Western Europe business travel spending to rise 3.4% in 2014

Business travel spending in the UK, Germany, France, Italy and Spain is set to grow by 3.4% to £114bn during 2014, according to the latest forecast from the Global Business Travel Association.

Western Europe business travel spending to rise 3.4% in 2014
Western Europe business travel spending to rise 3.4% in 2014
It says this projected gain would be the largest in Western Europe since the recession. Travel spending across the five markets is expected to be essentially flat this year.

The GBTA BTI Outllook – Western Europe report predicts that the UK’s total business travel spending, which is the second highest in Western Europe behind Germany, will increase by 1.6% this year to £25.7bn. It suggests spending will continue to pick up pace in 2014, advancing by 2.9%.

Spain, Italy and France will see their business travel markets contract in 2013, however, with the biggest decrease – of 6.7% – coming in Spain. 

Catherine McGavock, regional director for Europe for GBTA, said: "After six consecutive quarters of decline, Europe has finally turned the corner.

"Challenges remain but we cannot ignore the economic progress that has been made and the impact that this will have on both domestic and international travel across Western Europe. Next year we can expect to see the largest annual growth in business travel spending in more than six years." 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Brisbane lands Flight Centre's Global Gathering

Brisbane lands Flight Centre's Global Gathering

Brisbane has been selected to host one of the world's largest travel industry conferences, bringing a (AUD) $7 million economic boost.

Expert reveals UK's top 7 steam railway journeys

Expert reveals UK's top 7 steam railway journeys

Vintage trains in Scotland, England and Wales all make the list, offering groups a quirky and luxurious way to travel.

10 destinations to reach without flying

10 destinations to reach without flying

A list of places that can be reached using greener alternatives to air travel.

Business traveller habits revealed in new research

Business traveller habits revealed in new research

Smartphones are having a significant impact on business travel, according to a CWT poll.

The rise of the 'super incentive'

The rise of the 'super incentive'

In a crowded market, a new level of incentive trip can make you stand out from the crowd, says TAG's Sam Robson.

'Stress and burnout' are challenges we need to tackle

'Stress and burnout' are challenges we need to tackle

Event Concept's Jo Higgs explains why looking after your people is so important and how training mental health first-aiders could help.

Case study: Leon Winter Award Celebration

Case study: Leon Winter Award Celebration

The event at Hawker House in London tied in perfectly with the fast-food chain's innovative approach.

Events budgets rose in second-quarter, says Bellwether Report

Events budgets rose in second-quarter, says Bellwether Report

While wider marketing budgets flatlined in the second quarter of 2019, events bucked the trend.

Seven Events welcomes two new faces

Seven Events welcomes two new faces

Agency brings in client development manager and event executive to London and Birmingham offices.

How sustainable do UK delegates want to be?

How sustainable do UK delegates want to be?

Survey reveals how concerned Brits really are about their environmental impact when travelling overseas.

LATEST JOBS