Business Travel Spending Rebounds, Hits Record

Max Power/Fuse/Thinkstock
Max Power/Fuse/Thinkstock

(NEW YORK) — Business travel is booming.

According to forecasts from the Global Business Travel Association, corporate travel increased to a record $292 billion in 2014. This year, it’s expected to top $300 billion.

By comparison, spending on business travel dipped in 2012 and remained neutral in 2013.

The strengthening economy and efforts to further capture global business are being credited for the turnaround.

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