Half of travel buyers will have more to spend on accommodation in 2018

George Sell By George Sell
03 January 2018 | Updated 03 January 2018

UK: A recent survey has revealed that 49 per cent of travel buyers will have an increased accommodation budget for 2018.

It also showed that 45 per cent expect to book more room nights this year compared with 2017.

The research was carried out for the Business Travel Show, and polled 243 buyers from the UK, Europe and beyond.

Carrie Nederpel, a 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 Travel Show 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."

The Business Travel Show takes place at Olympia London from 21-22 February 2018. Buyers can register for free at www.businesstravelshow.com/register

For 2018, Serviced Apartment News has partnered with Buying Business Travel to launch a Buyer of the Year category for the Serviced Apartment Awards. Click here to find out more.

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