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Article: Car rental rates drive travel expenses higher.(Special Report: Executive Travel)
- Article from:
- Crain's Chicago Business
- Article date:
- September 22, 1997
- Author:
CopyrightCOPYRIGHT 1997 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Total cost of '98 biz trips to rise at about inflation rate
Business travel will be only slightly more expensive in 1998 than it is now, but companies renegotiating car rental contracts may be in for some surprises, according to a recent report on travel costs.
A study released by Rochester, Wis.-based management consulting firm Runzheimer International predicts the cost of business travel - based on the weighted average of airfares, lodging, car rental and meal expenses - will increase by 4.7% next year, a figure consistent with the small jumps of the last several years, but running at about the rate of inflation.
But companies may find more ...