“Overall, with persisting economic uncertainty in specific regions and countries, the balance of power is expected to shift back to suppliers, thus putting additional cost pressures on travel managers responsible for optimizing travel spend and in working with their travelers to do so,” said Pedro Paredes, vice president, Global Business Consulting. “In this environment, organizations and their travel managers will need to be extremely disciplined in defining their travel objectives in relation to their corporate strategy and enforcing the related travel policy,” he added. Globally, air, hotel and ground transportation prices are expected to be neutral to slightly higher, according to the report. Get the full story at Travel Market Report and America Express