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by Loren Edelstein | August 11, 2010

Business travel spend is projected to total $895 billion this year, according to research by American Express and the NBTA Foundation. That represents a 6 percent rise over 2009. Last year, the global business travel market contracted by 9 percent vs. 2008, Amex officials revealed during an NBTA press conference in Houston on Monday. Analysts expect steady and significant growth in the coming years, with an 8 percent year-over-year rise predicted in 2011, another 9 percent in 2012 and a further 7 percent growth in 2013.