While the business travel industry anticipates a continued bounce back from last year's lows, the new travel spend paradigm is all about frugality. . .
Mitchell Goozé usually spends much of the year traveling, giving advice to companies on how to grow. But the phone wasn't ringing much during the depths of the recession.
Now, many of his clients are feeling more confident, and Goozé is back on the road. "I went through a period where I wouldn't travel for two or three weeks, and now, I'm starting to be gone almost every week again," says Goozé, whose company is based in Sunnyvale, Calif. "The trend is definitely moving."
Businesses will send more people out on the road next year, making up for lost time during the recession, when travel budgets were slashed and corporate trekkers mostly stayed put, corporate travel managers say.
But the frugality that took hold in the economic downturn will continue, they say. Companies will opt for coach over more expensive first-class airline tickets.
The tickets will more often be bought in advance rather than at the last minute, which costs more. And videoconferencing will be used if a face-to-face meeting on the road isn't critical.
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Source: USA Today