U.S. Business Travel is Up

According to a new survey released by Runzheimer International, business travel was up in 2010. The study cites that:

  • 49% of the 70 organizations surveyed are increasing travel expenses in 2010. Of those respondents, 48% reported an increase in the number of domestic trips as the main reason for the rise in costs.
  • Air travel makes up 43% of the travel costs, with 24% dedicated to lodging.
  • Businesses are still keeping cost control a high priority, with 88% controlling costs by encouraging use of preferred vendors, 75% encouraging travel alternatives (web, telephone or video conferencing) and 72% are reducing attendance at conferences and conventions.
  • Business trips have decreased in duration: A two-day trip is the average length reported by 46% of the respondents, while a three-day trip was the average for 40%.
  • 42% of respondents reported that their frequent travelers are on trips between 31 and 75 days each year, which is up from 29% in 2008.

Overall, 2010 has seen an increase in business travel, which means 2011 will likely follow that trend. runzheimer.com (Nov. 19, 2010) [Content provided by Smart Meetings.com]

………………….

The Hilton Los Angeles / Universal City is a leader in offering accommodations and amenities for business travelers. Currently ranked #19 business hotel in Los Angeles on TripAdvisor, the facilities are built to promote productivity within classic comfort.  For reservations, contact 818.506.2500 or visit the hotel online at www.hiltonuniversal.com.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s