According to recent survey sponsored by Cambria Suites, “the recession may be over, but business travelers still feel the effects of a sluggish economy…”
“More than one third of respondents said that fewer employees are allowed to travel to meetings than a year ago. About a quarter of respondents say more of their business trips have daily spending limits than a year ago and 23% of respondents report staying less frequently at full-service or luxury hotels.
More than four of every 10 travelers surveyed report their business travel expense reports are “more closely scrutinized.” Two of every five say they’ve been encouraged to spend less per day on business trips, and there is greater scrutiny of “outcomes emanating from business trips.”
Despite companies’ efforts to reduce travel expenses, the travelers surveyed emphasized the importance of business travel. Nearly eight of 10 agree or strongly agree that business travel helps their companies grow and face-to-face meetings are necessary for “doing business successfully.””
For additional on the survey results and the forecast for business travel through 2012, read the full article online at USA Today.