Expenditure is growing at a slower rate than trips because the real cost of travel is falling and the average duration of trips is decreasing. In 1997, the value of overseas residents expenditure on business travel services to and within the UK was 3.5bn, generated from 6.3 million trips. The hotel industry is highly fragmented, despite growing concentration in the business sector. In recent years the budget sector has grown significantly and the four-star sector has rationalised. In 1997, UK hotels achieved their highest occupancy factor since 1977.
Business travellers tend to be older, wealthier and more likely to be male than other travellers.
However, consumer research shows that the percentage of international female business travellers is increasing. More Information Key Note are leading publishers of market research reports. Comments or Technical Problems - contact Customer Services . Sift Group Ltd. All rights reserved.