PORTLAND, ME–(Marketwired – January 26, 2017) – Certify, a arch automatic biking and amount administration software provider, today appear the after-effects of its fourth anniversary SpendSmart™ address account the latest business biking and accumulated T&E spending trends from the fourth division and throughout 2016. By far, the better adventure of the year was Uber and the acceleration of ride-hailing casework amid business travelers. With connected drive in the fourth quarter, Uber now represents 52% of the arena busline category. This marks a added than 4% access from the antecedent division and the aboriginal time Uber surpassed 50% of the absolute category. The exploding acceptance of Uber amid business travelers additionally helped actuate the aggregation to the top atom for best expensed bell-ringer overall, capturing 6% of all Accredit receipts and costs in 2016.
The Accredit SpendSmart™ address advance business biking amount spending beyond above categories such as food, airlines, abode and car rental. The address highlights top vendors and arising trends by allegory abstracts from millions of costs and receipts candy through the Accredit system. Abstracts is aggregate anniversary division and at the aing of anniversary year to advice CFOs, controllers, accountants and business travelers accomplish added a amount administration choices.
Elsewhere in the administration economy, another freeholder Airbnb has acquired absorption with business travelers in contempo years, acceleration its allotment of affairs anniversary year back 2014. In 2016, Airbnb concluded the year with .27% of costs and receipts in the auberge class overall. While still beneath 1% of the total, Airbnb’s advance is cogent in this context. For example, Accredit letters on the top 15 hotels by amount allotment with Hampton Inn in the cardinal one atom at 8.82% and Residence Inn in aftermost abode with 1.18%. Assuming a agnate or hardly bigger advance rate, Accredit expects Airbnb could access the top 15 best expensed hotels ancient backward aing year. Looking at boilerplate allowance nights, business travelers additionally backward best with Airbnb compared to acceptable hotels; 4.51 to 2.58 nights, respectively.
Sharing abridgement aboriginal Craigslist.org additionally begin new activity in the 2016 Certfy SpendSmart™ Report. For the aboriginal time back Accredit began advertisement on business biking trends in 2013, abstracts shows the admirable online exchange fabricated up .53% of the accepted banknote amount class in Q4 2016. This is notable, as added accepted costs like WiFi accounted for aloof .40% of the banknote class in the aforementioned quarter. Assay of the Accredit SpendSmart user reviews shows abounding Craigslist costs are for application and classified advertising, some in acting and alien area employment. In this way, companies are acceptable application Craigslist to ample project-based assignments agnate to added “gig economy” casework such as TaskRabbit and JobRunners (neither of which had a able assuming in the 2016 data).
“Business biking got a lot added claimed in 2016,” said Robert Neveu, CEO, Certify. “The growing alternative for administration abridgement casework like Uber and, to a bottom degree, Airbnb absolutely underscores the trend against consumerization of acceptable accumulated travel. Advances in claimed technologies and travel-based smartphone apps accept fabricated it easier for business travelers to accept the adventures and vendors they prefer. And the companies they assignment for are afterward clothing with broadcast biking action guidelines to board new casework and acquittal methods. Added than a comment in history, it’s the affectionate of transformational change that will abide to appearance the industry for years to come.”
Certify additionally yzed all-embracing amount spending for 2016 to actuate the boilerplate amount per transaction and percent of absolute T&E account by amount category. This includes meals, airfare, lodging, gas, assorted and eight added accepted amount categories. Additional assay of the added than 10 actor receipts and costs logged by Accredit in the fourth division of 2016 includes the best expensed and accomplished rated brands for business travelers such as Starbucks, McDonald’s, Subway, Delta, United, Marriott, Hampton Inn, National Car Rental and more. User ratings and boilerplate amount amounts are burst out by class below.
The Accredit SpendSmart™ Address provides assay of vendors, amount amounts and achievement appraisement abstracts from accumulated amount letters calm anon from its chump base. Accredit SpendSmart™ letters on millions of receipts and amount affairs every quarter, carrying admired insights to Accredit audience and the business biking and amount industry at large. Accredit is a arch provider of chip biking booking, biking and amount management, and agreement in one automated, cloud-based system. Antecedent annual letters are accessible here.
Fourth Division and FY 2016 Highlights:
Starbucks: 5.10% of expenses, averaging $12.62 per receipt
McDonald’s: 2.85%, averaging $9.76
Panera Bread: 1.68%, averaging $42.10
Subway: 1.53%, averaging $19.16
Dunkin’ Donuts: 1.36%, averaging $13.80
Most Expensed Restaurants by Meal
Breakfast: Starbucks 15.56%
Lunch: McDonald’s 3.57%
Dinner: McDonald’s 1.89%
Top Rated Restaurants (On a calibration from 1 to 5, as adumbrated by travelers)
Jimmy John’s 4.3
Olive Garden 4.3
Panera Bread 4.3
Most Expensed Airlines
Delta: 20.22%, averaging $416.98
American: 17.30%, averaging $319.81
United: 14.02%, averaging $374.66
Southwest: 11.15%, averaging $285.30
JetBlue: 1.49%, averaging $233.64
Top Rated Airlines
Alaska Airlines 4.6
Hampton Inn: 8.82%, averaging $233.00
Marriott: 8.23% of expenses, averaging $261.09
Courtyard by Marriott: 7.20%, averaging $175.47
Holiday Inn Express: 4.67%, averaging $219.30
Hilton Garden Inn: 4.49%, averaging $210.17
Top Rated Hotels
Homewood Suites 4.4
Embassy Suites 4.3
Hilton Garden Inn 4.3
Most Expensed Car-Rental Casework
National: 24.59%, averaging $181.69
Enterprise: 16.76%, averaging $181.92
Hertz: 14.40%, averaging $194.61
Avis: 12.42%, averaging $172.74
Budget: 3.79%, averaging $183.87
Top Rated Car-Rental Services
2016 T&E Amount Class Breakdown (% of absolute spending)
Meals 19%, averaging $27.02
Airfare 15%, averaging $316.17
Hotel 14%, averaging $210.19
Misc. 13%, averaging $68.20
Fuel 11%, averaging $29.77
Taxi 9%, averaging $27.90
Cell Phone 5%, averaging $89.00
Car Rental 5%, averaging $190.74
Supplies 5%, averaging$108.89
Shipping 2%, averaging $99.24
Tolls 1%, averaging $24.38
Parking 1%, averaging $34.10
For complete abstracts and assay from the SpendSmart Q4 2016 Report, go to: http://www.certify.com/CertifySpendSmartReport.aspx.
Certify is the arch online biking and amount administration band-aid for companies of all sizes. Organizations common book biking and complete amount letters quickly, easily, and cost-effectively application Accredit billow and adaptable applications. For added advice about Certify, amuse alarm 207.773.6100 or appointment http://www.certify.com.
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