UK business travel sees gains
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Business travel spend in the UK is set to grow 1.6% this year to US$41.3 billion as confidence continues to grow in the western Europe economy.
The latest report from the Global Business Travel Association (GBTA) found the UK to be the second biggest spender in business travel behind Germany, which is seeing gains of 5% in spend this year to US$53bn.
In the UK domestic spend is set to grow 0.8% and 0.4% in 2013 and 2014 respectively, while international outbound travel could grow 3% and 0.8% respectively.
Generally business travel spend in Germany, the UK, France, Italy and Spain is expected to reach US183bn this year, up 3.3% and the largest gain since the recession.
“After six consecutive quarters of decline, Europe has finally turned the corner. Challenges remain but we cannot ignore the economic progress that has been made and the impact that this will have on both domestic and international travel across Western Europe. Next year we can expect to see the largest annual growth in business travel spending in more than six years,” said GBTA’s regional director for Europe Catherine McGavock.
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