AMEX survey
Findings of the first ever American Express Global Travel and Entertainment Management Survey
- Almost three quarters (73%) of corporations have one designated travel agency.
- Air fares account for 44% of a corporation’s travel and related expenditure.
- Economy fares account for 72% of all air business travel.
- Travel and related expenses account for 7% of total operating costs for corporations.
- Corporate cards are used by 79% of all corporations.
- Corporate travel policies are implemented by 83% of global corporations.
- A written travel and entertainment policy is now used by 83% of corporations worldwide.
- Travel and entertainment policies are reviewed on an annual basis by only 19% of companies.
- Only 43% of corporations address spouses or partners as part of their travel and entertainment policy.
- Sanctions such as salary deductions are imposed by 5% of corporations if their employees offend their travel policy.