BBT is official UK media partner to the Business Travel Show, which returns to Olympia London on 21-22 February
RAVEL BUDGETS ARE on the rise, according to research by the Business Travel Show: 40 per cent of buyers will have bigger corporate travel
budgets in 2018, compared to 32 per cent 12 months ago. However, 45 per cent expect to have more trips to manage next year and 47 per cent expect total travel costs to rise. The show’s annual survey, which polled
Show the way T
Carrie Nederpel, travel specialist in the
more than 240 buyers, revealed a leap in buyers with increased accommodation spend – 49 per cent compared to 32 per cent year-on-year, and nearly half of buyers with bigger airline budgets – 49 per cent compared to 40 per cent year-on-year. Just 15 per cent of buyers will have fewer trips to manage.
88 BBT January/February 2018
Netherlands and Business Travel Show advisory board member, said: “From what I have noticed in the Netherlands, business is booming and, along with that, travel. The need 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.” Another senior corporate travel manager
added: “From my point of view, the growth of corporate travel budgets is in line with company growth and reflects an increase in the number of required trips, not necessarily an increase in travel costs.” See the panels opposite for more findings from the Busi- ness Travel Show annual survey.
BT Show event director David Chapple
said the survey results indicate that budgets and growth appear to be healthy despite concerns around political and economic uncertainty. He added that some commen- tators have suggested corporate travel may do better than other sectors as companies invest more in travel to explore alternative trade avenues following Brexit. The show will feature more than 260 ex- hibitors, and runs an extensive hosted buyer programme – last year the show welcomed more than 420 hosted buyers. The education programme will feature
60 sessions with more than 120 speakers (see conference agenda, p91). The lineup includes keynote speaker Steve Martin, best-selling author and expert in the science of influence and persuasion.
BUYINGBUSINESSTRAVEL.COM
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