United Kingdom
United States
Asia Pacific
Credit crunch hitting SME business, says HRG
Only a minority of corporates are curbing their travelling due to the credit crunch, according to HRG chief executive David Radcliffe.
The travel management company boss said while its SME and meetings and events business is being hit by fears of a recession, it is not seeing a reduction in travel by its managed corporate accounts.
“Instead, they are travelling differently,” said Radcliffe. “The switch has been pulled. They are coming to us and saying, ‘you know those cost saving ideas you talk about, well, we’re ready to listen’.
“They see this very much as a year they need to get through. Some are slowing down on their travel, but others are speeding up.”
He said the TMC has seen a rise in travel to and from China and India .
“There has been a shift of economic power, with the emerging markets of China and India , which is leading to a difference in emphasis in global commerce.”
Radcliffe said HRG has also noticed a marked increase in demand for rail travel.
By Bev Fearis
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
Exploring Brooklands Museum with Alex Patterson
Global Tourism Challenges and Upcoming Events: A Conversation with Don Welsh
Peebles Barbeque: A Legacy of Flavor and Tradition
Exploring Bok Tower Gardens with Erica Smith
Rue’s Living Water Boat Cruises: Exploring Winter Haven’s Chain of Lakes
Durango and Silverton Railroad: A Timeless Journey Through History and Scenic Beauty
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
Qatar Airways adding Manchester flights
EU entry-exit system delayed again
ATC strike in Greece could disrupt flights this week
Jet2 unveils Samos as new Greek destination for summer 2026
Icelandair launches inaugural flight to Nashville