European Business Travel to Remain Flat in 2013 but Poised for a Turnaround in 2014

September 27th, 2013 |

The GBTA Foundation recently released it biannual report on European business travel.  The analysis, conducted by Rockport Analytics and sponsored by Visa, points to a projected decline of 0.1% in 2013 business travel spend among the five major European economies – Germany, France, the UK, Italy and Spain.  We expect a significant bounce back in 2014, however, with projected growth of 3.4% to $183 billion USD in business travel spending among the five nations.  Business travel growth continues to reflect two different speeds – with the northern economies of Germany and the UK showing much healthier performance compared to the economically-troubled markets in Southern Europe.  Learn more.