Operations

Business Travel Grows But Faces Tight Corporate Budgets

Posted on May 9, 2012

NEW YORK — The New York Times reports that while global economic uncertainty has rattled business confidence, it hasn’t stopped companies from sending “battle-tested travelers” back on the roads this year.

“More businesspeople are traveling, but companies are being tighter with their budgets,” said Henry H. Harteveldt, a travel industry analyst and a founder of the Atmosphere Research Group. “Travelers increasingly have to justify their trips, and trips have to be approved by more managers. They have to perform the equivalent of a return-on-investment analysis before they book.”

Read the full story from the New York Times here.

Related Topics: business travel, corporate travel

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