Abstract
The world-wide business travel market is enormous. In 1989, it accounted for 750m trips (one or more nights away from home) with an estimated value in excess of $320 billion. This growth is forecast to continue — it is estimated that a $400 billion market will exist by the 1990s. In the UK alone, it is estimated that 1990 will see over £22 billion being spent on business travel and entertainment (T & E) — four times the total advertising expenditure; three times the annual spend on rates and twice the revenue paid in corporation tax.
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© 1990 Horwath & Horwath
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Petersen, J., Belchambers, K. (1990). Business Travel — a Boom Market. In: Quest, M. (eds) Horwath Book of Tourism. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-11687-4_6
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DOI: https://doi.org/10.1007/978-1-349-11687-4_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-11689-8
Online ISBN: 978-1-349-11687-4
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