MEDIA WATCH: Is Business Travel Slowing? Yes, No and Both

"Business travel accounts for about $165 billion of the roughly $700 billion spent each year on domestic travel," The New York Times reported today in a story about teleconferencing, without citing its source. "Since overall travel began recovering in 2003, spending on business travel has been increasing ... until now. Although no hard data is available, it appears that business travel will be slowing over the next year."