The United Kingdom: Gaining Momentum
The UK boasts the second highest level of spending on business travel in Western Europe according to a recent forecast from the GBTA Foundation. In 2014 business travel spend in the UK totaled $43.5 billion USD – 5.4 percent growth over the previous year.
GBTA expects momentum to continue to build with business travel spending advancing 5.8 percent in 2015 and another 6.2 percent in 2016. Thanks to a weaker global economy, this growth will be driven more so by domestic business travel than international outbound travel.
This growth is great news for the UK which experienced abysmal business travel performance in 2012 before small improvements in 2013 led to this growing momentum.
Also, check out the 5 Key Takeaways from the entire Western Europe forecast.