Travel Leaders Corporate said its clients paid an average of
$1,073 for a domestic business trip in the third quarter, a record for Q3 and
an 8% increase from a year earlier.
And companies show no indication of cutting back, Travel
Hotels benefited the most. The total hotel cost for a domestic
business trip increased 16% year over year and rose 12% from the second
The average daily rate was $164 in the third quarter, up
from $158 a year earlier.
"There is strong demand for corporate travel in almost
all sectors, but a healthy economy also means that suppliers can and are
raising prices," Travel Leaders Corporate senior vice president of
corporate sales Mike Boult said in a statement.
Companies spent 6% more on air travel in the third quarter.
Rental car costs, however, fell to $143, a 13% drop from $165 a year earlier.