Mumbai: Domestic air fares are likely to shoot up by 12 to 14%, domestic hotel tariffs may go up by 5 to 6% and even car rentals are expected to climb in 2011. In short, inflation will affect many elements of our travel bills, making them heftier than last years.
This forecast appears in a report published by a travel company on trends, outlooks and opportunities in corporate travel. The report offers tips on how to cut a travel bill. The tips work for all kinds of travelers, not just the laptop-carrying, suited kind.
For instance, buying an air ticket 14 days in advance drives up savings by 20% as against buying a ticket seven days prior to the journey. Corporate travellers, best known in the airline industry for last-minute bookings, expectedly fail here.
"Over 150 travel managers in large and mid-sized corporations with spend of more than Rs 30 million say that 50% of their travel is booked less than three days before travel and only about 18% of tickets are booked seven days in advance," said the Thomas Cook white paper.
If, like most corporate travellers, a passenger shuns non-refundable tickets because of the cancellation penalty, then it would help to keep track of how often cancellations are made.
27/02/11 Economic Times
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