According to data from Airplus, a corporate travel payments specialist, European companies spent more on business trips in 2024 despite the “economic weakness” experienced in some countries.
Compared to a year ago, European companies increased by an average of 1.3% to air travel in 2024, but the company did not provide data on the number of travel they made.
Business travel across its European core markets (Austria, Belgium, France, Germany, Italy, Netherlands, Switzerland and the UK) reported significant increases of 8.1% and 4.9% respectively. I’m reporting. Meanwhile, Germany saw spending declines by 1.5%, while the UK increased by 2.6%, running “above average.”
Acknowledging trends highlighted in the six-month report in 2024, Airplus said “major events are no longer business travel magnets,” and the annual average for the Summer Olympics in Paris (bookings are under 46%) (Not booked more frequently than). European Football Championship in Germany (11% below average).
Airplus speculated that the shift could lead to hotel rooms and airline tickets “a rare and expensive item during such events,” and “compliance guidelines say businesses can make customers and partners expensive events “It’s making it increasingly difficult to invite them to.”
The company also shows the continued popularity of blend travel, with the number of business trips starting over the weekend, up 16.3% from 15.8 in 2023, where leisure components will be added to the business trip.
The average length of travel in 2024 increased to just 6.1 days (up from 5.9 in 2023), with the advance booking period of 26. An average of 28 from 4 days. An increase on the 9th.
As businesses are considering reducing the carbon footprint of business travel activities, Airplus has recorded a slight decline in the number of domestic flights and daily trips, between 32.3 and 31.4 and 6.8-6.5 percent, respectively. did.
