Corporate travel is expected to rebound with as many as 77 per cent of Indian businesses expecting a rise in their travel budget in 2023 as compared to 2022, said a survey commissioned by American Express.
In terms of the practical methods used to pay for travel expenses, the most common way, used by two-thirds of companies (66 per cent), is that the business has company accounts with third party booking systems.
However, most businesses reported using multiple methods, with 61 per cent saying they let employees pay and expense, and 57 per cent saying they provide employees with access to a company credit card, the survey said.
