In a hopeful sign about the sluggish global economy, travel agents anticipate business bookings to increase by three to five percent in 2012, compared to a year ago, according to an annual business-travel trends survey.
"People are being smarter about the numbers of trips they are taking, but they not pulling back," says David Holyoke, president of Travel Leaders Corporate, which released the survey Tuesday.
Holyoke adds that corporations are being more selective, utilizing different methods such as video conferencing but still "making that investment in business travel when it relates to growth."
The survey also found that many American corporate travelers are purchasing more “front of the plane” — business or first class — seats in 2012.
According to the survey, almost 60 percent of the travel agents polled said that a 11 percent or more of their client bookings are in first or business class, almost double the percentage of respondents from last year.