January 13, 2013 |
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.
July 15, 2012 |
After a strong surge over the last two years, business travel in the United States is expected to grow more slowly through the end of the year, largely because of economic uncertainty in Europe. The slowdown in travel spending was forecast last week in a report by the Global Business Travel Assn., a trade group for the nation's travel managers. The group also cited ongoing worries about the U.S. economy, low job growth, falling consumer confidence and slowing corporate profits.
October 21, 2013 |
Spending on business travel is expected to surge in 2014, a sign of continuing confidence in the U.S. economy. But the rosy business outlook could be marred by further feuding in Washington that leads to another government shutdown. The message of caution came from a survey released last week by the Global Business Travel Assn., the trade group in Virginia for corporate travel managers. Based on business indicators, the group predicted $288.8 billion in spending in the U.S., which would be a 7.2% jump over 2013.
October 14, 2012 |
Business travel can be bad for your health. That was the conclusion of a Columbia University study last year that found high obesity, high cholesterol and high blood pressure rates among those who travel the most for work. Now a new study by CWT Solutions Group, a travel management consultant, identifies those things that cause the most stress to travelers and possibly lead to health problems. Here are the top five sources of stress, based on a ranking from zero to 100, with 100 being the most stressful: 1. Lost or delayed luggage (79)
February 4, 2013 |
The busiest airport in the world, serving nearly 2,500 landings and departures a day, has been ranked as the best airport for business travelers to make a connection and get good food and helpful amenities. Hartsfield-Jackson Atlanta International Airport won most of the top rankings in a survey of 930 travel agents, managers and others who book travel for Travel Leaders Group, one of the nation's largest travel companies. Los Angeles International Airport was ranked eighth among best airports for business traveler services.
August 8, 2009 |
Despite signs that the country's economic free fall may be bottoming out, demand for business travel continues to plummet, putting airlines and hotels in financial straits. As businesses continue to tighten spending practices, corporate travel is projected to drop by 15% this year compared with 2008, while overall travel demand could decline by 11%, according to a study by PhoCusWright, a Sherman, Conn., market research firm. Corporate travel -- defined as business travel managed under strict corporate policies -- has historically represented about 40% of the total travel market, but PhoCusWright predicts that share will drop to 35% next year.