MIAMI – The Association of Corporate Travel Executives found 33% of corporations will be spending less on business travel in 2009, 31% will spend the same amount, and 36% will spend more. The No. 1 reason for the cutbacks in travel spending, according to 47% of the respondents, is a combination of economic uncertainty and rising fuel costs.
Twenty-six percent cited other reasons, such as internal changes and a restructuring of business focus.
“Equally significant is the manner in which corporate travel managers are directing the cutbacks,” ACTE Executive Director Susan Gurley said.
Thirty-one percent are cutting back on travel across the board. Thirty-nine percent are cutting back on internal meetings, while 16% are reducing international travel. Nine percent have eliminated training trips as part of their agenda. An additional 14% cited “other means.”
Source: South Florida Business Journal
U.S. passenger numbers are at record levels, but packed terminals aren’t stopping them from enjoying wait time for a flight.
David and Stacey Glazier's Fleet Transportation service sees opportunity in a popular ski market.
eNews Exclusive: Edward Kim went from shuttle driver to business owner, and has gotten far with the help of loyal employees.
What separates a client from a brand loyalist?
There are nuances transportation providers should consider when pursuing this lucrative market.
The application for the awards at LCT-NLA East will close Oct. 1, so be sure to fill it in before it's too late.
Webinar: Are you better off with new or used coaches? A veteran bus operator could help you decide.
Sandy Miller sees a future in providing a level of chauffeured service that TNCs cannot.
eNews Exclusive: This operator advises keeping service levels high no matter what the fleet size.
Operator Alex Darbahani's KLS Worldwide officially opens Seamless Logistics division.
Mike Remedios is tasked with transforming the app-driven chauffeured service network.
The class action filed by Diva Limousine blames Uber's predatory pricing strategies for hurting legitimate chauffeured services.
Sandy Miller and Dan Miller bring experience in the travel, transportation, and investment industries.
Scott Szwed will be working with the team as chief strategy officer to propel more growth.
The world's No. 1 online marketplace and trader for professional chauffeured and chartered vehicles, including all types of motorcoaches, buses, vans, stretch limousines, sedans, SUVs, exotics, and classics. New and used vehicles are available from sellers across the nation.
The best online networker to find quality affiliates worldwide and market your company.
Click on any state to see the latest industry news and events in that region.