Government shutdown worries business travel industry
Monday, October 14, 2013
Traveling is an integral part of business or many professionals around the U.S., and as the government shutdown pushed through its 11th day, many people in businses travel industry are concerned about the impact it could have on their company. A recent study conducted by the Global Business Travel Association found that 66 percent of business travel professionals say the shutdown will likely negatively impact their operation.
The shutdown has caused concerns in a wide variety of areas for those in the business travel sector. For instance, 57 percent of respondents cited canceled meetings or business opportunities in the U.S. as their biggest worry, while 50 percent of business travel professionals said they were cornered with canceled bookings. Delayed contracts with government agencies, reduced business activities and issues surrounding air traffic controllers are also near the top of the list.
"With two-thirds of our members concerned that the shutdown is negatively impacting their businesses, the wide-ranging impact on this industry is clear," GBTA Executive Director and COO Michael W. McCormick said in a statement. "This uncertainty hurts employee morale, holds back business growth and, if not stopped, can easily deliver a serious blow to the overall global economy."
Those on an extended corporate stay are not the only travelers affected by the shutdown. Many popular tourist destinations across the U.S. have been shuttered as a result of the impasse.