According to the latest data gathered by Cvent, a MICE and hospitality software company, 70% of European corporate travel decision makers (CTDMs) anticipate their travel budget to increase, with 16% of them expecting it to rise significantly.

The study entitled “The European Travel Manager in 2019” reports that 25% of CTDMs said their budget would remain unchanged, while only 6% foresee a year-over-year decline. German CTDMs are especially optimistic about their budgets, with 21% expecting a significant increase in 2019.

Download: Cvent Research Brief "The European Travel Manager in 2019"