WyBoston Lakes

A report conducted by Business Travel Show has shown the number of corporate travel buyers forecasting budget increases for the year ahead, and therefore corporate travel budgets, is at a five-year high. 41% of buyers polled stated they would have more money to spend on travel in 2020, compared to 33% in 2019. There was substantial uplift on 2019 figures – 52% expected to manage more trips (up 33%); 41% reported airline budget rises (up 10%); and 45% of buyers anticipate bigger accommodation spend (up 16%).

David Chapple, Business Travel Show Group Event Director, said: “Last year’s survey showed a downturn in numbers across the board – with fewer buyers predicting airline, accommodation and overall budget increases. This was unsurprising with Brexit on the horizon and businesses holding back on both decision-making and spending. These figures appear to show a return to form and are back on par (if not slightly above) 2018’s statistics, which is very encouraging news for the industry.”

We have plenty of great content, updated frequently! Check it out: