US Companies cut back on staff travel

US COMPANIES are cutting back on staff travel a new study has found.

The National Business Travel Association surveyed 200 companies and found 68% have reduced staff travel because of the economic slow-down in the US and the large costs involved.

The survey also found 60% of companies have tried forming relationships with air and hotel suppliers to reduce costs and 49% will institute restrictive travel policies until the end of the year if not longer.