American companies are ready to write bigger checks for business travel this year.
The Global Business Travel Assn. is expecting companies to spend $266.7 billion in 2013. That’s a 4.6% increase over last year, when the “fiscal cliff” and Superstorm Sandy put a crimp in travel.
Still, the group predicted that companies will trim back 1.1% on the number of trips.
The rise in spending and the drop in trips means more travelers will stay longer, perhaps scheduling more meetings per outing, said Rebecca Carriero, a spokeswoman for the trade group representing business travel managers.
“Business travelers will try to be more productive to maximize their time,” she said.
In 2012, business travel spending grew a modest 1.6%, reflecting caution by companies about splurging amid uncertainties caused by a presidential election, debate over the “fiscal cliff” and the storm that shut down much of the East Coast for several days.