Business travel flat, says HRG

Business travel flat, says HRG

Hogg Robinson Group today reported flat business levels in the four months to January.

The travel management company said bookings, client spend and revenue was "essentially the same" as the equivalent period a year earlier.

Good progress in Asia was offset by a "modest" decline in Europe, the company reported in an interim management statement.

"Despite the uncertain macroeconomic environment, the board remains confident that HRG will deliver underlying profit before tax for the full year in line with expectations," the company said.

Clients remain cost-conscious and focused on vale for money, HRG added. "Tighter control of compliance with mandated travel policies and improved security monitoring also remain important priorities for clients," the company said.

Chief executive David Radcliffe said: "HRG has demonstrated the robustness of its business model which is underpinned by our ability to help clients maximise the value of their corporate travel budgets.

"HRG has good long-term prospects and our focus remains on the core drivers which have made us successful - a proven track record of winning business and delivering an excellent, technology-led bespoke service to help our clients reduce costs."

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