The Global Business Travel Association ("GBTA"), has released its latest GBTA BTI™ Outlook report on Western Europe as part of its semi-annual series.
The full report is available for purchase for non-members and at no cost for GBTA members. To learn more about the Global Business Travel Association please visit www.gbta.org.
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GBTA BTI™ Outlook – Western Europe: 2013 H1 (Select Pages)
1. GBTA BTI™ Outlook – Western Europe
Prospects for Domestic & International Outbound Business Travel 2013-2014
2013H1
Europe continues to struggle under the weight of outsized
sovereign debt burdens and the austerity programs prescribed
as remedy. Unfortunately, 2013 looks to be another year of
weakness, particularly in the periphery, before 2014 brings
modest growth. Combined, the five largest business travel
markets will see spending expand by only 0.4% and 3.7% for
2013 and 2014, respectively.