Turismo
Western Europe Business Travel Spend On Solid Footing, Growth Expected in 2015 and 2016
LONDON , June 11, 2015 /PRNewswire/ -- The GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), today announces the results of its latest report, a semi-annual analysis of the five most critical business travel markets in Europe : Germany , the UK, France , Italy , and Spain . These five markets serve as a good barometer of the health of the entire European business travel market. The report, sponsored by Visa Inc., includes the GBTA BTI™, a proprietary index of business travel spending that distills market performance over a period of time.
Logo - http://photos.prnewswire.com/prnh/20110609/DC16833LOGO
"Business travel in Western Europe is finally standing on solid ground," said Catherine McGavock , Regional Director for Europe for GBTA. "Companies however are still showing a penchant toward saving for the future in case the economy backslides - that pessimism is slowly starting to abate, but optimism has not fully set in. Still, the stronger economy, lower energy prices and smart fiscal policies are pointing to a strong 2015 and 2016 for business travel throughout the region."
"This year's global BTI™ reveals promising news for business travel spending in Western Europe ," said Brian Triplett , Senior Vice President and Head of Commercial Products at Visa, Inc. "With five markets alone averaging nearly a 5 percent gain in 2014 and domestic travel expected to grow, the region continues to show signs of recovery."
Germany
United Kingdom :
France :
Spain :
Italy :
The report is available exclusively to GBTA members by clicking here and non-members may purchase the report through the GBTA Foundation by emailing pyachnes@gbtafoundation.org.
GBTA will be hosting a webinar on June 24 at 9 am (ET) to further discuss this study and its findings. Learn more and register now.
The GBTA BTI™ Outlook projects aggregate business travel trends over the next eight quarters. The report tracks total business travel spending, plus spending in the domestic and outbound business travel segments. It relates unfolding economic events at home and abroad to their resulting impacts on Western Europe's business travel markets. is the seventh report in the semi-annual series.
The GBTA BTI™ Outlook uses an econometric model to better inform the forecast process. The model explicitly relates measures of business travel spending, uniquely sourced from other GBTA Foundation research, to key economic and market drivers of business travel including: Gross Domestic Product (GDP) and its components; employment and unemployment; measures of business and consumer confidence; international trade, foreign direct investment and exchange rates; commodity and oil prices; inflation measures; productivity rates for business travel; International Air Transport Association (IATA) Passenger and Revenue Performance and Smith Travel Research (STR) Global Hotel Performance.
The GBTA Foundation is the education and research foundation of the Global Business Travel Association (GBTA), the world's premier business travel and meetings trade organization headquartered in the Washington, D.C. area with operations on six continents. Collectively, GBTA's 7,000-plus members manage more than $345 billion of global business travel and meetings expenditures annually. GBTA provides its growing network of more than 28,000 travel professionals and 125,000 active contacts with world-class education, events, research, advocacy and media. The Foundation was established in 1997 to support GBTA's members and the industry as a whole. As the leading education and research foundation in the business travel industry, the GBTA Foundation seeks to fund initiatives to advance the business travel profession. The GBTA Foundation is a 501(c)(3) nonprofit organization. For more information, see gbta.org and gbta.org/foundation.