New stays for new ways

(Photo credit: iStock)
(Photo credit: iStock)

Travel expenses management solutions provider Concur has looked at customer data which represents $77 million in Airbnb spend through more than 320,000 Airbnb expenses claims over two years and has found that the number of business travellers expensing Airbnb accommodations is on the rise. 

Growing by 44% between April and June 2016 compared to the same period a year earlier, the company found that the number of organisations using Airbnb increased 32% which led to a 42% jump in spend by companies paying for business travel.

While Airbnb usage is growing across all industries, the strongest growth can be seen among small and midsized businesses with the tech and higher-education segments seeing more growth in particular. The number of business travellers who book Airbnb especially spikes during major conferences and events.

London, San Francisco, New York, Los Angeles, Paris, Austin, Seattle, Washington, D.C., Chicago, and Sydney are the top business travel destinations, with many visitors opting to stay in scenic neighbourhoods allowing them to combine business with pleasure.

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