Business travel budgets nosedive according to study

38% of buyers report less to spend in 2009

Earls Court: venue for next week's Business Travel Show
Earls Court: venue for next week's Business Travel Show

A poll of 170 business travel buyers commissioned by the Business Travel Show has revealed that 38% of respondents claiming they have less to spend this year.

Nearly two thirds of buyers polled (65%) revealed they are actively searching out cheaper air travel, while 41% said they were downgrading accommodation for travellers and 18% swapping taxis for public transport.

Looking forward, 65% also believed there will another 12-24 months of recession ahead.

On the positive side, 21% of buyers said the downturn would not affect the number of trips they buy and 2% stating that they will be booking more travel.

When asked if the pressure to be environmentally friendly would impact on their business travel plans, just under half (49%) said no, proving that in many instances there really is no substitute to face to face meetings.

Business Travel Show event director David Chapple commented: I’m not surprised that the credit crunch is affecting business travel buyers. It certainly explains why their focus this year, more than ever before, is on getting the best value possible out of their budget. They need to re-evaluate suppliers, push for more from existing ones and put contracts out to tender.

The Business Travel Show runs from 10-12 February at Earls Court in London.

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