Business Travel: A Sound Investment
U.S. businesses spent more than $200 billion on business-related travel in 2008. In a new study, Oxford Economics USA illustrates how much companies stand to gain when workers travel for meetings, conventions, training or as an incentive for performance. The Return on Investment of U.S. Business Travel study found that for every dollar spent on business travel, companies realize $12.50 in incremental value and $3.80 in profits.