While residents may not feel the effects of the slowly receding recession, businesses are gradually purchasing more business class seating on flights. One study notes that, over a span of a year, 4.6% more travel agents claim that at least 11% of their customers are booking business- and first-class flights. Bookings of upscale hotel rooms catering to business travelers increased 3.5%. However, the study notes that most of the increase comes from executive travelers, not lower-level managers and businesspersons who continue to travel economy class. Airlines will continue to cater to lucrative business-class passengers as a means to stay in the black. While the industry remains stable, fuel prices and disappointing results in new markets have depressed profits across the board.