Despite the economic problems currently experienced by many developed countries, Western Europe is likely to witness the largest annual growth in business travel spending since the global recession. Moreover, in 2014 business travel spending is expected to grow 3.4% . These are the findings of Global Business Travel Association, published in their GBTA BTI Outlook. The analysis focuses on the five most critical business travel markets in Europe that form nearly 70% of business travel in Europe.
For the following five countries taken as a whole, business-related travel spending will rise to $183 billion USD in 2013, indicating a growth of 3.3%. According to GBTA, this is a sign of vitality, as this is the greatest gain reported since the recession took place, as well as an increase in stability. Germany still takes the lead in business-related travel spending among the five countries, followed by United Kingdom.