european business travel market
Business Travel Sees Steady Recovery in Europe
the Global Business Travel Association | February 16, 2021
London – February 16, 2020 – The Global Business Travel Association (GBTA) – the world’s largest business travel association – held its European Town Hall today to discuss its annual BTI™ Outlook with a focus on Europe. Europe comprised 27% of global business travel in 2019, attributing $392 billion to the $1.43 trillion global busines travel spending. Business travel in Western Europe accounted for approximately 23.4% of this global figure ($334.7 bn) and Eastern Europe (Emerging Europe) accounted for 4.0% ($57.2 bn). The six largest markets in the region (Germany, UK, France, Italy, Spain and the Netherlands) accounted fo...
Good News for the European Business Travel Market
AccorHotels | March 3, 2016
Are European companies too conservative when it comes to planning their spending on business trips? Each year we tend to see the same phenomenon: the company plans to reduce the amount of travel undertaken by its employees in order to save money. And yet, they end up doing just the opposite. The figures from the American Express Business Travel Barometer prove it: in 2015, European companies' travel expenditure saw an increase of 1.4%, when a year earlier it had been forecast at +0.7: spending increased twice as much as predicted! And in 2016, companies foresee an increase of 1%, however, all the economic indicators point towards a chan...
