Hotel & Resort
Travel Leaders Finds Business Travel Costs Rise in U.S., Drop Internationally
Business travel costs have risen domestically but have fallen internationally during the second quarter of 2013, according to Travel Leaders Corporate.
The business travel unit of Travel Leaders recently released that information and other travel data that compares the average costs of international and domestic trips (air, car and hotel) for its business clients. Taken as an individual component, however, car rental costs declined domestically and internationally.
The average cost of an international trip, including all components, was $2,398 in the second quarter of 2013. That represents a decrease from the first quarter of 2013, when it was $2,534, and from the second quarter of 2012, when it was $2,552.
Meanwhile, the average cost of a domestic trip increased to $965 in the second quarter of 2013, compared with the first quarter, when it was $953. However, it is still lower than second quarter of last year, when it was $981. The average daily rate for a car rental is down 1 percent domestically and 5 percent internationally, compared to the first quarter.
Travel Leaders Corporate also identified the breakdown in what classes of air service its business clients booked for long-haul flights (those lasting seven or more hours) in the second quarter of 2013 and found that, on average, 9 percent of those travelers booked first class, 23 percent booked business class, 20 percent booked premium coach, and 48 percent booked coach.
Among other second-quarter findings: The average cost of clients’ international airline tickets was $1,624, compared with $1,698 in the first quarter. In addition, airfare costs account for 67.7 percent of the overall international trip cost (versus car rental and hotel). The average cost of a domestic airline ticket ($443) increased 6 percent over the first quarter of this year. But that cost is nearly identical to the average cost of a domestic ticket in the second quarter of 2012.
The average nightly rate for a domestic hotel room increased 3 percent over the first quarter of this year, and the average nightly rate for an international hotel room decreased by 3 percent.
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