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.

 

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