Survey: business cutbacks permanent
Cutbacks in business travel are here to say, say respondents to the 2004 US Business Travel Survey.
The Survey prepared by the Business Travel Coalition found an overwhelming number, 94%, thought the cutbacks are permanent.
Fifty-two percent predicted that air transportation budgets would be flat, or lower than 2004.
Other findings:
• Average one-way airfares fell 30% from 2000 to 2004.
• Seventy percent of respondents predicted increased use of low-fare airlines in 2005.
• Another 72% predicted increased use of technological alternatives to air travel.
The survey involved 112 diverse corporations, according to the Coalition.
Report by David Wilkening
David
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