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Business traveller costs fall by eight per cent

Carlson Wagonlit UK Quarterly Barometer reveals prices went down across most categories

Carlson Wagonlit Travel (CWT) has released its Quarterly Barometer for Q3

Overall costs for UK business travellers have fallen 8.5 per cent, with the average trip costing £424.60, research from Carlson Wagonlit Travel (CWT) reveals.

The CWT UK Quarterly Barometer shows the average hotel rate fell 2.1 per cent in Q3, due to a continuous shift towards economic hotels. An increase of 17 per cent more buyers say they book them.

But predictions from American Express Global Business Travel are that prices will increase in 2016, as favourable market conditions outpace increases in supply.

The Quarterly Barometer also reveals 41.6 per cent more travel buyers booked their trips more than 14 days in advance in Q3, while the average hotel length remained the same at 2.6 days.

Meanwhile, air fare prices have fallen on average eight per cent, as economy flights continue to maintain their high share. The number of people booking first class and business class fell a respective 14 per cent and 16 per cent.

London continues to be the top destination for hotel bookings, followed by strong growth in Manchester and Birmingham, but report authors say the capital has come off the boil.

"London domestic hotel market shows a drop in growth, however sees an increase in average room rates," the report said.

"New York, San Fransisco, Paris, London and Singapore continue to be cities with high average hotel rates."

The biggest drop in hotel bookings in Europe was in Paris, which fell an average 11 per cent in Q3. This was before November's terror attack in the French capital.

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