Over 70% of companies intend to reduce their travel budgets or keep them at present levels in 2009, according to a study by American Express.
The travel management company said its annual barometer, Business Travel EMEA, showed travel policies are being tightened across the board.
On average, respondents said they would be cutting their budgets by 12%.
In Britain 32% of budgets are being revised downwards, while in northern Europe, Belgium and France the figures were 24%, 19% and 17% respectively.
Just over 60% of companies surveyed said they have increased the use of videoconferencing.
By Bev Fearis
