TribLIVE

| Business


 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Economic uncertainty hurts business travel

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

Business Photo Galleries

By The Associated Press
Wednesday, Oct. 10, 2012, 12:01 a.m.
 

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.

Subscribe today! Click here for our subscription offers.

 

 
 


Show commenting policy

Most-Read Business Headlines

  1. Highmark lays off nearly 100 workers, mostly in IT, as membership declines
  2. U.S. economic growth revised downward to 2.2%
  3. Mylan closes $5.3B tax-lowering deal with Abbott Labs
  4. Few in Westmoreland County opposed to expansion plan for Mariner pipeline
  5. Rue21 adjusts for tough market
  6. Pa. environmental rules rewrite on shaky track to 2016 deadline
  7. Oilfield employee cutbacks may benefit long-haul trucking
  8. Wolf tax proposal puts Beaver County Shell plant at risk, gas group head says
  9. Western Pa. builders earn top honors for work
  10. Oil stocks drag on Dow, S&P 500; Nasdaq moves closer to record
  11. Rocket firm hired to probe deadly air bags