Business travelers down, costs go up
By The Associated Press
Published: Wednesday, January 9, 2013, 12:01 a.m.
Updated: Tuesday, February 19, 2013
Fewer business travelers are likely to hit the road this year as the travel industry is challenged by corporate America's persistent economic fears.
Business travelers are expected to take 431.8 million trips in 2013, the Global Business Travel Association said Tuesday. The industry trade group had forecast 435 million trips back in July. The latest estimate would mean a 1.1 percent decline from the 436.5 million trips taken in 2012.
Airfare, hotel rooms, meals and car rentals have pushed up the overall price of business travel.
In 2012, business travelers spent $254.9 billion, up 1.6 percent from the prior year. This year, the travel association expects a 4.6 percent increase to $266.7 billion. That's down slightly from the $268.5 billion predicted in July.
- Kovacevic: The smartest man in hockey
- Penguins far from satisfied after Game 2
- Penguins notebook: Malkin makes points run
- Behind Crosby’s hat trick, Penguins sneak past Senators
- Error in 9th allows Pirates to rally past Astros
- Ex-Steelers QB Batch learns new form of 2-minute drill
- Motorcyclist dies after crash in Latrobe
- Senators head home to regroup
- Senators notebook: Penguins’ Bylsma backs MacLean for Adams Award
- Just hold on, 911 officials say of busy signals, but frustrated callers want explanation
- Pirates notebook: NL Central not so soft after all
You must be signed in to add comments
To comment, click the Sign in or sign up at the very top of this page.
Subscribe today! Click here for our subscription offers.