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Business travel costs will increase only 4.7% during 1998, according to the travel management experts at Runzheimer International, the Rochester, Wisconsin-based management consulting firm, and published in Runzheimer Reports on Travel Management, the industry newsletter.
This predicted increase is based upon the weighted average of four major business travel expense categories: airfare, lodging, meals, and car rental. A forecast for other costs such as ground transportation and entertainment is also included but is not calculated in the weighted average.