Corporate bookings suffer from 'culture of caution' says European Travel Commission

The European Travel Commission is warning that the conference market will continue to be stifled in 2010 as businesses settle into a culture of caution.

The ETC Trends & Prospects report for the third quarter of 2009 predicts that corporate bookings are unlikely to recover next year, with budgets remaining under pressure.

"Leisure tourism will be the main focus for tourism this year and next, as travel budgets remain tight," said ETC Market Intelligence Group chairman Leslie Vella in the report.

"The financial pressures on companies have forced them to be much more stringent about granting permission for staff to travel. Business travel has also been constrained by scrutiny and adverse public opinion in some quarters.

"Eventually, a return to higher levels of corporate profitability should help to realise some pent-up demand, but it is also possible that a tendency for recent behaviour patterns to become entrenched will continue to dampen demand," added Vella.

 

 

 

 

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