48531636888
+48665405352

Rising Costs Spark Concern Among European Travel Buyers

Home
-
Blog
-
Rising Costs Spark Concern Among European Travel Buyers
rising-costs-spark-concern-among-european-travel-buyer
548 Views

Approximately 600 European travel buyers from major markets including France, Germany, and the UK responded to a poll conducted by events technology expert Cvent, and 80% of them stated that they had a favourable opinion of their company's business travel program.

According to BTN Europe, 64% of those surveyed predicted that business travel will increase this year, and 19% predicted that the increase would be significant.

Travel customers voiced their concern about the growing costs of all sorts of travel products, with over 30% of them predicting the ground transportation cost to climb the highest, despite expectations for increased travel activity, according to EU Helpers.

According to the report, minimizing travel expenses is important to about 65% of the purchasers, who cite it as their top worry.

Additionally, as BTN Europe reports, travel buyers have stated that they are employing a number of strategies to combat the rising prices, with the most common being to mix their business-related travel with other existing events that staff will attend.

In addition to the aforementioned, it has been reported that 37% of purchasers are cutting back on the amount of trips taken by their coworkers. Additionally, 22% of customers stated that these excursions are now more likely to be lengthier in duration.

Additionally, 70% of purchasers situated in Europe stated that they are anticipating a higher average spending per trip this year and that the rise in costs necessitates an increase in their organizations' budgets.

Graham Pope, vice president of international sales at Cvent, commented on the situation and said that corporate travel managers are attempting to cooperate with hotels so that travelers do not have to cope with exorbitant prices.

According to Pope's statement, "Corporate travel managers are eager to send their teams back on the road after the strong recovery of leisure and MICE travel, but they are keen to work with hotels that understand their needs and can be flexible given budget constraints."

Locations where they will stay and sustainability are also high on the list of criteria for trip consumers.
 

Disclaimer

EU helpers are not affiliated with any government or government agency for permits. EU helpers provide immigration guidance, and concierge services for immigration and charge a service fee. It maintains www.euhelpers.pl, a private publishing website, which offers general information on issues related to immigration/permits. It is neither a legal firm nor does it provide any kind of legal advice or suggestions to its users. While we strive to keep the information up-to-date, certain terms, such as immigration eligibility criteria, may change without prior notice.

*Regarding our Job Search Service, we specialize in Resume Writing, LinkedIn Optimisation, and Resume Marketing. It is important to clarify that we do not advertise jobs on behalf of foreign employers or act as representatives for any overseas employer. Please note that our service is not a placement or recruitment service and does not guarantee job placement.

# Our REGION 527259419, KRS 0001077333, NIP 7011180860 is supported by polish lawyers who ensure fairness and compliance with legal regulations.

It is to be noted that the content here is intended for informational purposes only and should not be considered as legal or tax advice. It is always advisable to consult with your own legal and/or tax advisor(s). does not provide legal or tax advice. The information presented is general in nature and is not tailored to any specific company or workforce, nor does it reflect how it operates in a particular jurisdiction. takes no responsibility for this information's accuracy or timeliness and shall not be held liable for any losses resulting from the use of or reliance on this information.