Business travel is a vital part of the American economy, accounting for nearly 30 percent of all domestic travel. This type of travel is often seen as a necessary expense for companies, as it allows employees to meet with clients, attend conferences and take part in other business-related activities. As such, it is important to understand the landscape of business travel in the United States so that employers can make informed decisions about how to allocate their resources.
According to the US Travel Association (USTA), business travelers account for a whopping 70 percent of all domestic spending on trips. On average, US companies spent $2,783 per person on domestic business trips in 2018.
This figure was up from $2,769 in 2017 and $2,741 in 2016. The increase could be attributed to businesses looking for ways to expand their reach and stay competitive.
The majority of business trips are made by professionals aged 35-54 who are typically well-traveled and have higher disposable incomes than other age groups. Nearly 60 percent of all corporate travelers are male with an average age of 41 years old while 40 percent are female with an average age of 41 years old. In addition, over half (52%) work for large companies with annual revenues over $1 billion.
Business travel can be expensive but can also bring significant benefits to companies if done correctly. For example, face-to-face meetings allow for more effective communication and collaboration than video conferencing or phone calls; they also give businesses the opportunity to showcase their products and services in person. Additionally, attending conferences can help employees stay up-to-date on industry trends and best practices.
Conclusion:
What percent of US travel is business? It’s estimated that around 30% of all domestic travel is dedicated to business purposes such as attending conferences or meeting with clients.
Companies spend an average of $2,783 per person on domestic business trips each year which accounts for 70% of total spending on trips within the US. Business travel often comes with high costs but can also bring significant benefits if done correctly.
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