Oxford Economics' Return on Investment of U.S. Business Travel study measures relationship between business travel and business growth

Distributed September 2009

U.S. companies spent more than $200 billion on business travel in 2008, representing a fraction of their revenue and expenses. But, during economically challenging times and in the glare of scrutiny on corporate travel, what do businesses gain by investing in face-to-face client meetings, participation in conferences and trade shows, and development of human capital?

The Return on Investment of U.S. Business Travel, a study by Oxford Economics USA, establishes the bottom-line value of business travel, especially when workers travel for meetings, conventions and exhibitions, training and incentive programs.

Travel as a core component of a successful business strategy is confirmed in Oxford's report: for every dollar invested in business travel, companies realize $12.50 in incremental revenue and $3.80 in new profits. Curbing business travel can also reduce a company's profits for years.

For corporate budget planners and policymakers, this analysis provides a benchmark defining how business travel in America is inextricably linked to profits and growth.

Use the toolkit below to help you share the word on the ROI of business travel with media, community leaders and business executives.

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