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Companies have dough in the travel budget again

With the economy continuing its post-recession rebound, companies are opening their wallets for work-related travel once more.

By Dan Cook | Updated on July 08, 2014
Photo: Associated Press

With the economy continuing its post-recession rebound, companies are opening their wallets for work-related travel once more.

A report from the Global Business Travel Association says that, while business travel was up 3 percent last year compared to 2012, business spending on travel jumped 7.6 percent during the first quarter of 2014. The dollar figures are impressive: $71.2 billion in 1Q14, and a projected $292.3 billion by the end of this year. Those travelers support 7.1 million workers who tend to their care and feeding, the travel association says.

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Dan Cook

Dan Cook

Dan Cook is a journalist and communications consultant based in Portland, OR. During his journalism career he has been a reporter and editor for a variety of media companies, including American Lawyer Media, BusinessWeek, Newhouse Newspapers, Knight-Ridder, Time Inc., and Reuters. He specializes in health care and insurance related coverage for BenefitsPRO.

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