The United Kingdom: Gaining Momentum

The UK boasts the second highest level of spending on business travel in Western Europe according to a recent forecast from the GBTA Foundation. In 2014 business travel spend in the UK totaled $43.5 billion USD – 5.4 percent growth over the previous year.

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GBTA expects momentum to continue to build with business travel spending advancing 5.8 percent in 2015 and another 6.2 percent in 2016. Thanks to a weaker global economy, this growth will be driven more so by domestic business travel than international outbound travel.

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This growth is great news for the UK which experienced abysmal business travel performance in 2012 before small improvements in 2013 led to this growing momentum.

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