CWT, however, projects average daily hotel rates to fall considerably, car rental prices to drop moderately and meetings costs to continue to decrease through 2010.

CWT estimates published domestic airfares for all classes to increase 3 percent to 5 percent from 2009 levels. International economy class fares are expected to rise 4 percent to 6 percent and business class fares 5 percent to 8 percent.

However, "airlines are doing a lot on the yield management side to manage the ultimate price," said CWT Solutions Group Americas senior director Dale Eastlund. "You may have the discount off the full walk-up fare, but you have to book into a lower inventory for the best fare."

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