The Business Travel Association (BTA), has revealed the UK has lost £4.45 billion in GDP last week due to the decline of business travel trips following Covid-19*.
Data from Travelogix shows that in the fourth week of July 2021, international business travel trips from the UK dropped by 86.27% from 2019 pre-pandemic levels – with a reduction of 338,310 business trips in the past week.
The data shows travel restrictions to:
• France has cost UK GDP £547 million this week,
• USA has cost UK GDP £528 million this week,
• Germany has cost UK GDP £485 million this week, and
• Spain has cost UK GDP £363 million this week
all from the decline of business travel trips.
The tenth edition of the BTA’s Business Travel Tracker can be found here.
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Notes to Editors
* Data from leading travel data provider Travelogix shows this decrease in business travel trips across ten key routes has cost the UK Government £3.44 billion from international business travel and an additional £1.01 billion from domestic business travel, equalling a total of £4.45 billion missing from UK GDP in the past 7 days.
About the BTA
The BTA is the authority on business travel. Working collaboratively across the industry and with the government to promote the integral role of business travel and events to the wider economy.
Originally founded in 1967, the BTA has a diverse membership and roster of industry partners. It’s TMC membership accounts for over 90% of UK expenditure on managed business travel, delivering value for money and great service to business travellers in the private, public and not-for-profit sectors. The BTA focuses on delivering practical solutions to challenges and market changes, as well as supporting best practice, sustainability and the well-being of travellers.
For more information on BTA please visit: www.thebta.org.uk or call 020 3657 7010.
About Travelogix
Travelogix is a leader in the world of travel data, reporting and analytics. Founded in 2011 by Chris Lewis and Gary Jones, Travelogix empower TMCs across the globe with accurate, accessible, real-time data that drives success. Travelogix are the standard for data analysis within travel and continue to craft and innovate their solutions to meet the demands of the industry.
For more information about the BTA, please contact:
Victoria Naylor-Leyland
Pembroke and Rye
Tel: +44 (0)7899 890908
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