Business travel can help the bottom line, studies suggest. Take a trip, boost the bottom line.
L.A. Times, Business Section 9/19/2009:
Worth the cost: “Spending on business travel can increase company profits, two studies suggest.”
Jump on a jet for that next business meeting and you may be doing more than pocketing free peanuts. That is the message from two studies released this week that claim a direct tie between spending on business travel and increased company profits.
The U.S. Travel Assn. study based on surveys and “econometric analysis” from the last 13 years, concluded that for every dollar investment in business travel, companies can generate an average of $12.50 in revenue and $3.80 in profit.
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