Of the five European countries included in the most recent GBTA Foundation Western Europe BTI Report – the U.K., France, Germany, Spain and Italy – Italy is the most perplexing. While it, like the other nations, will experience slow and steady growth for 2016 and 2017, it won’t grow at the same rate as neighboring…
In the Jimi Hendrix song referenced in the title of this post, it takes about half a day traveling by dragonfly to get to Spain. Luckily for business travelers, there are many more comfortable options for traveling to and from Spain than insects. Indeed, it is expected that total business travel spending in Spain will…
All of Europe is focused on France this month as the Euro 2016 soccer tournament is underway to select a European champion. The home team has a very good shot of being crowned victors of soccer if not of economic recovery. While the nation’s economy and business travel markets are not out-performing the rest of…
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. GBTA expects momentum to continue to build with business travel spending…
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…
The Spanish economy was one of the most challenged in Western Europe from 2011 through 2013 as it battled high levels of public debt, soaring unemployment and stagnating economic growth. The latest GBTA business travel forecast for Western Europe shows a surprising turnaround for the country however. Spain has exhibited a remarkable economic turnaround driven…
Poor economic prospects continue to take their toll on the Italian business travel market according to the recent GBTA Foundation Western Europe business travel forecast. Italy’s labour and markets continue to lack the structural and political reforms necessary for getting the economy back on its feet. Spending on business travel in Italy only grew 1.3…
Business travel in Western Europe is finally standing on solid ground. Companies however are still showing a penchant toward saving for the future in case the economy backslides – that pessimism is slowly starting to abate, but optimism has not fully set in. Still, the stronger economy, lower energy prices and smart fiscal policies are…
Germany holds its position as the brightest star in the European sky when it comes to business travel as strong economic growth and relatively competitive labour markets continue to propel business travel activity. The GBTA Foundation’s recent business travel forecast for Western Europe showed overall spending on business travel in the country in 2014 finished…
Today, GBTA released our latest GBTA BTI™ Outlook – Western Europe report, a semi-annual analysis of the five most critical business travel markets in Europe: Germany, the UK, France, Italy and Spain. These five markets together form the lion’s share of business travel in the region acting as a good barometer of the health of…
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