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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?
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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