 - one of the heaviest travel periods in recent history.
This increase in travel activity bodes well for the hotel industry as increased demand allows for increased room rates. Low cost airline carriers are also benefitting as their expansion is fueled by this increase in travel demand.
Steve Hall | June 6, 2004 | Trends | Permanent link
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Comments
Steve, you spelled "Leisure" incorrectly in the title.
Posted by: Paul Chaney at Jun 8, 2004 9:47:45 PM
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