Quarterly report shows increase in business travel
July 25, 2011
The Global Business Travel Association (GBTA) recently released the Business Travel Quarterly Outlook report, and the second quarter of 2011 saw a 6.3 percent improvement over this time last year. The association is also predicting further growth for the rest of this year.
"Business travel is a leading indicator of job growth, so it is encouraging to see overall business travel on the increase," Tina Hamdam, the business development manager for The Travel Authority in Ohio, told the Dayton Business Journal.
International travel is a major factor in the reported improvements, as expenses for overseas business trips are expected to reach $31.8 billion this year, which would be 9.1 percent higher than spending in 2010. The increase in travel is due largely to international trade stimulating global business - more companies are working on the international level, so more business trips are needed between nations.
The GBTA predicts that travel expenses will increase, but only by about 4 to 5 percent. Business travelers can save money in other places by using calling cards to stay in touch with loved ones and traveling with just a carry-on to avoid bag checking fees.