Operations

NBTA Survey Reflects Slight Growth in Travel, Shows Value of Managed Travel Programs

Posted on July 21, 2004 by LCT Staff - Also by this author - About the author

Alexandria, Va. – The National Business Travel Association (NBTA) released the results of its 2004 mid-year survey, confirming recent indicators of recovery in the travel industry and underscoring the value that corporate travel managers bring to their companies.

"More than 60 percent of travel managers surveyed said that their companies are spending more on travel in 2004 than in 2003, indicating a level of recovery in the travel industry," said NBTA President and CEO Carol A. Devine, CCTE. "More than three-quarters of those reporting higher travel spending indicated increases of 10 percent or less, showing that corporate travel managers are mitigating price increases and containing costs for their companies."

Travel manager respondents expect prices in each segment of the industry to rise slightly for the remainder of 2004. Nearly 70 percent of respondents foresee increases in air travel prices. Nearly three quarters said hotel rates will increase and almost 60 percent expect car rental prices to rise. More than 65 percent said meetings and conventions costs will escalate.

At the same time, the volume of corporate travel purchased is growing. More than 70 percent of corporate travel managers expect their companies to use a higher number of hotel room nights this year. Nearly one in five indicated they are responding to changes in the hotel industry by increasing the number of meetings.

"Travel is one of the top three controllable costs corporations incur, and travel managers are proving their importance by managing expenditures as travel costs and travel volume increase," Devine said. "As the industry continues to recover, demand and pricing will continue to grow, and having a professionally managed travel program will become even more important."

To see complete survey results, visit www.nbta.org

View comments or post a comment on this story. (0 Comments)

More News

Go Riteway Celebrates 60 Years In Bus Business

The Wisconsin company started with just four school buses and now has 1,000 vehicles serving several ground transportation sectors.

Colorado Operator Buys Affiliate To Widen Service Region

eNews Exclusive: B-Line Express in Vail will now cover even more ground in the retail-heavy state.

Why Uber Can't Be Fixed And Must Be Shut Down

Analysis: The TNC's lower costs brought lower prices, with resulting popularity and growth. But its use of noncommercial cars was unlawful from the start.

Empire CLS Featured In Meetings + Events Magazine

The article describes the chauffeured transportation provider's newest additions to its fleet: 56-passenger motorcoaches.

Unique II Brings Its Luxury Service To Florida FBO

The New Jersey company expands its chauffeured experience to  private charter jet clientele at Opa-locka.

See More News

Facebook Comments ()

Comments (0)

Post a Comment

Submit

Blog

See More

LCT Store

LCT Magazine - July 2017 $12.95 COVER STORY: * Why These Titans Work So Hard to Give it Away * *



Connect

Experience the three annual industry events for networking for business, showcasing vehicles and products, and getting the tools for success.

Read About Your Region

What’s Happening Near You?
Click on any state to see the latest industry news and events in that region.

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The number 1 resource for vocational truck fleets

Metro Magazine

Serving the bus and passenger rail industries for more than a century

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

Please sign in or register to .    Close