France: Slow but Steady Growth

GBTA’s recent forecast for business travel in Western Europe shows the French economy continues to have one leg in the northern tier and the other in the southern periphery. Still, business travel spending began to gain momentum in 2013 and continued to advance in 2014, albeit at a modest rate of 2%.

After slowing to 0.6% in 2014, domestic business travel spend is expected to grow 3.2% in 2015. Like other countries in Western Europe facing a weakened global economy, international outbound growth will be less reaching 2.5 percent in 2015.

GBTA expects overall growth in France will continue to be muted with total business travel spending expanding 3 percent in 2015 and 4 percent the following year hitting $38.6 billion USD.

Also, check out the 5 Key Takeaways from the entire Western Europe forecast.