12 December 2022, etc.venues Monument, London
Business Travel Show Europe, presented by The BTN
21 November, London Hilton Metropole
Corporate clients have increased their travel activity in the last three months despite spending less money on these trips, according to travel management giant HRG.
The company said that client travel activity rose by 4 per cent for the three months to the end of June, despite a fall in spending of 5 per cent year-on-year – this reduction in spending was only 1 per cent when currency fluctuations were taken out.HRG said these figures showed its “ongoing work to help clients save money and maximise the value of their travel-related expenditure”.
The UK-based firm added that its revenue for the quarter was unchanged at “constant currency” rates, although it was down by 3 per cent when currency changes were taken into account.
HRG added that there was an “ongoing recovery” in the UK and North American travel markets but that conditions in continental Europe and Asia “remained generally weak”.
CEO David Radcliffe said: “We have made a good start to the year and continue to make progress in delivering our strategic priorities.
“We expect market conditions to remain similar for the remainder of the year and anticipate a full-year performance in line with market expectations.”
All resolutions at HRG’s annual general meeting in Basingstoke on Friday (July 24) were passed unanimously.