Travel to grow nearly 4% in 2014, according to WTM

The World Travel Market (WTM) Global Trends Report predicts a 3.8% growth in GDP for travel in 2014, which will mainly be driven by spending growth from the BRIC countries.

World Travel Market at Excel London
World Travel Market at Excel London

The report, revealed at the four-day WTM, also highlighted an emerging trend seeing corporate travellers booking 'micro-stays' in hotel rooms during off-peak hours. Prices are up to 70% cheaper than for overnight stays. The UK and US currently lead the way in this market but hotels in western Europe are expected to follow suit.

Other news breaking at WTM included an annoucement by Onyx Hospitality Group of the completion of a £2.5m refurbishment project at its Amari Watergate Hotel in Bangkok. The money was spent on upgrading the facilities of its 1,000 square metre ballroom and three meeting rooms. The group also announed the forthcoming opening in March 2014 of a 170-room hotel in Columbo, Sri Lanka, as part of its Ozo brand. The hotel will be pitched at corporate travellers with meeting facilties and break out rooms on site. Onyx, which currently has 32 hotels under four brands, including Ozo,  plans to have a porfolio of 51 hotels by 2018.

Elsewhere, Don Welsh, chief executive of Choose Chicago, said that in early 2014, Chicago plans to break ground for a 10,000 seat arena and an attached 550-room hotel, as well as a 1,200-room Mariott Marquis hotel across from the exitisting McCormick Place convention centre. The new buildings are due to be completed by 2017.

Meanwhile, Visit England says the surge in 'staycation' figures this summer - up 9% on July 2012 - due to good weather could lead to more corporate groups booking UK desitinations in 2014.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
What will be the top destinations for events and incentives in 2020?

What will be the top destinations for events and incentives in 2020?

Global DMC Partners reveals 2019 destination rankings as well as its hotlist for next year.

Avantgarde London hires creative duo

Avantgarde London hires creative duo

The agency's new creative team has worked with clients including BMW, Oreo, Visa and HSBC.

Case study: Mercedes-Benz Vans roadshow

Case study: Mercedes-Benz Vans roadshow

Immersive roadshow uses an expanding, custom-built trailer to house VR, AR and MR experiences.

Hire Space Awards 2019 winners: The full list

Hire Space Awards 2019 winners: The full list

Comedian Robin Morgan led the ceremony at the National Gallery recognising the UK's best venues and event organisers.

15 entertainment ideas for corporate events

15 entertainment ideas for corporate events

All ideas should be sensory, memorable and participatory, says Mauri Gomez of Eventos Barcelona.

LinkedIn launches face-to-face meetings tool

LinkedIn launches face-to-face meetings tool

Online networking platform's event-organising feature marks its first step into the physical meetings market.

Why wellness isn't just for delegates

Why wellness isn't just for delegates

From taking time to see the sights to apps that help your sleep patterns, Top Banana's Ian Cooke has some wellbeing tips.

7 lessons for event planners from... Brexit

7 lessons for event planners from... Brexit

We asked industry figures what the Brexit process has taught them about planning and executing big events.

Inntel hires new head of business travel

Inntel hires new head of business travel

Senior appointment will manage business travel operations teams and mentor the agency's business travel consultants.

5 ways to bounce back from travel sickness

5 ways to bounce back from travel sickness

Wellness expert John Ayo shares his health tips to make sure you and your event don't have to suffer.

LATEST JOBS