Why Managed Business Travel?

Travel Statistics

https://www.zippia.com/advice/business-travel-statistics/

In today’s World, you can go online and book travel from almost any site, but the truth is that even the simplest of trips can get very complex when it comes to logistics and overall management.

Some questions to consider:

Are your employees booking their own travel?
Do you have a travel policy in place?
Are your employees staying within their set travel budgets?
How much time are they spending to book their own travel? and how much time are they spending to rebook travel due to changes like flight cancellations, or other unexpected changes?
Are there other revenue-generating activities your employees could be focused on other than booking their own travel?
How many business trips are being booked a year by your company?
How far in advance are you booking travel?
How much are you spending on your overall travel expenses?
Do you have any reporting on where your employees are and what the health and safety are of your employees while traveling?
Do you have analytics to break down your overall travel spend to see where your dollars are going?

Zippia¹

Zippi compiled a report on “How Much Do Companies Spend on Business Travel”

The average three-day domestic trip costs between $990-$1,293.
Roughly 26% of business trips are only one day long. This is a contributing factor for companies’ high cost of business trips, as same-day flights can wrack up costs. However, this does save the company money elsewhere (lodging, food, etc.).
38% of U.S. business travel is for meetings and events amounting to $139.3 billion of all business travel spending, nearly 42% of total business travel spending.
Roughly 1.3 million business trips are taken in the U.S. every day.
The most expensive aspect of a business trip is lodging, making up around 34% of total costs.
Companies spend roughly $799 per person per day during a business trip.
The average business traveler takes roughly 6.8 trips per year.
With an average of 1.5 travel expense reports filed per month, that means employees can spend up to an hour filing them each month.
Over 460 million people travel for business annually in the U.S.
Travel costs typically equate to roughly 10% of that company’s annual revenue.

Source:

(1) Zippia. "25+ Essential Business Travel Statistics [2023]: How Much Do Companies Spend On Business Travel" Zippia.com. Mar. 29, 2023, https://www.zippia.com/advice/business-travel-statistics/

With an average of 6.8 business trips per year and an average US salary of $33.88, a company with 10-25 employees could expect to spend between $9,000 - $30,000 per year just in employee hours to book their own travel.

Modern Pro Services is dedicated to providing you with exceptional service, always drive for cost savings, and provide transparency. We utilize technology to create a best-in-class experience with continuous innovation and out-of-the-box thinking to elevate your expectations for your business travel.