Business Travel on the rise for 8 Quarters
Business travel is an aspect that has been constantly rising for the past eight quarters. This is particularly benefitting hoteliers and aviation companies where tourism jobs are on the rise. Rental car rates however have dropped average worldwide. Consolidation in this industry has led to base rates reducing and thus remaining competitive for users. The average duration of the business travel too is rising. International business travel has not risen as much as the same on the domestic front.
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