Nearly three-quarters of 583 Europeans responsible for managing travel budgets expect those budgets to remain flat during 2014, according to an American Express Business Travel report.

Eighteen percent of those surveyed indicated that they expect their organizations' travel budgets to increase next year. For 2013, 64 percent indicated budgets did not change. Low-cost carriers accounted for 26 percent of the air spend at represented organizations. Meanwhile, hotel spend climbed for a second consecutive year, up to 24 percent from 23 percent in 2012.