Cutting business travel hurts profits

Interesting news story in USA Today, of all places, about how cutting business travel can hurt profits. That's according to research that was commissioned by the National Business Travel Association and American Express Business Travel (both in the US), and which was reportedly culled from data from both government and private sources in 15 industries over the nine years up to 2007.

Adds weight to my argument (my blog, passim) about video-conferencing not being a replacement for a good deal of business travel -- see this posting for more.