BTN Europe presents an overview of business travel and MICE predictions for this year
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UK business travellers have been spending less on airfares and more on trains and using their own cars, according to data from expenses firm Concur.
The global Expense IQ Report found that the average transaction amount for flights by UK business travellers was down by 8.8 per cent to £466.22 in 2012, compared to an average of £510.99 during the previous year.
Meanwhile the average price paid for rail rose by 12 per cent from £50.38 to £56.43 per transaction, and personal car expenses increased by 6.3 per cent to £32.10.
“This suggests that UK travellers may have been seeking savings by choosing less expensive modes of travel when feasible,” said Concur in its report.
Airfares still make up 28.9 per cent of total spending followed by accommodation at 20.1 per cent, ground transport 8.2 per cent, dining 7.2 per cent and entertainment 5 per cent.
The report also confirmed that London remained the most visited international business travel destination in 2012 – ahead of Shanghai, Singapore, Beijing and Tokyo – based on the number of overnight stays.
The UK capital is also the most expensive European city to stay in – based on accommodation, dining, entertainment and ground transport costs.
London also ranks as the fifth most expensive international city for corporate travellers after Brisbane, Tokyo, Sydney and Perth.
In the US, the most visited cities for business travel are New York, Las Vegas, Chicago, San Francisco and Houston. New York and San Francisco are the most expensive cities to stay in.