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Latest News For Business Travelers Heading For London

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The British economy is seen as one of the shining lights  of 2016.  With commodity prices falling, China’s economy slowing down along with other emerging markets, and US interest rates expected to rise, the UK’s economic growth is predicted to continue despite these challenges.

If you are planning to travel to London for business in the next few months, you may be interested in these new developments which illustrate what an exciting, dynamic business hub the British capital is.

London City Airport Sets New Passenger Record

London City Airport (LCY) welcomed 4,319,521 passengers in 2015, an 18.38% increase on 2014, to set a new passenger number record.   The only airport in London city itself, it retained its title of Best European Airport under 5 million passengers at the ACI Europe Awards, was named Best Airport in London at the London Transport Awards, and was recognised as the UK’s top business for corporate responsibility when it took the inaugural National Responsible Business Champion title.

Costs of Air Travel Will Remain Stable

All the signs point to flat pricing or even modest reductions on most routes. Lower oil costs are having twin beneficial effects, according to Advito in its 2016 Industry Forecast. Airlines are making handsome profits with fares at their current levels, leaving them reluctant to frighten away demand by raising prices. Reduced costs are also making previously unviable routes profitable prospects, so supply is beginning to expand again, thus intensifying competition.

Although Hotel Prices Will Rise

According to the PWC, market experts expects the average daily rate for London hotels to rise by 2.2 percent in 2016. Therefore, negotiating reasonable accommodation rates is likely to be the business travellers biggest headache this year.

However, Getting Around the City is Easy

Chauffeur companies continue to provide business travellers with an efficient and comfortable way to travel around London.  With free Wi-Fi and knowledgeable drivers, getting to and from meetings and corporate events can be done in style and luxury, allowing you to concentrate fully on your business.

To find out more about how Continental Chauffeur Services can transport you around London on your next visit, please phone us on +44 (0)20 3174 2122.

 

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