Business travel buyers have bigger budgets for 2014
Business travel buyers will have more money to spend in 2014 according to research by the Business Travel Show.
The survey found that three quarters of business travel buyers said they will have more money to spend in 2014 despite just 49% of buyers being asked to book more trips.
It reveals a third consecutive annual rise in the number of buyers enjoying bigger budgets.
In 2013, 72% of budgets were higher or the same than in 2012. And in 2012, 67% of budgets were subject to an annual rise.
The research also found that 76% of airline budgets and 74% of accommodation budgets will be the same or greater in 2014, and 83 per cent of buyers will be expected to book the same or more trips.
David Chapple, event director of the Business Travel Show, said: "The survey results are great news for buyers, who have faced intense pressure over the last couple of years to cut costs and stretch budgets.
"The figures in our survey also support the GBTA’s own predictions that the UK business travel industry is heading for very strong growth in 2014 and 2015 and, following a trying few years, western Europe’s major markets should see a bounce back over the next five years."
Diane
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