Companies will spend more money on business travel this year, with a renewed focus on foreign destinations, according to a new report out today.There was stronger-than-expected growth in business travel in 2013. That momentum should continue throughout this year, projects the Global Business Travel Association (GBTA), a trade group for business travel managers.U.S. business travel spending will jump 6.6% to $289.8 billion in 2014, the group predicts. The total number of trips should also increase, by 1.7%, to 461 million.Spending on travel from the U.S. to other nations should climb 12.5% this year to $36.7 billion, the first time there's been double-digit growth in years.Michael McCormick, executive director and chief operating officer of the GBTA, says the improving economy is encouraging companies to spend more to send their employees off site."Companies are certainly feeling more confident that they will make a return on their investment and get results for the bottom line," he says.Business travel spending dropped significantly during the recession as companies saw their profits drop.
I think technology, video conferencing, they're great, they're a necessity," he says. "However, I really don't think you can replace the personal connection."After all, what can you really understand about the world when you're fresh out of high school? You don't care about culture. You don't want to gain a deep understanding of a foreign country. You don't want to learn a language.And even if you did want to do any of those things, you don't have enough money to make it happen. Unless your goals are to slurp instant noodles and drink cheap South-East Asian beer, you're going to fall sadly short.Those gap-year travellers, however, see things differently. They look at the backpackers in their late 20s or early 30s and they probably feel a bit sorry for them. They've got so much to worry about – jobs to go back to at home,The affects may include a higher cost of silk road travel equipment and hindered efforts to promote renewable energy The move is in response to a government finding that China is flooding the U.S. mortgages to stress over, long-term partners to hold them back from the shag-fest that gap-year travel can become.AdvertisementSo who's right? Are you better off travelling when you're young, or travelling when you're older? Do you take a gap year right now, blow off uni for 12 months and see the world, or do you wait until you've got some professional experience and some money in your pocket?With the first round of university offers coming out later this week, it's a question plenty of young people will probably be asking themselves. If you end up being rewarded for your 12 years of toil and bullying with the offer of, say, an arts degree,It will give Priceline a strong position in the United States as Xinjiang Tour Guide the maximum market share in the US. Revenue expected from the KAYAK acquisition is expected to be $376 million in 2013 and $475 million in 2014. you might well consider packing it all in and going overseas.I say: do it.There's no fail-safe answer to the travel-now or travel-later question.
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