Business travel doesn’t always have to send employees to undesirable destinations. Oftentimes, the international trips can land travelers in some of the world’s most beautiful cities.
According to Concur Technologies, more than $50 billion was spent on corporate travel in 2013.
Each quarter, companies are spending more than $700 on each employee for airfare and more than $600 on hotel stays, totaling upwards of $2,500 per traveler each quarter on plane tickets, lodging, dining, entertainment, ground transportation and car rentals.
Top business travel destinations
These are the most popular cities for business travel:
- London has been the top business travel destination since 2011 and companies spend more than $500 per traveler for each trip.
- The average spend per individual on business trips to Shanghai totaled more than $280.
- On travel to Singapore, companies will spend an average of $414 per employee.
- Spending in Beijing averages approximately $278 per traveler.
- Trips to Tokyo cost companies $540 for each individual who goes there.
- Toronto is one of the most visited international cities for business travel and companies will spend almost $400 per employee on trips there.
- Visits to Hong Kong average $428 per traveler.
- Paris, a popular destination for business and luxury travel, sees approximately $460 spent per employee.
- The average spend per traveler to Mexico City is $288.
- Companies spend more than $370 per traveler on trips to Sao Paulo.
Other top visited cities include Vancouver, Sydney, Madrid, Dublin and Frankfurt.
Most expensive cities for business travel
It’s not always cheap to send employees on business trips across the world. Concur Technologies also determined the most expensive international cities for business travel:
There’s also a list for the most expensive U.S. cities for company travel, including:
- New York
- San Francisco
- Garden City, New York
- Washington, D.C.
- Long Island City, New York
- Las Vegas
- Santa Clara
Top spend categories in the U.S.
Companies spend the most money each year on airfare followed by lodging, dining and entertainment.
Concur Technologies also found that companies are spending an average of $394 on meetings when they send employees out on business travel, slightly more than $370 on training and an average of $178 on car rentals and ground transportation.
Spending on lodging has risen by 5 percent from 2011 and spending on meetings has decline by almost 10 percent.