A new survey conducted by MMGY Global found that business travel intentions are on the rise in the U.S. According to the source, 30 percent of U.S. adults are planning to take at least one business trip by the end of 2014, a seven-year high.
The results of the survey also showed that business travel intentions are up seven points from the same time period in 2013.
MMGY Global found that seven in 10 adults plan to go on at least one leisure trip between June and December 2014. Traveler’s pocketbooks are also opening, as spending on leisure travel is expected to increase by as much as 4 percent from now until October 2014.
The source stated that travel sentiment is rising during the 2014 peak summer travel season and is up eight points from February 2014 to an index reading of 114. The Traveler Sentiment Index is at its highest level since it was first published before the Great Recession in 2007.
Interest in and time for travel as well as personal finances, affordability and safety of travel all saw increases in the index’s variables. The variable that experienced the largest increase was the affordability of travel, which rose by 11 points since February 2014. Personal finances available for travel were also up by 15 points, showing that along with the recovering economy, U.S. travelers are more confident about their overall financial conditions.