Tuesday, July 31, 2012

Business travel outperforming UK economy | ABTN

Posted Monday, 30 July, 2012 - 12:30 by Rob Gill

Business travel seems to be bucking the downward economic trend with a five per cent growth in transactions through GTMCGuild of Travel Management Companies members during the second quarter of the year.

While the overall UK economy shrank by 0.7 per cent between April and June, transactions through the GTMC members went up to 4.2 million, compared to 4 million for the same period in 2011. This was despite the extra bank holiday in June for the Queen?s Diamond Jubilee.

Air sales were up by two per cent for the quarter year-on-year while rail and car hire grew by 14 per cent and 6 per cent respectively. Only hotel bookings stayed flat for the three-month period.

Sales for other services including consultancy, ferries, visas, meet and greet, and foreign exchange were up by 10 per cent during the quarter.

GTMC chief executive Anne Godfrey said: ?Once again the business conducted by GTMC members seems to be slightly better than that being reported elsewhere.?While not spectacular these figures show that, with caution, things are better than may have been expected.?

John Williams, general manager at the GTMC, added: ?The static figure for hotel transactions may reflect anomalies due to the Olympics. It will be interesting to see what happens in the third quarter.?

Over the last 12 months, overall transactions for GTMC members are up by five per cent to 16.8 million compared to 16.1 million during the previous year.

gtmc.org

Source: http://www.abtn.co.uk/news/3017654-business-travel-outperforming-uk-economy

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