The availability of cheaper alternatives to in-person meetings may be affecting the business travel industry.
A report released Tuesday by the Travel Leaders Group indicates that anticipated growth in the business travel industry is down 9 percent, while the percentage of those who think bookings will slow down has increased over last year.
The survey queried 1,316 travel agents with a business travel component. While 40.2 percent of the agencies anticipated steady bookings, 6.6 percent predicted a decline — up from 4.9 percent — and 36.6 percent anticipated increased bookings — down from 45.5 percent.
For business clients, the primary concern around travel was delayed flights.
