Just under half of travel buyers surveyed by The Business Travel Show says they will have a bigger budget for air travel and accommodation in 2018 compared to last year.
The survey of 243 buyers reports that 49 per cent will have more to spend on flights and hotels.
But bigger budgets maybe swallowed up by increased travel and rising costs, with 45 per cent of buyers expecting to have more trips to manage this year, and 47 per cent expecting total travel costs to rise.
Commenting on the research David Chapple, Business Travel Show event director said:
“This time last year, geopolitical events such as Brexit and the imminent inauguration of President Trump left many concerned for the economy and the widespread feeling of uncertainty about what the future holds undoubtedly leaked in to the corporate travel market.
“The results of our survey, however, indicate that caution in business travel was short-lived and budgets and growth appear to be healthier than ever. In fact, some commentators have even suggested corporate travel may do better than other industries, as companies invest more in travel to explore alternative trade avenues outside of Europe following the Brexit vote.”
The Business Travel Show takes place at Olympia London from February 21-22, bringing together over 7,500 European travel professionals – to register visit businesstravelshow.com/register.
Business Traveller will be exhibiting at the show, and will also be showcasing some of the winning entries from our annual Cellars in the Sky Awards, which recognise the best wine served on board the world’s airlines in first and business class.
Visit us at stand B462 for tastings at the following times:
Wednesday February 21
Thursday February 22