United Kingdom
United States
Asia Pacific
Spiraling fuel costs cutting into business travel
Friday, 03 May, 2006
0
The impact of record fuel prices has gone beyond airlines and car travelers to spread to business, according to a survey by the National Business Travel Association (NBTA).
Some businesses have started to adjust their 2007 travel budgets, said the survey of 1,700 corporate travel managers.
If airfares remain at the same level or increase, 43% of the travel managers in the survey said they would have to adjust their travel budgets. One-third of the companies said they were requiring less air travel.
“Every company approaches reaching these savings differently to reach their business goals as rates continue to go up,” said Caleb Tiller, NBTA spokesman.
Even non-profits are struggling with the higher costs.
Report by David Wilkening
Related News Stories:
David
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Storm Lilian travel chaos as bank holiday flights cancelled