Corporations Eyeing More Travel Cost Cutting for 2002

According to a survey of more than 220 travel managers conducted by the National Business Travel Association this month, 74 percent of the U.S. companies surveyed are continuing to seek out new travel cost-cutting measures for 2002. And the bad news for the hospitality industry is that the most-targeted areas include air (58 percent) and hotel expenditures (57 percent). Survey respondents also mentioned videoconferencing, an increased use of corporate and charter planes, and online booking as