The 2007 American Express Global Business Travel Forecast predicts that air fares worldwide are expected to increase next year.

American Express predicts a three to five percent increase in domestic economy fares, and a three to seven percent rise in international business-class fares. These come after several years of increasing airfare prices.

Yesterday Bombardier and Jet Solutions announced the pricing for the FlexJet Jet Cards. The price varies with:

1. the aircraft you want to fly,
2. the number of days in the year you would like to be able to travel. So with a smaller number of days you essentially say you're willing to avoid the peak travel days and the price drops.
3. the number of hours of travel you would like to purchase.

The Magellan, an 860 ft long, luxury residential cruise ship will be completed in 2009. The ship will offer both full ownership and fractional ownership in a variety of suite sizes. Owners will be able to circumnavigate the globe every two years, with stops at 150 ports of call each year.

This is clearly not your typical Private Residence Club, and is the first vessel we've seen of this size to offer fractional ownership.

Located on the crescent on the Palm Jumeirah in Dubai, the new Fairmont Heritage Place Private Residence Club, will have 50 luxury duplex apartments with sea views.

This unique man-made island, in the shape of a palm tree, consists of a trunk, a crown with 17 fronds, and a surrounding crescent island that forms a water-breaker. The club is located in the Kingdom of Sheba, a brand new resort covering 141,500 sq. metres on the crescent in Dubai.

The membership levels being offered are shown in the table below:

In another sign of the increasing transparency that's coming to the Destination Club industry, Lusso Collection announced today that all of the interests in its properties will be held by subsidiary LLCs owned 100 percent by the club.

Lusso is one of the clubs that is now highlighting it's annual independent audit and in addition provides members: