WTTC predicts business travel upturn in 2003

The impact of 11 September left worldwide business travel down by 3.49% in 2001, but growth is expected after the end of this year, according to the World Travel & Tourism Council (WTTC). Research released last month predicts that business travel will be down 3.95% this year, but a positive recovery of 3.4% per annum will occur for the next ten years from 2003. "The industry has reacted positively and swiftly by cutting costs and so on," said WTTC president Jean-Claude Baumgarten. "2002 is dedicated to stabilisation and recovery."

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