In the 2008 Corporate Travel Index, Business Travel News has fine-tuned its indicator of the actual differences in the daily cost of doing business in 100 major U.S. business destinations. While BTN editors compiled data for 100 international cities the same way this year as last year, enhancements in how we gathered and tabulated domestic hotel and food data render comparisons to previous indexes moot.
Like last year, BCD Travel’s Advito consulting unit provided current accepted negotiated hotel rates to determine hotel costs. For international per diems, we asked Advito to provide only upscale and upper upscale hotel rates. For the domestic per diems, Advito provided rates at upper upscale, upscale and midprice properties with and without food and beverage service.
This year, we altered the Corporate Travel Index to address the blurring of the lines between midprice and upscale properties by presenting the data instead for limited and full-service properties. At the same time, BTN editors attempted to present a more clear measure of the impact of hotel taxes and fees by gathering the various charges and assessing their impact. The Corporate Travel Index used data from Organization Resources Counselors Worldwide, based in Chicago, to reflect the differences in domestic as well as international food costs.
For the fifth year in a row, BCD Travel provided car rental pricing for full- and midsize vehicles listed in the Sabre global distribution system.
The 2008 Corporate Travel Index is not a prediction of future cost, but a comprehensive look at the most recent pricing data to help inform budgeting, per diems and comparison shopping.
The full report is posted below as individual PDFs.
Prices Rise In Resilient U.S. Seller’s Market
Corporate travel buyers seeking some relief from years of a travel seller’s market found none in the United States in 2007, as continually rising hotel rates and high restaurant prices propelled the average daily total cost of business travel higher yet again.
Weak Dollar Magnifies International Price Hikes
Buyers of a nervous disposition may find Business Travel News’ 2008 International Corporate Travel Index disturbing. With average per diems across its 100 cities up 11 percent in 2007—which also was an expensive year—it does not make for happy reading.