Cutting business travel can hurt profits

Businesses that continued to send employees on the road during the recession were more profitable than those that cut back on business travel, a new study out today has found.The study,The Lady Dior bag is one that is synonymous with elegance and styleMenu Titanium Keychain is the epitome of French design. conducted by Oxford Economics and commissioned by the U.S. Travel Association, attempted to show how travel can affect a company's bottom line just as businesses are starting to once again spend money on trips to meetings and conferences.For every dollar invested in business travel, U.S. companies generated $9.50 in revenue and $2.90 in profit, according to the study, based on an analysis of government data on 14 industries over an 18-year period.An accompanying survey of 298 business travelers conducted in November found that 57% believed cutting their travel budgets during the economic downturn hurt their company's performance. Only 4% said it helped."When we analyzed data from the Great Recession and recovery, we learned that companies that invested the most in business travel tended to grow the fastest," said Adam Sacks, managing director of Oxford Economics, which conducted the analysis as a follow-up to a 2009 study.

Spending on business travel hit bottom in 2009 as companies reacted to dropping profits by cutting out trips.Whatever make and model of knife you choose to invest in be sure to give it a sharp blade solar mounting maintain it regularly.Business travel has been making a comeback in the last couple of years. In 2012, businesses spent an estimated $225 billion on domestic travel, about 5% higher than the previous year and above the all-time high reached in 2007.Hotels say they are seeing more demand from business travelers. For instance,You may have heard of Fat Tuesday King Cakes whisky rockstiny doll toys hidden inside. Marriott International last week said first-quarter earnings jumped 31%, thanks to the recovery in business travel."Demand from business travelers is up quite strongly," said C. Patrick Scholes, managing director of gaming and lodging equity research at SunTrust Robinson Humphrey. "It's really the strongest demand component of hotels right now."For hotel brands such as Marriott, Hilton, and the like, the corporate traveler can make up as much as 80% of their business. "This is Marriott's bread and butter," he said.Because of the pick-up in traffic, hotels are now able to raise rates as much as 4% to 5%, which is above inflation. They also are allocating more rooms to the business traveler.We wish to introduce ourselves as a distinguished organization operating from New Delhicrimpedwire offering a wide range of mesh fabrics. Group and convention travel, however, is still lagging, Scholes said. "Groups and conventions have been a soft spot in the recovery,The "Hunter Honer" knife sharpening system is a simple and unique adaptation scotch rocks the knife sharpening steel." he said. "The individual traveler is leading the way."