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American Express Business Travel’s AXIOM
(Intelligent Online Marketplace) won a Stevie Award for Best
New Business Service at The 2007 American Business Awards.
“Being named a winner is a significant achievement for the
AXIOM solution and American Express Business Travel as a
whole,” said Andrew McGraw, senior vice president and general
manager for North American business travel. “As a company, we
are committed to providing our clients the most advanced
technologies that allow for greater control over travel and
entertainment spend. This recognition underscores the growing
need for expanded services in business travel, and further
adds to our growing list of industry accolades.”
Powered by California-based
Rearden Commerce, Inc., this Web-based marketplace for
services was described by The Wall Street Journal as
something that “could help usher in the next generation of
online travel-booking tools.” AXIOM brings together inventory
from more than 135,000 suppliers to provide a one-stop-shop to
find, purchase, and manage everything from traditional travel
(flights, hotels, and car rentals) to non-traditional services
such as airport parking, dining, ground transportation, event
tickets, package shipping, and audio/web conferencing.
Another useful—and timely—service provided by American
Express Business Travel is their annual Global Business Travel
Forecast. Here are highlights from their 2008 report:
The American Express annual Global Business Travel Forecast
reports that—no surprise—demand for business travel services
will again outweigh supply in 2008, driving continued
increases in rates across air, hotel, car rental and corporate
meetings and events. While airfares are expected to continue
their steady climb, hotel rates are projected to experience
double-digit increases in demand-heavy markets across the
U.S., Europe and Asia.
Said Mike Streit, Vice President and Global Leader of
American Express Business Travel Advisory Services: "In 2008,
we expect a domestic trip inclusive of airfare, car rental,
and hotel stay will increase six percent, or $63 USD, bringing
the average trip cost to a total of approximately $1,110 USD.
For an international trip, the increase is expected to be
nearly seven percent, or approximately $205 USD, bringing the
cost of an average trip to $3,171."
Gloomy news, but while pricing pressures that have
influenced the rise in airfares in the past are expected to
continue in 2008, more competition in certain markets should
help ease some increases. - Fuel costs, improvements in
airline inventory and pricing technology, capacity constraint,
and demand for long haul are likely to drive price
increases. - Greater competition through the USA-EU Open
Skies Accord, together with the growth of low-fare pricing
models and more efficient aircraft, will moderate increases.
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