Demand for business travel services will again outweigh supply in 2008, driving continued increases in rates across air, hotel, car rental and corporate meetings and events according to the American Express annual Global Business Travel Forecast.

There’s increasing anticipation for the 28th BIT -International Tourism Exchange. The event will be held in the new fieramilano exhibition center in Italy’s Milan from February 21 to 24, 2008.

Published airfares will increase up to 4 percent next year, while hotel average daily room rates in some markets may achieve double-digit increases, according to the released BCD Travel 2008 Industry Forecast.

A revised financial forecast for the world’s airlines have been announced by the International Air Transport Association. Globally, airlines are expected to post a $5.6 billion net profit for 2007, up from the $5.1 billion forecast in June.

Three million and a half foreign tourists will be visiting Argentina by the end of 2007 totaling $3.2 billion, according to the country’s Tourism Under Secretary Daniel Aguilera.

About 800 delegates from 55 countries, including tourism ministers from about 20 countries, were told last week, according to United Nations World Tourism Organization (UNWTO) estimates, the majority of the one billion tourist arrivals expected by 2010 will be heading to the Asia Pacific region.