North American Companies optimistic about business travel
Companies in North America are more optimistic about business travel in 2013 but also bracing for higher travel costs only partially offset by modest budget increases. Hotels, airlines and meetings venues will capitalize on growing demand to wield more power in negotiations with corporations that spend on business travel, according to travel buyers surveyed in the GBTA Foundation’s 2013 Industry Pulse: Business Travel Buyers’ Sentiment report.
“Travel prices will be rising across the board, with international price growth especially robust as companies look abroad for opportunities,” said Joseph Bates, GBTA vice president of research. “Travel buyers are being pushed to balance higher costs, the need to get travelers on the road, and corporate budget constraints. Strategic travel management programs will play a key role for companies dealing with a tougher negotiating environment and focused on getting the most out of their travel spending.”