Bigger travel budgets for nearly a third of European planners in 2019

Some 30% of planners will have bigger corporate travel budgets in 2019, according to research from the Business Travel Show.

A poll of European travel planners shows that 30% will have bigger budgets this year – down from 40% last year, but on par with 2017.

And there was a slight increase in the number of people who said their budget has shrunk. It rose to 15% this year from 13% whose budget shrank in 2018. 

The annual survey also showed fewer planners (14%) will see a reduction in their accommodation budgets this year. 

Business Travel Show group event director David Chapple said: "The wobble shown by these results may reflect the uncertainty and dent in confidence the industry is currently experiencing in the light of Brexit.

"Despite the EU agreeing to the Government’s plan to divorce, how Brexit will affect business travel for the UK and Europe is still very much conjecture and, unsurprisingly, organisations are remaining cautious about spend." 

There was also a slight rise in planners with less to spend on air travel, some 16% compared to 11% last year. 

A third of buyers will manage more trips, much less than 45% last year, alongside a 5% drop in the number who forecast an increase in travel costs to 43%. 

For more features and breaking news 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
Record 50 million visitors to LA in 2018

Record 50 million visitors to LA in 2018

The ambitious target has been hit two years early, says the Los Angeles Tourism Convention Board.

Mondrian London changes ownership and becomes Sea Containers London

Mondrian London changes ownership and becomes Sea Containers London

South Bank hotel to be managed by the Lore Group and will operate as normal during transition.

How freelance event planners can steer clear of HMRC tax penalties

How freelance event planners can steer clear of HMRC tax penalties

Managing director of DSR Tax Claims, David Redfern, provides guidance to help freelancers avoid fines and penalties.

Two new hotels in Abu Dhabi for Radisson Blu

Two new hotels in Abu Dhabi for Radisson Blu

The Abu Dhabi Corniche has event space for up to 2,000, while the Al Ain features a garden area for al fresco social gatherings.

Flybe shares plummet as Virgin-led consortium beefs up takeover bid

Flybe shares plummet as Virgin-led consortium beefs up takeover bid

Flybe shares nosedive again as investors discover they will not be able to vote on the deal.

Measuring the ROI of fun

Measuring the ROI of fun

Elements which make your live events more immersive and fun need a clear ROI, according to an expert panel at the C&IT Corporate Forum.

Marketing budgets flatline as 'uncertainty bites', report reveals

Marketing budgets flatline as 'uncertainty bites', report reveals

Heightened business uncertainty has seen UK marketing budget growth stall, although events budgets have risen 2.6%.

Case study: Sir David Attenborough at Whitley Fund for Nature's Hope Gala

Case study: Sir David Attenborough at Whitley Fund for Nature's Hope Gala

The Natural History Museum was the venue for the special 25th anniversary event hosted by Kate Humble.

How to recruit new 'wildcard' speakers

How to recruit new 'wildcard' speakers

Education, training and speaker coaches are key to unearthing new talent, according to an expert panel at the C&IT Corporate Forum.

La Torre Golf & Spa Resort opens in Murcia

La Torre Golf & Spa Resort opens in Murcia

New 133-room DoubleTree hotel features lake-front views, a ballroom for 700 delegates and four restaurants.

LATEST JOBS