More Travel to Meetings, CFOs Say

CFOs are lightening up on meetings travel spend, finally.

The new American Express/CFO Research Global Business & Spending Monitor found that just 34 percent of 479 respondents will restrict travel for staff meetings this year. That number was 81 percent a year ago! Only 35 percent say they plan to restrict travel to conferences and events, compared to 79 percent in 2009.

The news regarding business travel unrelated to meetings was just as good: 57 percent said they would either maintain or increase spending and 26 percent of respondents

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