Projections in part are based on expectations for improving economic conditions in many regions—though perhaps more so in developed markets than emerging ones—and the growing influence on airfares of low-cost carriers. "Companies will want to travel more, as economic conditions continue to improve in 2015," according to Advito's report. "Yet more than five years after the height of the global recession, businesses remain cautious about spending too much too soon, so travel growth will be modest rather than spectacular." Though Advito expects North American air capacity in 2015 to increase more than in recent years, it wrote that consolidation continues to push fares higher. "For now, airlines are generally continuing to post low single-digit fare increases for fear of killing off demand," according to the report. "However, once reduced corporate discounts and early closure of low-fare buckets are taken into account, the underlying price paid by business customers is climbing fast." For next year, Advito forecast regional economy fares to increase 4 percent year over year and regional business fares by 2 percent. For intercontinental routes, it projected 3 percent higher business fares but flat economy fares. Get the full story at Business Travel News and download the report at Advito