$50 Billion in Business Travel Expenses: A Sign of Economic Recovery?

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The numbers are in: Small to mid-sized businesses spent 24% more money than large-market companies on the road in 2012, traveling twice as often as their enterprise counterparts, according to a new report from Concur expense management solutions provider.

After analyzing18,000 of its corporate clients’ individual accounts—amassing $ 50 billion in T&E expenses—Concur uncovered notable differences between small businesses’ and large corporations’ spending behaviors and trends. The company’s Expense IQ Report found that employees from small and mid-sized businesses spent considerably more in all categories: airfare (37%), food (30%), transportation (65%), and entertainment. However, small-business travelers reported 9% fewer transactions for lodging per quarter than corporate travelers.

The infographic below illustrates the report’s key findings on the T&E spending habits of small and large American companies in 2012:

$  50 Billion in Business Travel Expenses: A Sign of Economic Recovery? image infog805x2311


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