Weakest Global Biz Travel In Two Decades

LCT Magazine
Posted on April 30, 2009
UPDATE: NEW YORK (MarketWatch) -- A poll by London consultancy Ascend projects a 7.5% drop in international business airfare spending over the next 12 months. In a Thursday release, Ascend said it polled 280 frequent business travelers from over 35 countries, with 53% saying they expect their company's travel budget to drop significantly. "This is the weakest outlook for international business travel in nearly 20 years," said Ascend Chief Economist Peter Morris. Ascend said results reflect policies across many large international companies and corporations, not just individual respondents.

Related Topics: Biz Travel, breaking news

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