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What does T&E look like in 2024?

Every year TravelBank analyzes hundreds of thousands of sampled travel bookings and expense reports submitted on our platform. By comparing these expenses to previous years, we see the evolution of how employees travel, do business, and go to work. The 2024 results surprised us.

What you’ll learn in the 2024 State of Business T&E Report:

– General merchandise retailers like Amazon are now expensed more often than meals, hotel stays, and air travel.
– Food delivery apps (and their fees) are now more common than in-restaurant meals.
– Fewer business travelers are opting for budget hotels or flights.
– When it comes to ground travel, most business travelers use their own cars and expense gas and mileage.

2024 is the year of the autonomous business traveler. Employees are supplying their own needs without the hassles or delays (or bulk discounts) of official procurement. But is that actually saving time and money? Or wasting it?

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“
TravelBank makes the travelers’ experience as simple as possible, without sacrificing anything on the admin side.
Michael Ashkar, Iterable, Senior Payroll and GL Accountant
“
Super fast to set up and easy and intuitive to use. I like how quick and seamless it is to make bookings and log expenses in the app.
Jeremy Y., G2
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This app allows the Finance Team to quickly audit expense reports. Very user friendly and I love the travel options.
Arthur G., G2
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TravelBank can predict what employees should be spending on trips, help them file their expenses, and even give them cash rewards.
User Review, Techcrunch
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Users are saying it cuts down 30 to 45 minutes of their time to book travel and submit for reimbursement.
Neal, Sonacare Medical, VP of Finance
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TravelBank: 50% cheaper all-in-one travel and expense tool. Simplifies office travel booking and expense tracking for remote teams.
Olivier Labbé , Metadata.io, President
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TravelBank is fast, easy, and accurate.
John Bailey, Falkonry
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Makes booking flights and hotels a breeze! And you’re rewarded for saving the company money. Reimbursements also go through fast!
Robert A., G2, Freelance Direct Response Copywriter
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TravelBank knows my company policy and prompts me as I’m looking at flight or hotel costs. It saves me so much time.
Debby T., G2, CX Specialist
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Having everything in one location makes the whole experience easy. Compared to other services that I’ve used, this has been so simple.
Cody N., G2, Compliance Manager
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TravelBank incentivizes employees to save T&E budget. They book Airbnbs or stay with friends to cut costs. Penny saved is penny earned.
Evan L., G2, CEO
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The chat function is super helpful – I don’t need to sit on hold for a phone call to ask a question about my reservation.
Verified in Consumer Goods, G2
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TravelBank simplifies flight selection for remote employees. No more scheduling hassles or guesswork for event managers like me.
Verified User, G2
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Effortless travel & expense platform for employees. Easy to manage and customize for admins. TravelBank meets our business needs.
Verified User , G2
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TravelBank makes managing expenses and monthly spend a no-sweat experience. You would not dread end-of-the-month accounting updates.
Shellane G., G2, Executive Admin Assistant
Wide document titled "The 2022 State of Business Technology Report" featuring text, graphs, and charts on different aspects of business technology trends and insights.
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