Four
out of ten buyers (40 per cent) will have bigger corporate travel budgets in
2018, compared to 32 per cent 12 months ago. Half of buyers (49 per cent) claim
they will also have more to spend on air travel and accommodation. However, 45
per cent expect to have more trips to manage next year and 47 per cent expect
total travel costs to rise.
This
is according to research carried out by Business Travel Show, which was
answered by 243 buyers. Business Travel Show is Europe’s leading event for
corporate travel professionals and takes place at Olympia London from 21-22
February 2018. Buyers can register for free at www.businesstravelshow.com/register
The
poll revealed (please read on for full table of results):
- A huge leap in buyers
with increased accommodation spend – 49 per cent compared to 32 per cent
yoy
- Half of buyers with
bigger airline budgets – 49 per cent compared to 40 per cent yoy
- Just 15 per cent of
buyers will have fewer trips to manage
- Almost half of buyers (47
per cent) expect travel costs to increase
Carrie Nederpel, travel
specialist in the Netherlands and Business Travel Show advisory board member,
said: “From what I have noticed here
in the Netherlands, business is booming and, along with that, travel. The
need and financial ability for corporate travel is increasing, as are the
budgets to do so. The challenge for a travel buyer is how to spend our
increase in money wisely and ‘shop around’, as it were. For me, the Business
Travel Show is the perfect venue to do this.”
A senior corporate travel
manager added: “From my point of view, the growth of corporate travel budgets
is in line with company growth and the increase in number of required trips and
not necessarily an increase in travel costs.”
David Chapple, Business TravelShow event director, added: “This time last year, geopolitical events such as
Brexit and the imminent inauguration of President Trump left many concerned for
the economy and the widespread feeling of uncertainty about what the future
holds undoubtedly leaked in to the corporate travel market.
“The results of our survey,
however, indicate that caution in business travel was short-lived and budgets
and growth appear to be healthier than ever. In fact, some commentators have
even suggested corporate travel may do better than other industries, as
companies invest more in travel to explore alternative trade avenues outside of
Europe following the Brexit vote.”
How budgets will compare between 2017 and
2018 including historical research data:
|
|
18 vs 17
|
17
vs 16
|
16 v 15
|
’15 v ‘14
|
14 v 13
|
13 v 12
|
12 v 11
|
|
|
|
|
|
|
|
|
|
|
Budgets
|
|
|
|
|
|
|
|
|
Bigger
|
40%
|
32%
|
29%
|
32%
|
37%
|
39%
|
39%
|
|
Smaller
|
12%
|
21%
|
|
|
|
|
|
|
The same
|
48%
|
47%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Travel costs
|
|
|
|
|
|
|
|
|
Increase
|
47%
|
|
|
|
|
|
|
|
Decrease
|
13%
|
|
|
|
|
|
|
|
The same
|
40%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Number of trips managed
|
|
|
|
|
|
|
|
|
More
|
45%
|
48%
|
44%
|
45%
|
48%
|
57%
|
|
|
Fewer
|
15%
|
37%
|
37%
|
41%
|
31%
|
22%
|
|
|
The same
|
40%
|
15%
|
19%
|
14%
|
22%
|
22%
|
|
|
|
|
|
|
|
|
|
|
|
Airline budgets
|
|
|
|
|
|
|
|
|
Bigger
|
49%
|
40%
|
33%
|
33%
|
39%
|
|
|
|
Smaller
|
11%
|
15%
|
24%
|
21%
|
37%
|
|
|
|
The same
|
40%
|
45%
|
43%
|
46%
|
24%
|
|
|
|
|
|
|
|
|
|
|
|
|
Accommodation budgets
|
|
|
|
|
|
|
|
|
Bigger
|
49%
|
32%
|
38%
|
30%
|
30%
|
|
|
|
Smaller
|
24%
|
14%
|
21%
|
27%
|
43%
|
|
|
|
The same
|
31%
|
54%
|
41%
|
43%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Will you book more room nights?
|
|
|
|
|
|
|
|
|
Yes – more
|
45%
|
|
|
|
|
|
|
|
No
|
24%
|
|
|
|
|
|
|
|
Don’t know
|
31%
|
|
|
|
|
|
|
Online visitor registration is now open
for the Business Travel Show at http://www.businesstravelshow.com/visit/register
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