Bulletin

Sharp rise in spending by business travellers coming to UK

An analysis by Santander Corporate & Commercial has found that international business travellers spent £5bn on business trips to the UK last year, up 11% on 2012. By contrast, UK business travellers spent £4.7bn on work trips abroad in 2013, a year-on-year decrease of 3%. The analysis of ONS data found that the US, Germany and France remain the top three countries of origin for business travellers to the UK, representing a total spend of £1.51bn in 2013 against £1.44bn the previous year. The same three countries were the key destinations for UK business travellers, who spent £1.53bn in 2013. Marcelino Castrillo, managing director of SME banking at Santander, said: 'The UK continues to be at the centre of world trade, with a growing number of UK businesses benefiting from exporting their goods and services abroad and working with overseas supply chain partners.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?