The Global Business Travel Association Foundation is predicting that business travel spending will increase 9.2% in 2011 and surpass $1 trillion. Some of the growth is because of increased traveling and some because of vendor price increases. The increased cost of fuel has driven airline ticket prices up during 2011. You can view the Business Travel News article here.
Christopherson Business Travel is currently tracking at a 20% sales increase in 2011, as compared to 2010. The difference between our growth and the business travel industry growth is primarily because of market share gains.