Concur, an SAP company and a leading provider of integrated travel and expense management solutions, has released an in-depth analysis based on a subset of Concur customer data representing $77 million in Airbnb spend and more than 320,000 Airbnb expenses over eight quarters.
The findings showed which industries and segments are driving Airbnb usage in business travel. Airbnb usage also showed strong growth over time, including the number of business travellers expensing Airbnb accommodations, which grew 44 percent year-over-year in Q2 2016.
“Concur travel and expense data shows us that while Airbnb usage is growing across all segments and industries, momentum is strongest among small and midsized businesses and in the tech and higher-ed segments,” said Tim MacDonald, executive vice president of Global Products at Concur. “While hotel spend still accounts for the majority of business lodging spend, there’s an increase in business travellers exploring alternative lodging, especially during major conferences and events.”
Concur found the number of organizations using Airbnb increased by 32 percent and overall spend increased by 42 percent year-over-year, from Q2 2015 to Q2 2016. The average Airbnb expense was $242, but average cost varied among major U.S. cities.