Economic uncertainty hurts business travel
Companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy.
Americans are expected to take 438.1 million business trips this year, down 2 percent from last year, the Global Business Travel Association said Tuesday. Overall business travel spending is expected to be up 2.6 percent, but that's only because trips are more expensive.
The group cites a lack of significant job creation in the sectors that would spur business travel and worries about whether a package of steep tax increases and sharp government spending cuts can be avoided as major factors hurting business travel plans.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Pittsburgh angles to keep Heinz headquarters in merger
- Michigan man takes Heinz to court over Dip & Squeeze ketchup packet
- Stop foreign dumping, U.S. Steel CEO Longhi tells Congress
- Pa. Gas & Electric agrees to $6.8 million settlement of polar vortex claims
- Toyota to carry new attitude into production
- Federal government eyes regulation of payday lending
- Federal Trade Commission cracks down on crooked vehicle sales
- Energy Department OKs loan of $259M to Alcoa to promote clean energy
- One secret Facebook doesn’t want you to know
- Highmark delays payment to UPMC over in-network issue
- Court approves LightSquared’s bankruptcy exit plan