Corporate travel is downgraded

ACTE (Association of Corporate Travel Executives) chose last week’s introductory Business Travel Market to publish a survey confirming the obvious regarding cutbacks but putting clear markers down.  According to the organisation, which serves more than 6,000 executives in over 80 countries, 79.2% of executives are making greater use of conference call and various electronic communications; 67.9% of the buyers have cut back in the number of approved trips; 66% reported that they now book further in advance for lower cost options and 49.1% said class of travel had been downgraded.  Only 7.5% reported a total travel ban, although 26.4% reported a travel ban for non-revenue generating trips.  Other cutbacks mentioned included holding same day meetings to avoid overnight stays, shorter stays, multiple meetings in the same trip, greater use of low cost airlines and public transport and a reduction in the use of limos and taxis. www.acte.org

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