Average cost of business travel falls 7.2%, says CWT

The overall cost of a business trip for CWT's clients fell 7.2% to £428.26 in Q1 2015, according to the agency's business travel industry 'barometer'.

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

London remained the top destination for hotel bookings in the UK, despite a 24.2% drop in the number of reservations compared to Q1 2014. Aberdeen witnessed the fastest rate of bookings growth at 18.5%, followed by Manchester (5.7%) and Birmingham (5.2%).

The report also found that the average hotel room rate had dropped by 2%, driven by a shift towards standard and economy hotels. The same was true of flights, with the business class booking share dropping by 7.3% in favour of economy class tickets.

Of these flights, the majority (52.8%) were to European destinations, followed by domestic bookings (26.7%) and intercontinental (20.5%).

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

More:

CWT Meetings & Events appoints new account manager

CWT takes over French meeting and events company Ormès

CWT records business sales of £1.04bn in 2014

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