German business travel is holding steady with no major decrease in bookings, AirPlus International said.
The card company's figures for October, released today (November 5) show that the trend in growth seen earlier this year has stopped.
But it said the October figures for trips is the same as October 2007 which was seen as a “strong” month.
A spokesman for AirPlus, which has a 70% share of the German card market, said: “We have no indication that there is a collapse or strong decrease in travel volume from German companies in October 2008.
“Currently we are on the same stable level as for the same month in 2007 which was in fact very strong.
“The figures include the number of business flights as well as the volumes. So while recession is about to knock on the door, German companies are still travelling.
“But of course nobody knows how things will develop.”
He said the figures also revealed that in the current financial crisis, companies are more strongly than ever looking for cost efficiencies.
“They have a higher concern for their processes and the potential to keep control on their spending and budgets with professional payment tools,” he said.
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