ASIATravelTips .com, 31 May 2007
A new global survey commissioned by Visa International and the Association of Corporate Travel Executives (ACTE Global) and conducted by analyst firm Aberdeen Group has revealed a 44% increase in travel and entertainment spending on corporate cards in Asia Pacific during 2006, compared with 2005. This was twice the average global percentage increase during the same period and equated to an average annual spend of more than US$17,300 on travel and entertainment per company surveyed in Asia Pacific.
The survey, titled “Global Commercial Payment Cards: Cutting Costs and Boosting Control on a Global Stage”, also found that of the companies surveyed in Asia Pacific, 69% have implemented a compulsory policy of corporate card use for travel and entertainment, while 78% were looking at how to expand their card programs to non-travel related expenses.
