September 2011| See all articles in this issue

More dollars & cents about business travel

According to the U. S. Travel Association:

• Direct spending on business travel by domestic and international travelers, including expenditures on meetings, events and incentive programs (ME&I), totaled $233 billion in 2010.
• Meetings, events and incentive (ME&I) travel accounted for $92 billion of all business travel spending.
• U.S. residents logged 448 million person‑trips (defined as one person on a trip away from home overnight in paid accommodations or on a day or overnight trip to places 50 miles or more one-way away from home) for business purposes in 2010, with more than one-third (35%) for meetings and events.
• For every dollar invested in business travel, businesses benefit from an average of $12.50 in increased revenue and $3.80 in new profits (Oxford Economics).
  
  

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