The majority of nearly 500 senior finance executives surveyed worldwide intend to maintain or increase business travel spending in 2010, according to the American Express/CFO Research Global Business & Spending Monitor.
That majority reflects 57 percent of all respondents. More than one-quarter, or 26 percent, said they will increase business travel spending this year. Many of the executives surveyed added that their companies will make it easier to get back on the road: 27 percent said they would relax spending policies for travel that involves meeting new clients or business development. About one-third of respondents indicated they would restrict travel for staff meetings or internal business this year, down from 81 percent in 2009. Just 35 percent said they would restrict travel to conferences and events this year, a drop from 79 percent last year.
