The U.S. Department of Commerce is in the process, thanks to a $500,000 grant from Congress, of setting up a system to track the contributions that travel and tourism make to the overall U.S. economy. This will enable official comparisons with other industry sectors to be made on an apples-to-apples basis, using the same National Income account structure that configures gross domestic product. SNEWS® View: This is something the travel industry has been clamoring for and will prove useful to companies and industry sectors seeking facts and numbers instead of theory and conjecture.
Did you hear?... Business Travel Coalition releases its annual U.S. Business Travel Survey
The Business Travel Coalition has released its annual U.S. Business Travel Survey. Major findings include that: 1) business travel will decline further in 2002; 2) many corporate cutbacks in travel are permanent; 3) business airfare levels are perceived as too high; 4) ...read more