9/30/2009-American Express (NYSE:AXP) released its latest travel forecast Wednesday, indicating that rates in most travel categories are expected to rise by the end of next year due to "pent-up trip demand and supply changes." AmEx said this year, weak demand for travel has pressured prices lower, most notably occurring among hotels, which suffer the issue of being unable to cut capacity like air carriers. The press release indicated that "AmEx doesn't expect airfares to decrease anywhere in the world next year except perhaps Latin America. Globally, it predicts as much as a 5% fare increase for domestic flights and a 6% increase for international."

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