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Their client, an association that serves disabled veterans, selected Atlantic City for their 2023 convention location, an event that, for many attendees, is the only time they travel each year. The ADA was only passed in 1990 in the United States, and the EAA was enacted in 2019.
In 2019, companies spent over $111.7 billion on business travel. Of course, the frequency of business travel has ebbed and flowed a bit since 2020 with the uncertainty of the pandemic, but one thing remains the same: Business travel expenses affect the bottom line. That’s where T&E policies come into play.
As US airlines also expect, the group said businesses are likely to spend more on travel that cannot be duplicated with online meetings such as sales calls and service trips. The proportion of companies’ travel budget spent on internal meetings is estimated to decline 6%, compared with 2019, the group said.
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