Increase of Business Travel Budget in
2015/2016
German businesses invest a lot of money for
traveling purposes in Germany, Britain, France, Spain and Italy.
A lot of money is spend on business travel
which suffered the financial downturn for companies and therefore has the Business
Travel association decided to rise the budget by 6 percent annually in 2015 and
2016.
A lot has happened since 2009, the budget
back than was $171.7 billion, which went up to 187.3 billion in 2014 and now
will it take the market to 210.6 billion, which is about 2.4% more annual money
than in 2014.
"The study shows that the European
economy is gathering steam and beginning to put its economic woes in the
rear-view mirror," said Catherine McGavock
However in Germany has the largest
business travel market in the western Europe region made a estimate of $57.9
billion, spending is set to rise 9.5 percent in 2016, while In Britain is expecting
a raise of 6.2 percent driven by lower fuel costs.
| This picture represents passengers leaving Terminal 2 of Heathrow Airport |
Meanwhile will France have a growth of
3.4 percent and Italy 1.9 percent because they have a weaker economic growth.
The Increase of Business Travel Budget is
touching the Business Management Chapter of Finance focusing on the Business
Travel Market investing money.
This Article represents the idea of why the government decided to invest more money onto the market, which can therefore bee used by business and of course is the government making ethical decisions to have bias numbers to the specific regions according to their economic growth.
