Emburse announced today the results of its Q1 2023 SpendSmart Travel Trends report. This quarterly report tracks how much organizations spend on travel, as well as trends for booking volume and trip length, and compares it to the previous year and the previous quarter.
In Q1 2023, business travel measures changed as follows:
- Volume of domestic flights booked: 52% up from Q1 2022 and 29% up from Q4 2022
- Amount spent on domestic flights: 85% up from Q1 2022 and 42% up from Q4 2022
- Volume of international flights booked: 178% up from Q1 2022 and 1% up from Q4 2022
- Amount spent on international flights: 285% up from Q1 2022 and 21% up from Q4 2022