Hogg Robinson boss ‘optimistic’ about the future

Monday, 21 Jul, 2008 0

Business travel specialist Hogg Robinson Group says there is little evidence to suggest business travel is reducing significantly, though companies are looking to cut costs with cheaper trips.

In its interim management statement, the company said demand for the first quarter of the year, from April to July 21, was in line with expectations. Client revenue was up about three per cent over the previous year, with the increase in business coming mainly from existing clients.

In its report, Hogg Robinson said:  â€œWhilst we believe that it is prudent to remain cautious about the

outlook for managed travel this year, the longer-term trends remain relatively favourable.

â€œOur pipeline of new business prospects remains healthy although we again remain cautious about

the impact of general economic uncertainty on the timing of contractual decisions.â€

Chief Executive Davie Radcliffe added:  "Despite the difficult economic environment,

at this early stage of the financial year the Group's trading has been satisfactory and we remain cautiously optimistic about our prospects for growth in the full year."

By Linsey McNeill

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Linsey McNeill

Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk

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