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CWT offers 2013 forecast

Carlson Wagonlit Travel (CWT) has released its 2013 Travel Price Forecast, indicating that prices in most areas of travel spend are expected to grow modestly around the globe next year, with the most significant inflation expected throughout the Asia Pacific and Latin America regions. Using CWT global client data with the market and industry knowledge of CWT experts around the world, the 2013 forecast provides price projections for every region, as well as country — and local-level expectations for those destinations to which CWT clients most frequently travel. The forecast also addresses the additional factors that can directly affect overall travel spend and traveler satisfaction, such as safety and security and use of technology. Nick Vournakis, senior vice-president, global product marketing and CWT Solutions Group, observed that: “Price increases in 2013 will begin to level off in most regions throughout the world compared to what travel buyers experienced in 2012, as booming economies like Asia Pacific’s begin to normalize, and as uncertainty remains in Europe.” Vournakis noted that: “While slightly higher prices will be the reality again next year as demand for travel outpaces supply in most places, our forecast demonstrates there is still plenty travel buyers can do to watch costs and take care of travellers through other measures, including reexamining how they influence traveller behaviour.” Go to http://www.carlsonwagonlit.com/en/global/tmi/global-forecast-2013 for more.

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