How much are companies spending for business travel?
Wondering how much your peers are spending on their T&E ventures? This report will give you a pretty clear picture.
A recent online study by Replicon found that the average cost of U.S. business travel expenses were:
- $440 for airfare
- $323 per night for lodging
- $65 for taxi/transportation
- $38 for food, and
- $34 for parking.
While these figures can be useful to benchmark against your own company’s T&E spending, it’s important to remember that travel costs vary greatly depending on where your staffers are going. Still, if your numbers are way more than these, you may want to think about reviewing your firm’s T&E practices.
Readers, are these numbers in line with your company’s T&E spending? Let us know in the Comments section.
- Share on
Free Training & Resources
White Papers
Provided by Personify Health
Further Reading
“It’s not right, but it is a reality. … You don’t get a lot of budget attached to (vendor setup and maintenance tra...
With remote work here to stay, A/P has to work harder to verify crucial information, such as vendor bank account numbers. Unfortunately,...
The emergence of A/P automation software in recent years has been the catalyst of significant transformation of the accounts payable functi...
Businesses may be losing more through accounts payable than they realize – and most of it never shows up as a line item. A new report ...
A rule that hadn’t changed since 1954 may be getting an update. The IRS has proposed eliminating the 1099 filing requirement for paym...
Sales and use tax shouldn’t just be the responsibility of your A/P and A/R departments. Although they’re the ones who are ...
