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‘Companies spending more on business travel’
More than half of companies have reported a rise in their business travel budget this year.
The annual client benchmark survey by BCD Travel shows that 56% of respondents increased their spend, an 11% increase over last year.
The poll of 181 clients of the Travel Management Company also found a 5% rise in globally consolidated business travel programmes over 2005, with North America and Europe dominating the regions for consolidations.
BCD Travel Consulting general manager Mary Ellen George said: “Businesses will continue to struggle with balancing the need to travel with the need to manage costs.
“However, a successful travel programme requires more than making the best of individual programme components, and we expect companies to continue to seek the right means of balancing costs while meeting the increasing demand for business travel.”
Report by Phil Davies
Phil Davies
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