2024 Business Spending Trends Report
SAP Concur's 2024 Business Spending Trends report shows that in Q1 2024, Other/Miscellaneous spending accounted for the largest share (32.04%), followed by Air (17.67%) and Lodging (17.36%). Since 2019, average transaction costs for Other have risen 57% and Miscellaneous 47%. The report also notes that 90% of employees noticed cutbacks in flexible travel options, and 64% saw increased focus on pre-travel approvals.
Impact and considerations
Businesses can use these spending trends to benchmark their own expenses and adjust policies to address rising costs and changing employee needs.
Key points
- Other/Miscellaneous spending is highest and costs have risen significantly.
- Air and Lodging remain major expense categories.
- Companies are tightening travel spending and increasing approvals.
- Claims with missing receipts increased by 17%.
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 7 Oct 2024, 17:22
- Page published
- 14 Aug 2026, 08:12
- Last updated
- 7 Oct 2024, 17:22
- Original links
- SAP Concur Blog：REPORT: 2024 Business Spending Trends (opens in a new tab)Primary source · en · Published 7 Oct 2024, 17:22