Categorized | Etcetera

ICELAND VOLCANO HITS BIZ TRAVEL HARD…

Posted on 03 May 2010

The Icelandic volcano, whose name no one can pronounce, made a pronounced impact on business travel last month. More than 80% of the 234 businesses worldwide surveyed by the National Business Travelers Association said they had employees either stranded or delayed because the volcano’s eruption grounded thousands of flights into and out of Europe. In all, more than 310,000 business travelers were stuck away from home, costing each company an average of nearly $200,000 in unexpected travel expenses, according to the survey. The association also said the volcano forced the cancellation of nearly 5,600 corporate meetings and more than 165,000 total trips.

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