GBTA BTI™ Outlook – Western Europe, Spring 2012: Prospects for Domestic & International Outbound Business Travel 2012-2013
Statistics & Metrics
Date: June 12, 2012
About this Resource
Western Europe is facing tremendous economic challenges - burgeoning debt, a double-dip recession, soaring unemployment and constrained credit markets. Business travel, a $259 billion USD (€198 billion) market in Europe, is beginning to feel the effects of this crunch. In 2012, GBTA expects business travel growth to slow in the key markets of Germany, France and the UK, while the more troubled markets of Spain and Italy will both see significant declines before beginning to recover in 2013.
This semi-annual series includes the GBTA BTI which provides a method for distilling market performance and the outlook for business travel into a single metric to be tracked over time. "GBTA BTI™ Outlook - Western Europe" includes an analysis of the five most critical business travel markets in Europe: Germany, the UK, France, Italy and Spain.