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Highs
and lows: travel costs are up. |
Highs and lows: travel costs
are up, but some companies are giving business travelers a break
"EVERY sector of the travel industry
will be up, up, up, this summer," says Suzanne Cook of the Travel
Industry Association of America. "The momentum in travel recovery
that began last year is continuing, and Americans are traveling in
record numbers."
That's great news for the travel industry, but
not for companies trying to control travel costs--higher demand
means higher prices. Car rental rates are up an average of 10 percent
to 15 percent over last year. Hotel prices in many major cities
are skyrocketing, and hotels are regularly selling out in super-hot
markets like Boston and Manhattan. Recently imposed fuel surcharges
are bumping up airfares. Even airport parking rates are on the rise.
Since small businesses usually don't have the
volume to negotiate lower prices, finding travel deals is tough.
And when they do find deals, travelers get bogged down in the fine
print or have to jump through too many hoops to realize true savings.
That could be changing. For example, Budget
Rent A Car just announced a simple offer to small and midsize businesses
that rent cars at least once per month or spend at least $1,000
per year on car rentals: Those companies that enroll in the Budget
Business program get an additional discount on Budget's lowest rates
on all car classes. They also receive a $2 rebate for every day
an employee rents a Budget car. A company with five travelers who
rent cars five days per month would earn back $600 a year from the
rebates alone! Members also get no additional driver fees, unlimited
mileage, and complimentary Rapid Return and Fastbreak (express,
paperless rental) services. For more information, see www.budget.com,
and click on "Frequent Renter."..You
can read more.
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