Business travel slump cost £3.18 billion in past week

The UK lost £3.18 billion in GDP this week due to the decline of business travel trips following Covid-19.

The figure was revealed by the Business Travel Association.

The data shows that in the second week of June, business travel trips from the UK dropped by 67.72% from 2019 pre-pandemic levels – with a fall of 366,018 business trips in the past week.

Travel data provider Travelogix found that the decline in business travel trips across ten key routes has cost the UK government £1.85 billion from international business travel and an additional £1.32 billion from domestic business travel, equalling a total of £3.18 billion missing from UK GDP in the past 7 days.

The data shows that as a result of travel restrictions:

·       Republic of Ireland has cost UK GDP £753 million 

·       France has cost UK GDP £579 million 

·       Switzerland has cost UK GDP £438 million

·       US has cost UK GDP £370 million this week

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