Room for Savings: Optimizing Hotel Spend - Carlson
Room for Savings: Optimizing Hotel Spend - Carlson
Room for Savings: Optimizing Hotel Spend - Carlson
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<strong>Hotel</strong> spend represents nearly 40 percent of total travel spend<br />
1. <strong>Hotel</strong> spend is often underestimated,<br />
although it represents nearly 40 percent<br />
of total travel spend<br />
<strong>Hotel</strong> spend accounts <strong>for</strong> nearly 40 percent of business travel spend on average and even<br />
more in some cases, according to CWT analyses. This finding may surprise travel managers,<br />
who estimate their companies spend on average 28 percent of their travel budgets on<br />
hotels. At the same time, survey respondents acknowledge the benefits offered by<br />
improved hotel spend management, making it a priority in their travel programs.<br />
Underestimated spend<br />
Surveyed travel managers say hotels account <strong>for</strong><br />
28 percent of their companies’ total travel<br />
budgets on average. Eighty-three percent believe<br />
the share of hotel spend is under 35 percent<br />
(Figure 13).<br />
Figure 13: Surveyed travel managers believe hotels account <strong>for</strong> 28 percent of their companies’<br />
total travel spend on average<br />
Source: CWT Travel Management Institute<br />
Based on a survey of travel managers (79 responses)<br />
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