Are you working on next year's budget, but not sure you can get any buy in from company execs that taking part in meetings and events is still worthwhile? Take a cue from the U.S. Travel Association, who compiled a list of talking points for illustrating the benefits of business travel, based on the recent Oxford Economics study.
Business travel results in revenue and profit growth. Why not point out to your organization's leaders:
• Research shows that for every dollar invested in business travel, businesses benefit from an average of $12.50 in increased revenue and $3.80 in new profits.
• The average U.S. business would forfeit 17 percent of its profits in the first year of eliminating business travel. It would take three years for these profits to recover.
• Investing in business travel gains market share from competitors who restrict their employees from face-to-face interaction.
• More than ever, taking the time to meet your customers face-to-face, sharing best practices and incentivizing employees can strengthen your business and speed your recovery.
Read more tips at ustravel.org.
Business travel results in revenue and profit growth. Why not point out to your organization's leaders:
• Research shows that for every dollar invested in business travel, businesses benefit from an average of $12.50 in increased revenue and $3.80 in new profits.
• The average U.S. business would forfeit 17 percent of its profits in the first year of eliminating business travel. It would take three years for these profits to recover.
• Investing in business travel gains market share from competitors who restrict their employees from face-to-face interaction.
• More than ever, taking the time to meet your customers face-to-face, sharing best practices and incentivizing employees can strengthen your business and speed your recovery.
Read more tips at ustravel.org.
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