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Article: Travel Business News - North America.
- Article from:
- AirGuide Business
- Article date:
- October 19, 2009
CopyrightCOPYRIGHT 2009 Pyramid Media Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Oct 18, 2009
Matt Bush, a human resources executive, estimates his travel budget will jump 30% in 2010. During any other year, that might signal a business boom. But few things seem normal in a year when the travel industry has been turned upside down by companies severely cutting back. Bush's double-digit increase will follow a 50% cut in his original 2009 budget. In 2010, he plans to log about 15 trips, up from nine this year. "There is a fundamental reset of what 'normal' looks like," Bush says. "And it's less than what we were used to." A similar refrain is echoing throughout the travel industry, which hopes for anything but a repeat of this year. With U.S. ...