European business travel spending on the rise

By Kirti Khanna

European business travel spending is expected to rise, according to figures released by the Global Business Travel Association.

The GBTA BTI Outlook – Western Europe report, conducted by the GBTA Foundation and sponsored by Visa, Inc, says that spending in Germany, the UK, France, Spain and Italy – which together represent nearly 70 percent of Western Europe’s business travel – will grow at over six percent in 2015 and 2016.

Catherine McGavock, GBTA's Regional Vice President – EMEA, said: "The study shows that the European economy is gathering steam and beginning to put its economic woes in the rear-view mirror. Business travel is faring even stronger than the moderate economic breakthrough, with double digit spending growth in Germany as well as over 7 percent growth in both the U.K. and Spain this year. Still uncertainties in the global economy present risks to this business travel breakout, leading to a cautiously optimistic outlook for many companies."

Read the latest issue of Business Review Europe and follow @BizReviewEurope

Share

Featured Articles

Meet the COO: Brook Sims of MAC Diversity Recruiters

Passionate about helping others find their voice, diversity leader and COO Brook Sims talks powerful leadership, diverse teams and being a change agent

Best business books to improve leadership strategy

From strategic guides to inspiring CEO memoirs, these new books dish up plenty of principles, strategies, and anecdotes to help you become a better leader

Shoplazza founder and CEO Jeff Li, ex Baidu, on leadership

Named in Fortune China’s 40 under 40 for 2022, former Baidu head Jeff Li is the entrepreneurial founder and CEO of ecommerce platform Shoplazza

The office shifts to new way of working – workplace special

Leadership & Strategy

Trailblazer: Clorox's DEI leader Shanique Bonelli-Moore

Sustainability

The inspirational CEO story – Dean Forbes of Forterro

Leadership & Strategy