
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.
certify
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
Source
https://www....ravel.aspxCategory
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