Business insurance customers are reducing the amount they travel because of the current economic climate, it has been claimed.
Philip Carlisle, chief executive at the Guild of Travel Management Companies (GTMC), explained: "When people are trying to cut back, whether it is the right thing to do or not, business travel tends to be one thing people tend to cut back on."
The expert pointed out that travel is problematic, as business insurance customers find it difficult to generate a return on investment from the activity.
Mr Carlisle claimed that business insurance holders are tending to maintain travel to see new clients or retain difficult ones and cut that for visiting customers who are happy.
Recent figures from the GTMC revealed that business travel has fallen by six per cent in the first quarter of 2009 compared to the same period last year.
In addition, the ACTE/KDS Business Travel Industry Under Siege: Crisis Power survey discovered that 28 per cent of corporate travel departments have to report to management about carbon emissions performance.
