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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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travel& expense made easy The Average Cost of Business Travel Industry data suggests that 445m business trips take place each year, creating a $251b industry. Domestic travel International travel $111.7b $31.6b On the average trip, companies spend Domestic International $949 $2,600 per person per person The average cost of coach airfare Domestic International $470 $1,217 The average cost of a hotel Domestic International $155 $275 Average Amount Spent on Business Travel Ex Meals Office Supplies Car $28.34 $98.30 $182.61 TAXI Parking Gas $51.70 $32.66 $74.26 Shipping Cell Phone Tolls $34.86 $68.52 $49.06 How Companies Spend their Business Travel Buget 21% 17% 17% Meals Flight Misc. 13% 11% 5% Hotel Gas Car 5% 3% 3% Cell Phone Taxi Supplies 2% 2% 1% Shipping Tolls 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. certifyO travel & expense made easy http://www.gbta.org/foundation/ pressreleases/Pages/rls_041012 aspx http://www.prnewswire.com/news-releases/buyers-expect-better-year-for-business-travel-but -rising-rates-and-tough-negotiations-loom-191005381.html http://www.prnewswire.com/news-releases/buyers-expect-better-year-for-business-travel-but- http://traveleffect.com/sites/traveleffectcom/files/fact-sheets/BusinessTravel%2 BCompanies.pdf

The Average Cost of Business Travel

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

Publisher

Certify LLC

Category

Business
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