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

• For more breaking news, as well as in-depth features and case studies, 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
Speakers announced for C&IT Northern Forum

Speakers announced for C&IT Northern Forum

New event takes place between 25-26 April at ACC Liverpool, with inspiring sessions from industry leaders.

Is ROE the new ROI for event managers?

Is ROE the new ROI for event managers?

Mike Leeson, general manager Europe, ETM, explains how personalisation of events can lead to better measurements of impact on customers.

Oman to welcome IGRC in 2020

Oman to welcome IGRC in 2020

Sultanate to host the International Gas Union's 16th International Gas Research Conference at the Oman Convention & Exhibition Centre.

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

Center 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.

LATEST JOBS