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U.S. Business Travel Spending To Rise More Than Previously Forecast

Excerpt from NBC News

Jan 16, 2014 6:00 am

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International travel is stimulating a greater than expected increase in U.S. business travel spend.

— Dennis Schaal

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Optimistic the economy will continue to improve, U.S. business travel spending is expected to climb more than earlier forecasts, boosted by an increase in outbound international travel, mainly to Western Europe.

The new Global Business Travel Association quarterly report, released Wednesday, predicts U.S.business travel spending will rise 6.6 percent to $289.8 billion in 2014, up from a 3.8 percent growth rate in 2013. Looking at just international travel spending, the increase is expected to hit 12.5 percent (to $36.7 billion), which followed a 1.8 percent growth rate in 2013 and a mere 0.8 percent rise in 2012.

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