October 1, 2010
A new survey reveals corporate travel budgets increased by 5.5 per cent this year, but not because more trips are being planned.
Rather, the latest survey conducted by The National Business Travel Association says travel budgets are up because airlines and hotels are offering fewer discounted rates.
The majority of the 170 North American corporate travel managers surveyed said they expect budgets to increase by an additional 4.5 per cent in 2011.
In addition, 72 per cent of managers believe the business travel industry is better today compared to one year ago, and 63 per cent believe it will improve over the next 12 months.
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