Economic uncertainty hurts business travel
By The Associated Press
Published: Wednesday, October 10, 2012, 12:01 a.m.
Updated: Tuesday, February 19, 2013
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.
- Automated teller machine fees up 20 percent in 5 years
- Federal regulators say Consol can reopen fire-stricken mine
- Web giants likely to battle for music fans’ attention
- PPG Corning bankruptcy plan receives preliminary approval
- Year after IPO, Facebook aims to be ad colossus
- Wall Street catches breath
- Retail sales up on lower gas prices
- Worker mobility heralds economic comeback
- Business incubator AlphaLab shows off fledgling Western Pennsylvania firms
- Hospital profit margins decline in Pittsburgh area
- West Penn Allegheny Health System top earner: CEO who left
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.