Worldwide travel prices in 2014 again should increase moderately "in line with limited economic growth," according to Carlson Wagonlit Travel's 2014 Travel Price Forecast, released Tuesday. The travel management company expects average 2014 U.S. hotel rates to rise by nearly 5 percent and U.S. airfares and car rental rates to increase as much as 1.2 percent and 1.3 percent, respectively. Certain Latin American and Asia/Pacific countries are forecasted to experience even higher increases in all four evaluated categories: airfares, hotel rates, ground transportation costs and per-attendee meetings costs. "While we expect moderate price increases worldwide next year, there are some notable exceptions," according to Christophe Renard, vice president of CWT Solutions Group. "Prices in Europe are likely to decrease because of continued economic uncertainty in the region, while emerging markets, such as Argentina, could experience far higher increases in 2014 due to high projected GDP growth and significant inflationary increases." While CWT predicts 2014 European hotel rates to range between a 2.5 percent year-over-year decrease and a 1.6 percent increase due to economic uncertainty, hotels in some key business destinations in other regions will have their "highest rate increases in decades," as hotels will operate at near capacity. Hotels in North America could see rates increase as much as 3.9 percent rate, with rates in the United States rising by up to 4.9 percent. However, rates in New York City may soften slightly due to "a return to small increases in new hotel construction," according to CWT. CWT projects the 2014 average hotel rate to increase by as much as 5.8 percent in Latin America, the highest of any region, and up to 4.9 percent in the Asia/Pacific region. The projected rate increase in Venezuela, as much as 16 percent, is the highest of any country in CWT's forecast. The forecast for Brazil of up to an 8.4 percent in average daily rate is due partly to the country's role as host of the 2014 FIFA World Cup. CWT recommended travel buyers encourage travelers to join hotel loyalty programs, noting that hotels this year more often are offering members free Internet access. This would allow buyers to "focus their amenity negotiations on breakfast." Meanwhile, "the industry is moving toward the trends of including a fifth season in corporate contracts when possible, and/or providing ‘fair rates' during blackout dates," according to the report. "Buyers should anticipate higher rates as a result and should proactively consider this when negotiating the overall contract." Download the full report at Carlson Wagon Lits (PDF 7 MB)