A slight upturn in the United States economy, instability in Europe and slowing growth rates in key markets has weakened the demand for business travel. According to the 2012 American Express/CFO Research Global Business and Spending Monitor, only 5 percent of businesses in the Asia Pacific region expect to spend at least 10 percent more on business travel this year. Head of American Express advisory services for the Asia Pacific Dr Carl Jones said diminishing growth in key markets and a surge in the US economy has altered travel trends. ?Companies in Asia Pacific are still shying away from doing business in Europe so airfares to this region continue to fall. Interestingly, fares to the Americas have increased 2% in the last quarter ? the first quarter on quarter increase in the last six months. This is largely due to certain carriers ? specifically in Australia ? increasing prices in response to the recent positive performance in the US.?
http://www.etravelblackboardasia.com/article/84359/business-travel-settles-as-us-economy-lifts
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