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Going Over ‘Fiscal Cliff’ Good and Bad for Business Travel

From Travel Weekly
Going Over ‘Fiscal Cliff’ Good and Bad for Business Travel
Spending on U.S. business travel would fall $20 billion over nine quarters if the U.S. economy goes over the “fiscal cliff,” according to a Global Business Travel Association report.

However, going over the cliff would benefit business travel in the long term, the GBTA said.

“The elimination of tax cuts and reductions in federal spending would lead to reduced deficits and lower interest rates over the long run, resulting in business travel spending and an overall economy that grows more quickly after absorbing the shock of the fiscal cliff,” the GBTA said. Click here for the full story.


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