Business travel is good for business
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According to a new survey by IHS Global Insight, business travel is a great way to increase sales and profitability. Companies can get a return on investment of over 15$ for every 1$ spent on these trips. Logically, the survey also says that cutting down on business travel during the recession could be bad for business.
“Executives know from experience that travel facilitates the types of exchanges that help keep clients, gain new business and make employees more effective, but making the business case for travel has been challenging without supporting data,” NBTA Research Consultant Kenneth McGill said in a statement. “Now for the first time the discussions around travel budgets will be informed with research establishing the link between business travel and profits.”
