Follow Us: Small Business Tip of the Day: That’s the Ticket!
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A new report from the Global Business Travel Association (GBTA) shows global spending on business travel is forecast to reach $1.12 trillion in 2013, a 5.4 percent increase from 2012. And surprisingly, small businesses will be accountable for a bigger share of business travel than big businesses, according to a Concur survey. The average small business traveler dines out about 40 times a year and spends around $340 every three months on takeout or restaurant meals. The study also found that small business travelers will spend about $500 more per quarter than big business travelers, and that every expense from airline tickets to hotels to food is usually higher than what a big business traveler would pay. Consider this your reminder to pay closer attention to your company’s travel costs and look for ways to cut them however you can.

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