Travel & Expense Benchmarking: Insights into Industry Trends and Savings Opportunities

SAP Concur provides travel and expense benchmarking based on its vast spend data. Data shows airfare spending rose 18%, bookings up 20%; hotel spend jumped 24% but bookings through corporate tools only nudged up 4.2%; meal spend rose 20%; missing receipts climbed 17%. These insights help companies identify blind spots and optimize spending.