SAP Concur Data: Business Travel Spending Trends in 2023
SAP Concur analyzed expense data from 2019 and 2023, revealing that average airfare rose 10% to $770, gas rose 37% to $59, and meals rose 30% to $56. Other categories saw increased spending, while train travel decreased 5%. These insights help companies refine travel policies.
Impact and considerations
The data reveals inflation's impact on travel costs, helping businesses adjust budgets and policies.
Key points
- Average airfare in 2023 was $770, up 10% from 2019.
- Gas expenses saw the largest increase at 37%, averaging $59 per transaction.
- Meal expenses rose 30%, averaging $56 per transaction.
- Train travel costs decreased 5%, averaging $71 per transaction.
- Other and miscellaneous categories increased as a share of total spend.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 12 Mar 2024, 22:13
- Page published
- 14 Aug 2026, 08:16
- Last updated
- 12 Mar 2024, 22:13
- Original links
- SAP Concur Blog：A Look Inside Expenses: How Much Are Your Employees Spending? (opens in a new tab)Primary source · en · Published 12 Mar 2024, 22:13