AVIATION - Low Cost Airlines increase Share of Business Travel Market

Asiatraveltips.com, 27 September 2007

Fares for budget airlines grew by 10% in the last year and now account for one in eight business travel bookings, according to a recent survey by international corporate services company Hogg Robinson Group.
Traditional carriers have responded to the growth of the low cost carriers in the business sector by reducing the cost of their economy fares by an average 5%. This heightened competition across the airline industry has kept overall average price increases below those seen in previous years despite an increase in the number of travellers.

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