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The Average Cost of Business Travel

The Average Cost of Business Travel



Industry data suggests that 445m business trips take place each year, creating a $251b industry.



Domestic travel

$111.7b



International travel

$31.6b



On the average trip, companies spend

Domestic

$949

per person



International

$2,600

per person



The average cost of coach airfare

Domestic

$470



International

$1,217



The average cost of a hotel

Domestic

$155



International

$275



Average Amount Spent on Business Travel Expenses



Meals

$28.34



Office Supplies

$98.30



Car

$182.61



Taxi

$51.70



Parking

$32.66



Gas

$74.26



Shipping

$34.86



Cell Phone

$68.52



Tolls

$49.06



How Companies Spend their Business Travel Buget



21%

Meals



17%

Flight



17%

Misc.



13%

Hotel



11%

Gas



5%

Car



5%

Cell Phone



3%

Taxi



3%

Supplies



2%

Shipping



2%

Tolls



1%

Parking



All this spending pays off,for every dollar spent on business travel,companies see a $2.90 increase in profit and companies see a $9.50 increase in revenue.



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The Average Cost of Business Travel

shared by ashleye0807 on Jun 30, 2013 in Business

The Average Cost of Business Travel

shared by ashleye0807 on Jun 30, 2013 in Business

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A break down of the average cost of business travel and how companies spend their travel budgets.
Category: Business

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