This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Concur Study Reveals Road Warriors Packing More Mobile Apps Than Ever, But Are They The Right Ones?

Stocks in this article: CNQR









REDMOND, Wash., Oct. 16, 2012 /PRNewswire/ -- Business travel got you down? You're not alone. A recent study conducted by Concur (NASDAQ: CNQR), a leading provider of integrated travel and expense management solutions, reveals some major pain points that are leaving business travelers feeling unhappy (55 percent) and dissatisfied (53 percent). While a third (31 percent) did report a sense of accomplishment upon completing a business trip, dissatisfaction was attributed largely to looming task of managing receipts and filing expense reports.  In fact, 80 percent said filing expense reports at the end of a trip increases their stress level and a third say the hassles of business travel impacts their overall job satisfaction.  

But all is not lost. More and more business travelers are turning to mobile technology, selecting apps specifically to enhance their business travel experiences and ease the pains of being on the road and away from the office. These apps enable travelers to make changes to their travel on the fly, capture expenses and receipts at the point of purchase, book a taxi or find their way around a new destination. Whether they leverage a corporate-issued app or are embracing the increasingly popular concept of "Bring Your Own Apps" (BYOA), 89 percent agree mobile technology improves their travel experience and more than half of business travelers (62 percent) are relying on apps every time they travel.

So what apps are travelers using to help navigate cities and reschedule booking? Most common applications include airline apps (44 percent), map apps (41 percent) and hotel apps (30 percent). And although expense reports were identified as a major pain point of business travel, less than a half of these travelers (43 percent) are leveraging apps to file their expenses while on the road. Below are additional key findings from the survey:

  • Travelers aren't using just one or two of these apps. Nearly a quarter of them (22 percent) use five or more business travel apps during their trips – hoping to stay productive in transit.
  • And the more frequent the business traveler, the more travel apps they use. Thirty-two percent of travelers who venture out on behalf of their company at least three times per month use five or more apps, compared to just 13 percent of those who travel less frequently (less than two times per month).
  • As may be expected in today's technology-savvy world, age also makes a difference in app usage. Surprisingly, more than half (60 percent) of business travelers 55 and older frequently use any travel app.

"Mobile devices and applications should put the business traveler firmly in control of their trip," said Rajeev Singh, president and COO of Concur. "Our mobile services are designed specifically to help alleviate the stress inherent in business travel, and deliver an experience that that brings the possibility of The Perfect Trip to life."

Concur Mobile Adoption

In the last year, Concur has seen 49 percent overall growth in new mobile app users, with continued strong adoption of the Concur app by road warriors on Android (58 percent growth), Blackberry (80 percent growth) and Apple iOS (64 percent growth). Concur has seen a 67 percent increase of business travelers submitting expense reports from their mobile devices since last year, and a 53 percent growth in those approving their expense reports on the road. In addition to leveraging Concur's mobile app, millions of travelers also use TripIt® on their mobile device to organize and share their trips.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,677.90 +216.58 1.32%
S&P 500 1,950.82 +23.71 1.23%
NASDAQ 4,452.7920 +69.9450 1.60%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs