Average business trip cost falls 3.7%, according to CWT

The overall cost of a business trip for CWT's clients fell 3.7% to £451.04 in Q4 2014, according to the agency's business travel industry 'barometer'.

Douglas Anderson, president & CEO of CWT
Douglas Anderson, president & CEO of CWT

The barometer also found that hotel demand had significantly increased, especially on mid-scale categories (+9.5 % for economy and +17.5% for standard), which also showed increased average room rates.

London remains the top destination for hotel bookings in the UK, representing 25% of  domestic bookings and 13% of all bookings. This is despite the fact that the number of bookings in London fell by 16.11% compared to Q4 2013. Aberdeen has had the fastest rate of bookings growth since this period at 18.5%, followed by Birmingham (9.4%) and Manchester (4.2%).

Other findings showed that the luxury sector continues to struggle, with deluxe hotel bookings down by 4% and first-class flight bookings down by 18.4%. Business travellers are also becoming more savvy, with 41% booking more than two weeks in advance to get better rates.

The barometer is produced by CWT Solutions Group and analyses CWT’s data to create year-on-year comparisons to benchmark changes and development in the business travel industry.

More on CWT:

CWT records business sales of £1.04bn in 2014

CWT launches dedicated innovation team

C&IT TV Agency Cribs: Check out CWT Meetings & Events' HQ

• For more breaking news and in-depth features, sign up to C&IT Magazine's daily Newstracker here

 

 


 
 

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
Events company faces legal action from makers of video game Fortnite

Events company faces legal action from makers of video game Fortnite

Epic Games issues claim against Exciting Events after widely criticised event in Norwich.

Diary of a delegate: Beautiful Bergen

Diary of a delegate: Beautiful Bergen

A three-day account of the C&IT A-List FAM trip, in partnership with Visit Norway.

Case study: Space to Breathe wellness event

Case study: Space to Breathe wellness event

Centre Parcs hosted a wellness event for clients including MIA, Experian and the University of Nottingham.

The future of event feedback

The future of event feedback

A look at how new technology is changing the nature of feedback for event planners.

SevenEvents hires new project manager

SevenEvents hires new project manager

Jade Davies joins from Touch Associates and her new role will include developing client relationships.

Cievents VP talks US market trends, challenges and opportunities

Cievents VP talks US market trends, challenges and opportunities

Alison Howlett, vice president of live events, talks about creating business opportunities, US trends and popular destinations.

Case study: PPA Festival at Tobacco Dock

Case study: PPA Festival at Tobacco Dock

The Professional Publishers Association held an education festival in May 2018 with guest speakers including politicians and actors.

New director and event coordinator for Pure

New director and event coordinator for Pure

Agency promotes client services director and hires event coordinator to strengthen the team.

Loganair to take over cancelled Flybmi routes

Loganair to take over cancelled Flybmi routes

Glasgow-based company Loganair has stepped in start flying five of Flybmi's routes from next month.

How to increase your sustainability credentials

How to increase your sustainability credentials

Sustainability can be achieved with simple actions, says Elizabeth Thomas from the International Corporate Governance Network.

LATEST JOBS