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Highs and Lows

Travel costs are up, but some companies are giving business travelers a break.

By Christopher McGinnis

Opinions expressed by Entrepreneur contributors are their own.

"Every sector of the travel industry will be up, up, up,this summer," says Suzanne Cook of the Travel IndustryAssociation of America. "The momentum in travel recovery thatbegan last year is continuing, and Americans are traveling inrecord numbers."

  • That's great news for the travel industry, but not forcompanies trying to control travel costs--higher demand meanshigher prices. Car rental rates are up an average of 10 percent to15 percent over last year. Hotel prices in many major cities areskyrocketing, and hotels are regularly selling out in super-hotmarkets like Boston and Manhattan. Recently imposed fuel surchargesare bumping up airfares. Even airport parking rates are on therise.
  • Since small businesses usually don't have the volume tonegotiate lower prices, finding travel deals is tough. And whenthey do find deals, travelers get bogged down in the fine print orhave to jump through too many hoops to realize true savings.

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