Which city do business travellers spend the most time? According to Concur, a provider of travel and expense management services, London tops the list, followed by Shanghai, Singapore, Beijing and then Toronto.
The Concur survey, which was
based on 500 million expense lines gleaned from approximately 15,000 corporate
clients in 2011, also shows that business travel is getting more expensive due
to increasing airfares, pricier hotels and costly ground transportation such as
The most expensive international city for
business travel -- based on the average cost for dining, entertainment and
lodging -- was Tokyo, followed by Copenhagen, Perth, Sydney then Stockholm.
“The influence that Asia is increasingly
having on global business travel dynamics is clear,” said Isabel Montesdeoca,
senior vice president at Concur. “The popularity of financial capitals such as
London and Toronto also shows that the world’s finance industry contributes
significantly to the number of people out on the road.”
There’s a good chance that a number of Asian
cities would not have ranked in the top five 10 years ago, showing that the world’s
global economic focus has moved east and solidifying the need for business
travellers to visit this region. For the many travellers heading to one of the
top five most-visited business travel destinations, here is how the costs break
The English capital
is a global
finance and business hub, home to many multinational companies and the most
visited city by business travellers in 2011. Contrary to popular belief, the
city ranks sixth on the list of the world’s most expensive cities, but only
Sydney beats London when it comes to the average amount spent on a hotel room
-- it’s even more expensive than Dubai.
Almost half of the survey’s top 25 most visited
cities are in Asia, so it’s not surprising that Shanghai
ranks second. Located on China’s prosperous eastern shoreline, the city is
the gateway to the country’s manufacturing heartlands. While lodging, dining
and entertainment tend to be less expensive than in London, business travellers
spend slightly 16% more on car rental in Shanghai.
In the English-speaking financial hub for Southeast Asia, now a gateway
to booming, resource-rich Indonesia, it is fairly economical to get around
either by taxi, car rental or public transport. Yet business travellers to
Singapore tend to spend slightly more money on dining out than travellers to London.
Home to China’s political elite as well as
many multinational companies and their economic interests, it’s no surprise
that this northern capital ranks highly. “Many clients have long established
business relationships here that must be nurtured by regularly making sales
visits,” said Peter Muller, chief operating officer for Europe at ATPI, a travel management company. In Beijing, car
rental is more expensive than London, but lodgings are nearly half the price.
As the gateway to North America’s natural
resources industry (mining, energy, oil and gas), Toronto has been getting
increasingly popular as a place to do business. Pricewise, accommodation is competitive,
but when it comes to entertaining and dining out, Canada’s financial hub is even
more expensive than London. On the entertainment stakes, Toronto is number five
in the rankings, behind Tokyo first, then Copenhagen, Stockholm and Zurich in