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Travel and Tourism Industry: Difference between revisions
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* The UNWTO Panel of Experts survey indicates that almost 70% of experts expect better performance in May-August 2023. Yet, most continue to believe international tourism will not return to 2019 levels until 2024 or later. | * The UNWTO Panel of Experts survey indicates that almost 70% of experts expect better performance in May-August 2023. Yet, most continue to believe international tourism will not return to 2019 levels until 2024 or later. | ||
* UNWTO’s forwardlooking scenarios for 2023 which projected international arrivals to recover 80% to 95% of prepandemic levels by the end of this year. | * UNWTO’s forwardlooking scenarios for 2023 which projected international arrivals to recover 80% to 95% of prepandemic levels by the end of this year. | ||
== Emburse == | |||
The data in the Emburse Business Travel Index represents 150,000 individual transactions made by travel management companies using Emburse’s expense management platform for business travel expenses. It reflects the months of April, May, and June collectively (Q2) for the years 2019, 2020, 2021, 2022, and 2023. <ref>https://www.emburse.com/company/</ref> | |||
=== Q2 2023 === | |||
==== Car Rental ==== | |||
[[File:Screenshot 2023-08-03 125815.png|center|thumb|<ref>https://www.emburse.com/learn/blog/spendsmart-travel-trends-q2-2023</ref>]] | |||
* In Q1 2023, car rentals for business trips increased by '''36% over Q2 2022 and by 25% over Q1 2023'''. Car rental durations averaged 5.2 days per trip, reflecting a 5% drop over the same quarter last year. | |||
* Despite the drop in duration, spend on car rentals for business trips was up significantly this quarter. In total, companies '''spent 224% more on car rental booking over Q2 2022 and 172% more over Q1 2023.''' | |||
* '''The average rental was $105.75 per day, which is 150% higher than the same quarter last year and 80% higher than Q1 2023.''' | |||
== References == | == References == | ||