Foreign Travelers, Group Trips to Boost U.S. Business Travel Spend in 2014
As passengers wait in a security line, left, a CLEAR passenger passes quickly through the CLEAR checkpoint, right, at San Francisco International Airport, May 31, 2012. John Green / Contra Costa Times
The calculations look past the temporary shutdown slump and focus on broader trends that indicate increased confidence in the economy leads to larger group trips and longer trips from overseas colleagues.
Excerpt from USA Today
Spending on business travel is expected to rebound next year, according to a new forecast from the Global Business Travel Association. But the partial shutdown of the federal government is already having a chilling effect, and could weaken the projected bounce.
Spending by U.S. businesses is expected to increase by 7.2% next year, to $288.8 billion, with the number of trips taken inching up by 1.6% to 459.2 million.