Training trips to be the least affected by the crisis
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The Association of Corporate Travel Executives (ACTE) has done a survey which predicts that in 2009, business travel will take place with less frequency and each trip will involve lower budgets than before.
Susan Gurley, executive ACTE director, said that 36% of the surveyed companies plan to spend more on business trips next year, 33% will spend less and 31% will spend the same as last year. The problem, according to her, is that even companies that say they will spend the same money will travel less, because the cost of the trip is higher. Besides, “even those who said they will spend more money might not be able to do it because of the cost increase”. The reason for those who will reduce business travel is the economic uncertainty and rising fuel costs.
According to Susan 39% will reduce internal meetings, 31% will reduce travel business in general, 16% will reduce international travel, and 9% training travels.
