Association Events

Slow and steady is the motto for business travel next year, according to a recent survey by the National Business Travel Association. According to its 2010 Business Travel Buyers' Cost Forecast of 180 direct corporate travel buyers, 69 percent of respondents expect to see business travel volume "grow slowly" throughout 2010.

For meetings, 58 percent of respondents said that reducing the number of meetings is one of their measures to cut costs in 2010. However, on the bright side, this percentage is much lower than last year, when 85 percent said they would be cutting meetings.

To save money, travel buyers also cited auditing travel and entertainment expenses (84 percent), enforcing travel policies (77 percent), mandating online booking (76 percent), and reducing nonessential travel (71 percent) as their cost-cutting measures. Just over half of respondents—more than twice as many as last year—also said they would start implementing Strategic Meetings Management programs for their meeting in 2010.