Travel and Entertainment Spending in Businesses

THE EXPENSIVE EXPENSE REPORT TRAVEL AND ENTERTAINMENT SPENDING IN BUSINESSES SMALL AND LARGE Small businesses travel big. In fact, compared to larger businesses, traveling small business professionals actually spend more over a given time period than their larger counterparts. One reason is that travelers at smaller companies tend to travel more frequently-having to cover more territory as a smaller staff. They also spend more on non-travel related items due to less sophisticated purchasing and requisitioning systems. Together, these expenses can add up to a significant savings opportunity for businesses that improve their travel and entertainment (T&E) processes. Below, we compare the quarterly spend amounts by an average traveler at a small and a large company. Small Business Large Business T&E Quarterly Spend per Filer (Traveler), 2012 T&E Quarterly Spend per Filer (Traveler), 2012 AIRFARE Small Business Large Business $832.55 $732.59 On average, small business travelers buy almost 37% more alrline tickets per quarter than large business travelers. LODGING Small Business V Large Business $736.69 $608.62 DINING Small Business V Large Business $340.60 $289.23 Small business travelers eat out While large business travellers only almost 10 times per quarter. eat out 7.7 times per quarter. GROUND TRANSPORTATION Small Business Large Business $189.22 $160.59 oodooo D00 DOD0 CAR RENTAL Small Business V Large Business $143.04 $91.31 Small businesses spend almost 24% more on the road. $50 In 2012, Concur cllents spent more than $50 billon on T&E, which is the second-largest controllable cost for most companles, making it a key focus area when trying to Improve the bottom line. With Insight Into where companles are spending their T&E dollars, businesses can make Informed decisions about their spending while also belng able to evaluate providers, confer with peers and negotlate better prices. For more Information on where companles BILLION spend thelr money and how to do so more efficlently, check out Concur's Expense IQ Report. Concur Source: Concur.com