Business travel rates falling sharply, figures suggest

Australian companies could be willing to issue their employees with more overseas travel money when they take a trip abroad, as new figures have shown that the price of business class flights has fallen sharply.

According to the Transport Department, corporate travellers are forking out 20 per cent less for services than they were at this point in 2011, the Sunday Telegraph reports.

The body surveyed the top 70 routes used by Aussie air passengers and found that rates have declined since Virgin Australia entered the corporate market last year.

An index produced by the transport chiefs showed that prices fell from 98.7 last January to 76.9 this month.

However, it was not such good news for holidaymakers flying in economy class, as ticket prices rose from 92.5 to 108.7 on the barometer.

Tourism officials in New Zealand recently stated that business travellers from Australia tend to spend three-times more than other visitors to the country.

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