More European corporate travel buyers looking at lower budgets

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More European corporate travel buyers looking at lower budgets

Although nearly a third of European corporate travel buyers expect to have bigger corporate travel budgets in 2019, according to research by the UK Business Travel Show, the figure is down from 40% recorded last year.

The poll of 134 European buyers found the number of budgets on the downturn was up from 13% last year to 15% for 2019.

There is also a rise in buyers with less to spend on air travel – 16% compared to 11% in the previous survey.

One third of buyers will also have more trips to manage, significantly fewer than the 45% last year.

Maybe a glimmer of optimism can be gleaned from the cost forecasts, with those predicting rises in travel costs dropping from 47% last year to 43% this time.

David Chapple, Business Travel Show group event director, commented: “The wobble shown by these results may reflect the uncertainty and dent in confidence the industry is currently experiencing in the light of Brexit… organisations are remaining cautious about spend.”

Managing Editor, Conference News & Conference & Meetings World. Write Paul an E-mail