Teleconferencing Replacing A Lot Of Biz Travel

LCT Magazine
Posted on February 18, 2010

2010 OUTLOOK: A report in today's Wall Street Journal shows corporations are no longer cutting back on travel at least, but reluctant to return to previous travel spending as they invest in more teleconferencing equipment.

Key statement: "U.S. companies cut their travel budgets 30% to 40% last year, but they will probably increase them by only half that amount in 2010, estimated Herve Sedky, general manager at American Express Business Travel, which provides consulting services to corporate travel departments."

Related Topics: Biz Travel

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