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Travel and Tourism Industry: Difference between revisions
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* In Q1 2023, car rentals for business trips increased by '''36% over Q2 2022 and by 25% over Q1 2023'''. Car rental durations averaged 5.2 days per trip, reflecting a 5% drop over the same quarter last year. | * In Q1 2023, car rentals for business trips increased by '''36% over Q2 2022 and by 25% over Q1 2023'''. Car rental durations averaged 5.2 days per trip, reflecting a 5% drop over the same quarter last year. | ||
* Despite the drop in duration, spend on car rentals for business trips was up significantly this quarter. In total, companies '''spent 224% more on car rental booking over Q2 2022 and 172% more over Q1 2023.''' | * Despite the drop in duration, spend on car rentals for business trips was up significantly this quarter. In total, companies '''spent 224% more on car rental booking over Q2 2022 and 172% more over Q1 2023.''' | ||
* '''The average rental was $105.75 per day, which is 150% higher than the same quarter last year and 80% higher than Q1 2023.''' | * '''The average rental was $105.75 per day, which is 150% higher than the same quarter last year and 80% higher than Q1 2023.'''<ref>https://www.emburse.com/assets/pdfs/23.emb.com_q2_business-travel_infographic_fnl-1.pdf</ref> | ||
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==== Hotel ==== | |||
* In Q2 2023, business travelers averaged 4.18 nights per hotel stay. This reflects a 3% decrease in trip length over the same quarter in 2022 and a 3% decrease in trip length compared to Q1 2023. | |||
* The number of hotel reservations is up 50% over Q2 2022 and 15% over the previous quarter. | |||
== References == | == References == | ||