American Express Global Business Travel released its Global Business Travel Forecast 2013today, and vice president Hervé Sedky sees “prices likely rising…in growing economies such as Brazil, India, and Russia, but staying flat or even declining in those markets where growth is stagnant.”
Those stagnant markets include Europe – largely because of its financial crisis – and China, where meteoric growth is seen as leveling off.
Read the full story on my Seat 1A blog on Forbes.com.