The cost of a business trip for those in the UK and Ireland dropped by 7.2 per cent in the first quarter of 2015.
According to Carlson Wagonlit Travel (CWT) the average cost of a two-and-a-half day trip – including hotel, car hire and flight – was £428.26.
CWT’s Quarterly Barometer showed average prices paid for hotel rooms fell 2 per cent, air tickets dropped 6.1 per cent, daily rates for car hire were down 3 per cent and rail fares were 1.8 per cent lower.
The report said UK business travellers were “getting more savvy” by shifting towards standard and economy hotel rooms, booking air tickets more than 14 days in advance and moving away from business class tickets.
Economy class air tickets made up 83 per cent of the market, up 1.6 per cent, while business class made up 14.3 per cent, down 7.3 per cent. Continental flights were the most common, making up 52.8 per cent of trips, followed by domestic flights (26.7 per cent) and inter-continental (20.5 per cent).
CWT said the drop in the UK average trip cost was mainly influenced by domestic travel, which made up 52.8 per cent of journeys.