Business travelers can end up spending a lot of time filling out expense reports after returning from a business trip. Employees with more experience traveling and more knowledgeable about a company’s travel policies may be able to complete this task quicker than those who travel less frequently. Concur’s new State of Business Travel report details how different types of travelers — from the savvy business traveler to the cautious planner — complete expense reports and how long they take to do so.
Category Archives: Travel
More Business Travelers Turn to Home-Sharing Services: New Concur Report Identifies Trends in Corporate Travel Market
Business travelers are increasingly using home-sharing services like Airbnb for overnight business trips. Concur’s recent State of Business Travel report shows a 56% growth rate for home-sharing services among business travelers between the beginning of 2015 and beginning of 2016. The Concur business travel reports shares insights from the millions of end-users that turn to Concur’s business travel and expense management solutions — users who expensed $76 billion in 2015 through the provider’s software
Ride sharing services like Uber and Lyft continue to gain popularity among corporate business travelers, according to recent research. The latest SpendSmart report from travel and expense management software provider Certify showed Uber and Lyft rides accounted for 46% of total ground transportation among business travelers in the first quarter of 2016. That’s up 4% from the fourth quarter of 2015.
Spend Matters welcomes this guest post from James Filsinger, president and CEO of Yapta.
You don’t have to be a travel expert to know that hotel and airfare prices have a frequency all their own, constantly shifting up and down. The price you paid today could be dramatically cheaper tomorrow — or grossly more expensive in a week. But what can you learn by tuning into all this noise around travel pricing? You may be surprised at what these price fluctuations can reveal — or by the questions that can surface.
Business travel is expected to increase this year, as are the costs associated with it. Here we have pointed to some of the factors impacting corporate travel in 2016, like consumer travel demands and annoying add-on fees, that procurement can look out for.
A new report from Concur shines light on just how much last-minute business travel is costing companies and provides evidence for how organizations can save money when travel policies and travel management technology solutions are adopted and monitored. Travel and expense management solution provider Concur parsed through data from roughly 22 million U.S. domestic round trip airline bookings made through its travel solution between 2011 and 2015 to identify some key areas businesses can focus on to reduce costs.
A new survey of 1,500 business travelers conducted by air travel information and corporate travel service ExpertFlyer.com showed more travelers are using ridesharing services like Uber and Lyft while on a business trip. However, despite the rise in popularity of non-traditional lodging options provided through websites like Airbnb, many companies are still not allowing employees to stay in such places.
In part one of this Spend Matters PRO research brief, we took a look at Oversight System’s tools and spoke with the provider’s CEO to deepen our analysis of this niche provider. As we mentioned in the previous installment, if you can feed your T&E spend and p-card feeds into a generic, but strong, spend analysis tool, you can get some level of insight on non-compliance in this challenging spend area. But if you don’t have such a tool or you really want to go deep, you should check out Oversight. In part two of this PRO research brief, we share our Q&A with Oversight CEO Patrick Taylor to deepen our analysis of this niche provider. For Spend Matters PRO subscribers, read on! If you are procurement practitioner who is a Plus subscriber and want access, please contact us and we’ll send you a copy.
In a recent Spend Matters post, we discussed the challenge of T&E spend compliance and getting good analytics in this area. If you can feed your T&E spend and p-card feeds into a generic, but strong, spend analysis tool, you can get some level of insight on non-compliance here. But if you don’t have such a tool or you really want to go deep, you should check out Oversight Systems. The company just published the second edition of its T&E spend analysis report. It has many interesting findings, but what's really interesting, however, isn’t the summarized statistics but some of the details around the non-compliant spending behaviors caught by Oversight’s tools. In part one of this PRO research brief, we take a look at Oversight’s tools and speak with the company's CEO to deepen our analysis of this niche provider. For Spend Matters PRO subscribers, read on! If you are procurement practitioner who is a Plus subscriber and want access, please contact us and we’ll send you a copy.
Gaining better compliance on your spending is not a new topic, but it’s still a daunting one for many reasons. Compliance takes many forms: regulatory compliance, internal compliance to contract, supplier compliance to contract and source-to-pay process compliance that affects the others. Therefore, your compliance analytics have to accommodate many different requirements, and we recommend including these analytics on your evolutionary journey from simple forensic “spent analysis” of PO and accounts payable (A/P) history to more strategic predictive supply analytics.
Uber and Lyft ridesharing services are now more popular than taxis and even slowly surpassing car rentals among business travelers, according to the new Q3 SpendSmart report by Certify. Uber accounted for 31% of all ground transportation transactions among business travelers, the report stated. Traditional taxi services accounted for 22%. While car rentals are overall the most popular expensed ground transportation for business travelers, accounting for 44%, Certify reported ridesharing services surpassed car rentals in Boston for the first time.
U.S. businesses will increasingly spend more on travel this year and next, but growth in spending is softening due to the drop in oil prices and global economic conditions, according to the latest Global Business Travel Association (GBTA) BTI Outlook for the third quarter of 2015. Overall business travel spending is expected to grow 3.1% in 2015. Next year, that growth is predicted to rise 3.7%, the report said.