Forecast: Business travel spending to rise 5.1% this year

04/10/2013 | Los Angeles Times (tiered subscription model)

Spending on business travel is predicted to rise by 5.1% this year, according to the Global Business Travel Association. "While there are still many factors that could hamper the economy again, from the impact of sequestration to rising energy prices, business travel spending is heading in the right direction so far in 2013," said Michael McCormick, executive director of the association.

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