Businesses Travel Spend Up Substantially YoY Despite Tighter Budgets and Economic Uncertainty
Article - Businesses Travel Spend Up Substantially YoY Despite Tighter Budgets and Economic Uncertainty - In Q4 2022, business travelers averaged 4.13 nights per hotel stay. This reflects a 55% increase in trip length over the same quarter in 2021. Compared to Q4 2019, however, it shows an 8% decrease in trip length. The number of hotel reservations is up 89% over Q4 2021 but still 45% lower than in 2019.
Source: hotelnewsresource.com