Prepared for Dan P. | Delivered March 8, 2020
Global Corporate Travel
To determine the number of business trips that Fortune 1000 companies make while having an employee count of 33.9 million.
Fortune 1000 companies seemingly spend
$1.25 trillion on business travel
annually and they are being targeted by the likes of FlitWays with its offering of an Enterprise-level booking suite.
In 2015, the number of domestic and overseas business trips was expected to reach
490.4 million in the U.S
Business trips were also expected to contribute
in the same year.
of the business travelers are males with majority working in a tech or managerial position.
Majority of the trips
are less than 1000 miles but those that are in fact long distance trips typically require employees to travel 250 miles or fewer.
Average businesses that don't travel in their first year,
forfeit 17% in profits
The number of business trips in the U.S. were expected to increase to
502.8 million in 2016.
Fortune 1000 companies
are also using Airbnb for their business travel, one of them being Google.
Amazon business trips that required air travel amounted to "
$220 million in flights
in 2017" and it is one of the leading companies that purchase corporate air travel.
The total number of business trips done annually is
and this amounts to an industry valued at $251 billion.
On average, companies spend
$949 per person
for domestic business trips and $2,600 per person for international business trips.
Overall, the domestic business travel amounts to
while the international business travel amounts to $31.6 billion.
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