Business Travel Spending To Grow 7 Percent
NEW YORK (AP) - Business travelers are forecast to spend $245.8 billion this year, up nearly 7 percent from 2010, thanks to improving economic conditions and increasing corporate confidence, an industry trade group said Tuesday. That prediction is $6.5 billion better than an outlook released in January, and growth is expected to continue at least through 2012.
"These are very heartening signs. Business travel spending is coming back at robust levels, indicating the shape of things to come namely more travelers on the road, an improving economy and a positive environment for continued job growth," Michael W. McCormick, executive director of the Global Business Travel Association said in a statement.
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