• Business rates rebound, says Amex

Business travel fares and rates were approaching pre-recession levels in north America in the third quarter, according to the American Express Business Travel Monitor.

The group added that it had seen an average increase of more than 7% in corporate hotel rates worldwide this year for 2011 business travellers. "Rates appear to be on a consistent rise domestically in the US, and an increase in hotel closures and a drop-off in the hotel construction pipeline due to the recession will put some constraints on capacity moving forward," said Christa Degnan Manning, director, expert insights research, global advisory services.

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