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The True Costs of Last-Minute Travel Revealed

Last-minute business travel is costly, but what a difference one day can make in managing those costs. Concur, the world’s leading provider of integrated travel and expense management solutions, released an analysis of the true costs of last-minute business travel. On average, booking air travel seven or fewer days before a trip will cost on average 44% more than if it had been booked 15 days or more in advance. However, business travelers can cut this figure in half if they book just eight days in advance or more, resulting in fares that are just 22% more than booking 15 days in advance. Concur analyzed its own data to arrive at the findings. In 2015, the travel and expense management company processed transactions worth more than $70 billion, including costs associated with approximately 22 million U.S. domestic round trip airline bookings from 2011 to 2015 considered in this analysis. To read more at Travel Daily News, click here.

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