Business travel costs in Germany increased ‘significantly’ in 2023, according to the latest report by the country’s corporate travel association, VDR.
Following the release of preliminary data, VDR this week published its Business Travel Analysis 2024 report, which, following a survey of 800 German travel managers (conducted between January and April 2024), revealed business travel volumes increased 55 per cent year-on-year in 2023, with a total of 116.7 million trips.
The number of business travellers also increased 18 per cent year-on-year to close to 10 million, while the cost of business travel is “higher than ever before”, averaging €400 per trip. Nevertheless, total spending is still 17 per cent below the ‘peak’…