Business travel spend is set to increase during 2011, according to a new survey from Association of Corporate Travel Executive (ACTE). The association’s latest Travel Spend Survey showed that 64% of European respondents are expecting 5-15% greater spend in 2011, as well as 70% of US companies. In addition, 66% of European ACTE members and 60% US are expecting their employees to travel more in 2011. “Business travel has always been held up as a key performance indicator of any economy and the findings from the ACTE survey of members shows clearly that economic performance may well move ahead, across the globe, next year,” said ACTE President Chris Crowley. “We intend to monitor our members, and their confidence, booking trends and general travel expenditure closely over the coming months as we watch the recovery of the World economy as business people increase their travelling and international trade picks up”.