ACTE Survey Documents Corporate Travel Cut-Backs

(Tampa, FL, USA, April 23, 2001)--The Association of Corporate Travel Executives (ACTE) provided results of a conference survey on the effect of the economic slowdown on business travel. The survey was conducted during ACTE's Global Spring 2001 Conference in Tampa, Florida and generally indicated that business travel is being cut back.

43% of corporate attendees responded that their companies had made a decision to cut back on business travel. 72% of the supplier attendance reported their corporate customers had cut back on travel. Suppliers quantified the customer travel drop-off in the range of 6-10% over 2000 figures. When asked where the ax had fallen, corporates responded that 41% of cutbacks were in the area of internal travel, with international travel the second largest affected area. Further, seventy-nine percent of the corporates reported that cutbacks were applied to their company's business travelers on a global basis.

Survey responses from 45% of the corporates regarding the basis of their corporations' decision to cut back on travel indicated the cutback was in response to real earnings shortfalls, while 55% said it was premised on the threat of earnings shortfall.

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Founded in 1988, the Association of Corporate Travel Executives is the only organization wholly dedicated to the science of business travel management with an international constituency. ACTE membership totals more than 2,400, including entities in Asia, Europe, Canada and the United States. The organization is headquartered in Alexandria, Va., and its web site is www.acte.org.