Business travel in the U.S. is expected to suffer a 1.6 percent reduction in the number of trips for 2012, according to data released by the Global Business Travel Association (GBTA).
The trade association predicts the number of business trips will slip to 438.1 million from 445 million of 2011.
Despite the reduction of number of business trips, business travel spend is expected to record a 2.6 percent increase, due to the rising cost of travel.
While companies aren’t cutting their business travel spend, they are cautious about the trips they are planning.
Europe’s economic troubles, slowing growth in China and high unemployment in the U.S. are expected to impact negatively on international business travel for the rest of 2012 and 2013.