Oxford Economics News

Studies show clear benefits of business travel

Studies show clear benefits of business travel

17th Sep 2009 Tourism News

Two important travel industry studies have shown that deep cuts in travel can harm a company’s bottom line. Oxford Economics, in a study released this week found that each dollar spent on travel by a U.S. company can expect an average profit boost of $3.80. Meanwhile, a study from IHS Global Insight estimates that U.S. companies could miss out on $193 billion in profit for 2009 because they cut too deeply into business travel.