Fares gap widening
The gap between leisure and business class fares is widening, according to a new study in the US.
Airlines slashed their lowest discount fares during the second-quarter of 2002 to an average of $93 one-way, 3% lower than the first quarter and 22% lower than the second quarter of 2001.
‘Lowest discount’ is the lowest, most restrictive fare and usually requires advance purchase of seven to 21 days and a Saturday-night stay.
But while leisure fares plunged, business fares remained stable.
The American Express Business Travel Monitor, a benchmarking service offered to American Express corporate clients, carried out the study.
“The business fares are now six times higher than those traditionally targeted at consumers,” said Brian Mogler, vice-president of supplier relations and consulting at American Express Corporate Travel.
In comparison, business fares were about two and a half times higher than leisure fares six years ago.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Phocuswright reveals the world's largest travel markets in volume in 2025
Higher departure tax and visa cost, e-arrival card: Japan unleashes the fiscal weapon against tourists
Cyclone in Sri Lanka had limited effect on tourism in contrary to media reports
Singapore to forbid entry to undesirable travelers with new no-boarding directive
Euromonitor International unveils world’s top 100 city destinations for 2025