March 3, 2024

Tracker reveals billions lost due to business travel decline

The latest travel tracker data from BTA and Travelogix has revealed the UK lost £5.57 billion in GDP in the first week of June due to the pandemic decline in business travel.

The tracker found business trips from the UK dropped by 81.23% from 2019 pre-pandemic levels with a reduction of 406,732 business trips.

Travel restrictions to and from Germany cost UK GDP £868 million, France £812 million, and the US £629 million.

The figures were released as UK Prime Minister Boris Johnson and US President Joe Biden agreed to set up a new taskforce to relaunch travel between the UK and US “as soon as possible”.

The pledge is part of a new Atlantic Charter signed when the political leaders met in person for the first time on Thursday in Cornwall ahead of the G7 Summit.