Interviewed by Justin Cooke

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.