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Concur’s Annual Spend Trend Report Shows Business Travel Statistics

By on August 22, 2012 in Industry Stats, Travel with 0 Comments

business travel expenseAccording to Fox Business, Concur, business travel and expense management company, recently released their annual Spend Trend report using 2011 expense data from 15 million business travelers worldwide.

In 2011, Concur’s vast business user base racked up $50 billion in travel spend, with 500 million expense line items. Airfare and hotels made up the majority of overall spend, with dining coming in third. U.S. companies’ airfare spending increased 6.6% year over year, and hotel spending was up a little over 4%.

Top findings include:

What We Bought: Globally, the top line items were airfare, lodging and dining, making up 60% of total spend. (In 2010, these items only totalled 50%). Add in entertainment and ground transportation, and that makes up 70% of overall travel spending.

Most Visited (based on number of hotel overnight stays): Internationally by popularity: London, Shanghai, Singapore, Beijing and Toronto. On home turf: New York City, Las Vegas, Chicago and San Francisco.
To read entire article, visit Business Travel Trends: Where We Visit and Where We Spend It

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