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 UJET
Further Reading
Because of the American Rescue Plan of 2021, more companies and gig workers will be receiving Form 1099-K, Payment Card and Third Party Net...
Whether they’re triggered by criminal fraud, duplicate charges, a technical glitch or a dissatisfied customer, credit card chargeback...
Structured scenario planning delivers FP&A’s biggest wins: 13% better external integration, budgets down to eight weeks, and cons...
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 ...
Ever wondered why Excel features a currency format as well as an accounting format? You’re not alone. The reason is, creating Exce...
Fall is the crunch-time season for unclaimed property reporting and escheatment. The states with approaching deadlines are almost as numero...
