Business Travel Trends In 2011 Versus 2010-CT Business Travel
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Business Travel Trends
In 2011 Versus 2010

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Business Travel Trends In 2011 Versus 2010

Business Travel Trends In 2011 Versus 2010

Aside from wages, business travel can often be the second largest outlay for a company. This article highlights some interesting data recently published by Concur, which gives some insights into the business travel sector.

The top three items where companies spend the most of their business travel budget is on flights, accommodation and eating out, these 3 areas alone account for approximately 60% of a business’s total outlay on travel and entertainment expenses.

Flights

The single largest rise in spend in 2011 was the increase in the average amount spent on airfares globally, which rose by an average of $21.74 per trip. The average airfare transaction in 2011 was $441.10 compared to $419.36 in 2010, resulting in a 5% increase.

Accommodation & Ground Transportation

There were also increases in the average amount spent on accommodation and ground transportation globally. Accommodation rose from an average transaction in 2010 of $98.19 to $102.68, which represents a 4.57% increase in 2011. Ground transportation increased from $32.22 in 2010 to $33.31, a 3.39% increase in 2011.

Dining Out

There were decreases in the average amount spent on dining, the average global transaction in 2010 was $39.29, which dropped to $38.87 in 2011 (1.06%). Interestingly the US experienced an even larger decrease of 4.12%, where the average transaction dropped from $39.47 in 2010 to $37.84 in 2011.

Top Cities

The top ten most popular International cities for business travel in 2011 were:

(Ranked by the number of overnight hotel stays)

  • 1. London
  • 2. Shanghai
  • 3. Singapore
  • 4. Beijing
  • 5. Toronto
  • 6. Hong Kong
  • 7. Paris
  • 8. Tokyo
  • 9. Montreal
  • 10. Mexico City

The top ten most popular US cities for business travel in 2011 were:
(Ranked by the number of overnight hotel stays)

  • 1. New York City
  • 2. Las Vegas
  • 3. Chicago
  • 4. San Francisco
  • 5. Orlando
  • 6. Houston
  • 7. Atlanta
  • 8. San Diego
  • 9. Charlotte
  • 10. Dallas

Most Expensive Cities

The top 20 most expensive cities globally (including the US) were:

(Ranked by the average cost for dining, entertainment and accommodation)

  • 1. Tokyo, Japan - $528.43
  • 2. Copenhagen, Denmark - $507.20
  • 3. Perth, Australia - $502.65
  • 4. Sydney, Australia - $501.23
  • 5. Stockholm, Sweden - $486.98
  • 6. London, UK - $468.98
  • 7. Brisbane, Australia – $457.72
  • 8. Zurich, Switzerland - $456.16
  • 9. Melbourne, Australia - $454.45
  • 10. Paris, France - $440.64
  • 11. New York City - $438.55
  • 12. San Francisco, California - $349.49
  • 13. Boston, Massachusetts - $336.34
  • 14. Washington, DC - $327.19
  • 15. Chicago, Illinois - $308.92
  • 16. Garden City, New York – $307.65
  • 17. Honolulu, Hawaii - $276.41
  • 18. Bellevue, Washington - $272.20
  • 19. Santa Clara, California - $255.56
  • 20. Plano, Texas - $228.88

The data published by Concur was collated from its database of 15 million users worldwide representing a total spend of more than $50 billion, so the data is not only reliable but it gives a good overview of what’s trending in terms of where travellers are going on business and how the cities compare in terms of costs to stay.

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