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Travel and Tourism Industry: Difference between revisions
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[[File:Screenshot 2023-08-03 125815.png|center|thumb|<ref>https://www.emburse.com/learn/blog/spendsmart-travel-trends-q2-2023</ref>]] | [[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. | * [[File:Screenshot 2023-08-03 130858.png|thumb|215x215px|<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.''' | * 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.'''<ref>https://www.emburse.com/assets/pdfs/23.emb.com_q2_business-travel_infographic_fnl-1.pdf</ref> | * '''The average rental was $105.75 per day, which is 150% higher than the same quarter last year and 80% higher than Q1 2023.'''<ref>https://www.emburse.com/assets/pdfs/23.emb.com_q2_business-travel_infographic_fnl-1.pdf</ref> | ||
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