American Express Business Travel Monitor Shows Airfares Increased in 2010

American Express AXP Global Business Travel today released data from its Business Travel Monitor from fourth quarter 2010, revealing business travel airfares continued to increase throughout 2010, inching closer to the highest levels since the recession with domestic airfares just 6% off from the most recent airfare highs in 2008.

For hotels, rates showed very little change, however 2011 corporate rate negotiations have shown high single to double digit increases expected in many key business destination cities.