Among the five markets, business travel spending is expected to hit $183 billion (144.7 billion euro

The Global Business Travel Association (GBTA) has announced the results of its latest GBTA BTI Outlook report on Western Europe a semi-annual analysis of the five most critical business travel markets in Europe: Germany, the U.K., France, Italy and Spain.
These five markets together form nearly 70% of business travel in this region and act as a good barometer of the health of the entire European business travel market, says GBTA. Sponsored by Visa Inc., the report includes the GBTA BTI an index of business travel spending that distills market performance over a period of time.
Among the five markets, business travel spending is expected european golf tour to hit $183 billion (144.7 billion euros) or 3.3% growth over 2013. This projected gain would be the largest in Western Europe since the Great Recession.
After six consecutive quarters of decline, Europe has finally turned the corner, said Catherine european golf tour McGavock, GBTA s regional director for Europe. Challenges remain, but we cannot ignore the economic progress that has been made and the impact that this will have on both domestic and international travel across Western Europe. Next year, we can expect to see the largest annual growth in business travel spending in more than six years.
The upsurge in business travel spending, as noted by the BTI, reinforces the fact that the Western Europe economy is stabilizing, said Tad Fordyce, head of global commercial solutions at Visa Inc. Although the recession took a toll on these markets, we are very optimistic this upward movement will continue the momentum into 2014.