March 20, 2012 - 10:25 AM ET The 2012 edition of the Business Travel News Corporate Travel Index, an annual effort to establish business travel per diems for 200 cities around the world, illustrates the tentative recovery experienced in 2011 by the industry. Hotel and food prices throughout all global regions generally rose when compared to 2010 levels, but the magnitude of those increases varied by cost segment and region.
It was just a couple months ago that the travel industry was celebrating the beginning of the end of the recession. Hotels reported rising occupancy rates and predicted they?d soon be able to raise their prices, heading toward pre-recession levels. Even companies that catered to the leisure traveler were finally seeing the signs of growth that their counterparts in the business travel sector had enjoyed last year.
Ah, that sinking feeling as your fellow passengers grab their bags and hit the exits, while you stare sadly at the empty baggage carousel. Plenty of us have had our travel excitement deflated by the disappearance of our luggage. So when that conveyor belt grinds to a halt and you?re left empty handed, what do you do next?
Airfares are up and headed higher this summer. U.S. airlines blame soaring fuel prices, which could cost them billions more than last year. That means fares, which normally rise as the summer travel season nears, could increase faster than normal.
The merger between United Airlines and Continental Airlines, which will create the largest airline in the world and help the company cope with the financial difficulties that have rocked the industry, is expected to be completed this quarter -- 18 months after its merger was officially announced.
The application fee for a passport is jumping by 27 percent, from $55 to $70 with a 100 percent increase, from $20 to $40, in the passport security surcharge.
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Seasoned travel management executive Stephen D. Thomas-Schulere has joined San Diego-based Balboa Travel as Senior Vice President Strategic Solutions.
As we mark the 10th Anniversary of the September 11, 2001, terrorist attacks, the Department of State informs U.S. citizens traveling and residing abroad of the continued threat posed by al-Qa?ida and its affiliates.
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