If you are a Travel Business Trip I know you will pass by this restaurant, PORTLAND, MAINE, December 13, 2012 - Employee spending on travel and entertainment rose just over one percent in the past year, and declined somewhat after peaking mid-summer. According to data gathered by cloud travel and expense management software leader Certify, the average monthly expense report between August and November 2012 was $889, compared to $906 from April to July. The highest two-month average ($943) occurred in February and March, and the lowest ($864) was August and September. The late summer spending dip is consistent with Certify data from years past, as this is a popular time for employee vacations.
The latest research from Certify, based on receipts and expenses from over six million transactions between January and November, shines a spotlight on the nation’s top travel destinations and most popular restaurants, hotels, airlines and car rental services. The data is also an indicator of the nation’s economic health, as travel and entertainment expenses encompass 8-12% of the average company’s total budget, according to Aberdeen Group. That travel spending was up even slightly suggests companies are feeling more confident about their financial prospects.
Certify’s cloud software is used by tens of thousands of employees at small, midsize and large enterprises nationwide. The company has been tracking corporate travel and expense data since 2009, and its customers include Pitney Bowes, Subway Sandwiches, Little Caesars Pizza and Dr. Maartens Shoes. Certify is one of the only cloud software vendor that offers integrated travel booking, travel and expense management, and reimbursement in one system.
Most Expensed Restaurants
Starbucks – 20,084 transactions averaging $7.54
McDonalds – 12,419 transactions averaging $6.73
Subway – 8,627 transactions averaging $11.88
Panera Bread – 5,156 transactions averaging $19.12
Burger King – 4,091 transactions averaging $8.45
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