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