research report 2019

The State of Long-Term European Business Travel

An analysis of the evolving business trip and how it is being influenced by the socio-economic trends currently affecting the UK, Germany, France and Spain.

Why read this report?

Business travel is a massive industry. It was worth $1.3 trillion in 2017 and is predicted to grow by 4.1% to $1.7 trillion in 2023. Furthermore, the sector that Homelike operates in – long-term business travel accommodation – is worth $160bn globally and growing. What this means is that business travel is an important sector to have an understanding of as it contributes a large sum to the entire world’s economy and, on a micro scale, has a positive effect on the local areas that travellers visit.

To gain a better understanding of what this industry looks like today in Europe, we have surveyed 2,000 business travellers from the UK, Germany, France and Spain about their business travel habits and how socio-economic trends are affecting their organisations’ business travel.

Who is this report for?

You'll discover...

An understanding of what European business travel looks like in 2019

The value that business travel (particularly long-term business travel) brings to the local economies that business travellers visit.

The effects of recent relevant socio-economic shifts in Europe on business travel, namely: Brexit, economic volatility and a clampdown on tourism in some countries