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Canadian business travel on the upswing
The outlook next year for business travel in Canada: sunny.
Business travel in Canada will be up next year across the board, reports the Business Travel Overview and 2007 Cost Forecast.
The report from the Canadian Alliance of Business Travel found:
• Eighty percent of respondents said their firms’ business travel expenditures would increase in 2007 over 2006.
• Forty percent more expect to take more individual business trips in 2007 than in 2006.
• A majority or 65% said they will maintain or increase the number of individual business travels, while 60% said they would have more meetings.
Said Tanya Racz, CCTE, president of the Canadian Alliance:
“The continued growth indicators show that business travel remains an integral component of Canadian companies’ success plans. The slight leveling of that growth points to steps travel managers are taking to contain costs in an expensive travel market.”
In other findings:
The majority of Canadian travel managers expect increases in 2007 in domestic airfares (80%), trans-border airfares (72%), international airfares (80%), and hotel rates (80%).
For the report, the Canadian Alliance surveyed 78 member companies from across Canada of various business classifications with an average annual travel budget of $18.5 million per company.
Report by David Wilkening
David
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