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Article updated: 10/9/2012 1:30 PM

Economic uncertainty hurts business travel

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A passenger walks through the south terminal at Miami International Airport in Miami. U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy. Americans are expected to take 438.1 million business trips this year, down 2 percent from last year, the Global Business Travel Association said Tuesday.

Associated Press

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U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy. Americans are expected to take 438.1 million business trips this year, down 2 percent from last year, the Global Business Travel Association said Tuesday. "Corporations are in a wait-and-see mode and holding back on investment decisions that would help boost the economy," said Michael W. McCormick, the trade group's executive director and chief operating officer.
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