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New research by American Express found UK businesses plan to invest more in travel for business over the next 12 months, reflecting the importance of business travel to their continued success. The research, which surveyed both business travellers and decision makers, found that around four in ten businesses (42%) are looking to increase the amount of business travel they undertake, while over two-thirds (68%) plan to ramp up their spending in this area by 50% or more compared to current levels.
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The vast majority (82%) confirmed that business travel plays a key role in driving revenue, profitability and enabling growth; six in 10 businesses (60%) plan to expand into new UK regions while over a third (35%) want to enter new international markets.
Travel might be back, but the environment businesses are operating in continues to evolve at pace - they are facing into a challenging economic outlook, shifting working patterns and an ever-growing focus on sustainability.
What does all this mean for business travel in the UK? A new American Express whitepaper Navigating the new business travel landscape reveals three key themes currently shaping the sector.
