U.S. companies are forecast to spend 5 percent more on travel in 2011 than they did last year a sign of confidence in the economy that is giving a boost to airlines, hotels and rental-car companies. That's double the growth rate from 2010, which followed two years of decline. Last year's bump in business travel companies spent an estimated $228 billion helped U.S. airlines post their first collective profit in three years.
Wednesday, February 16, 2011
Travel Fact
U.S. companies are forecast to spend 5 percent more on travel in 2011 than they did last year a sign of confidence in the economy that is giving a boost to airlines, hotels and rental-car companies. That's double the growth rate from 2010, which followed two years of decline. Last year's bump in business travel companies spent an estimated $228 billion helped U.S. airlines post their first collective profit in three years.
