CWT predicts whopping 2009 airfare hikes
September 02, 2008 | Online Travel
Carlson Wagonlit Travel in a report to clients said international and domestic airfares would undergo double-digit percentage increases in 2009, while it expects hotel rates to climb modestly and rental car rates to remain flat.
CWT said domestic airfares likely will rise by up to 12 percent in 2009, while international airfares are expected to increase between 16 percent and 20 percent, attributing much of that staggering growth to high fuel costs, new fees and surcharges and capacity cuts, the bulk of which take hold in the latter half of 2008.
CWT in its forecast said preferred supplier adoption, advance airfare purchases and use of restricted airfares, among other cost-saving tactics, could help companies in tempering the expected fare increases.
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