SpendSmart™ Report
SpendSmart™ Report
Half-Year 2020
January 1 - July 31, 2020
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Download the SpendSmart™ Travel Trends Q2 Insights 2019-2022 in PDF format
The Certify SpendSmart™ Report analyzes the most recent business expense and vendor ratings data from Certify users. The findings offer valuable insights into key spending trends for financial professionals and suppliers to the T&E market.
H1 T&E BUDGET SPEND
Miscellaneous spending overtook Ride Hailing as the most expensed category with 16.5% of all transactions. Supplies also increased by 82% compared to H1 2019-reinforcing the value in reviewing and analyzing company spend annually.
T&E Category Benchmark Averages in H1 2020
% of receipts by category
MISCELLANEOUS 16.5%
MEALS 15.8%
RIDE HAILING 13.3%
FUEL 12.0%
AIRFARE 11.0%
HOTEL 9.0%
SUPPLIES 8.7%
CELL PHONE 5.3%
CAR RENTAL 3.2%
SHIPPING 2.5%
GROCERY 1.8%
TOLLS 0.5%
PARKING 0.4%
AVERAGE TRANSACTION BY EXPENSE CATEGORY
Eight out of thirteen categories saw an increase in average cost compared with H1 2019. The Miscellaneous category saw the largest increase at $31.85, while the Airfare and Supplies decreased...