NEW YORK ( MainStreet) -- Think the shaky economy's taken a toll on business travel? Take a closer look at those expense forms.Redmond, Wash.-based travel and expense management company Concur recently looked over data from 15 million of its business travel users and found 500 million expensed items that added up to $50 billion in travel spending for last year alone. In the U.S., average spending on business airfare increased 6.6%, while spending on hotel rooms jumped 4.15%. Those categories alone account for nearly 54% of all business spending.
10 Business Travel Cities With Big Expenses
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.