Stay ahead of the curve and future-proof your business with Mintel’s UK Business Traveller Market Report 2023. Our full report is packed with consumer-led market intelligence, the latest UK business travel market trends and consumer behaviours affecting your business. Get a 360° view of the business travel market, including market size, share and forecasted growth to help you align your business strategy with the needs of your audience.
Below, we’ve handpicked the key insights analysed in the full report and summarised the core topics.
The business travel market has improved but high inflation will continue to impact the recovery of both the domestic and overseas business travel markets. Cutting down on expenses continued to be a key focus of UK business, with most prioritising online meetings and restricting spend on business trips. Meanwhile, overseas business trips have become longer so more can be accomplished in a single visit.
Remote working impedes growth
A greater reliance on remote working and event technology than before the pandemic and the rising importance of sustainability in business travel are the two biggest factors hindering the growth potential of the business travel market. It is becoming increasingly difficult for businesses to justify spending on expensive business travel when cheaper and greener alternatives are readily available.
To learn more about the UK Business Traveller Market, including a five-year forecast, consumer behaviour analysis, and market opportunities recommendations, purchase our full UK Dentistry Market Report.
Internova, Advito, TripBam, Avelia, AMEX, Microsoft.
This report, written by George Zaborowski, a leading finance analyst, delivers in-depth commentary and analysis to highlight trends in the business travel market and add expert context to the numbers.
The business travel market is going through a considerable transformation. Company reliance on online meeting and event technology was accelerated during the pandemic, and this has been further strengthened by the cost-of-living crisis, which is driving firms to prioritise remote meetings to cut down on expenses. Nonetheless, in person meetings will continue to play a vital role when it comes to building strong relationships, when handling physical items is involved, and high value transactions.”
George Zaborowski
Senior Market Research Analyst
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