2012 Business Travel to Grow… Albeit Slowly
The association forecasts an increase in business-travel spending of 4.6% for 2012, although it sees a 0.8% decline in the number of trips taken
“We should expect road warriors to remain busy in 2012,” said Michael McCormick, GBTA executive director and COO.
The association also forecasts that prices in the U.S. for business travel will increase by 2.2% in 2012, compared to a 4.3% increase in 2011, attributing the change to reduced demand and lower fuel prices.
The association expects the number of U.S.-initiated international business trips to grow by 2.4% in 2012. In 2011, this figure grew by 3.2%.