Slowdown Not Slump; BUSINESS & INDUSTRY 2005. LOOKING AT THE FUTURE FOR FIRMS IN COVENTRY & WARWICKSHIRE
By GEORGE DICK Manager director of Travel Management Group plc in Leamington
LAST year proved to be good for the corporate travel market with travel management companies enjoying real and sustained growth of around 10 per cent.
The industry looks forward to 2005 with cautious optimism - with the UK economy strong, world economies improving and an air of confidence in the world of commerce.
China and India will also continue to see increased demand from business travellers for flights and hotels. With the proliferation of more than 40 low-cost carriers in Europe now, together with more competitive fares from national airlines, we can ensure our client companies make the best possible use of their travel budgets. We expect more business travellers to Europe. By LAURENCE MOORE Partner with Pilley & Florsham, Coventry chartered certified accountants and business advisers
I EXPECT UK businesses will experience healthy economic growth well into 2005, outperforming the Euro area in terms of output growth, particularly before the general election, which is expected to be during the second quarter.
Recent rises in the inflation index, which were not helped by the 7. …