Increase in business travel spend to continue

Increase in business travel spend to continue

Businesses are expected to spend the same or more on travel during this year, according to a new study by PrivateFly. The private jet hire platform’s survey of CEOs, managing directors and chairmen of UK companies has shown that 80% of companies will have the same expenditure on travel this year compared to 2010 and 27% expect spend to increase 10%. A separate 8% intend to increase expenditure by 25% this year. More than a third (39%) said they would travel between six and 10 days in an average month and 26% were away for 11+ days. “These findings are an optimistic indicator for the business travel industry and suggest a returning confidence amongst the UK’s top executives – who are clearly still travelling for a significant proportion of their working hours,” said Adam Twidell, CEO of PrivateFly. “However not everything remains unchanged; there is now increased pressure to travel on business as efficiently as possible – both in terms of cost and time. Today’s business leader is looking to reach their destination as seamlessly as possible, with the ability to work on the way”.

Gary Marshall
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Gary Marshall
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