Most CEOs plan to increase their travel budgets this year, as the C-suite sees business travel as valuable not only for revenue generation but for employee morale, according to a TravelPerk-commissioned report published on Thursday.
The Value of Business Travel Report—which included 2,000 company decision-makers outside TravelPerk’s customer base, 540 of whom were C-suite leaders, along with 4,600 business travelers and 625 travel managers and admins within the TravelPerk customer base—showed that 62 percent of CEOs expect a year-over-year increase of their travel budgets.
U.S. companies were the most bullish in the survey, with 61 percent of companies planning to increase budgets. Less than half of European companies said the same,…