Research Finds That Taxes Targeting Travel Services Increase Cost by 56%
Industry Says High Discriminatory Travel Taxes Deter Meetings, Harm Local Economy
Alexandria, VA (August 5, 2010) – The NBTA Foundation, the education and research foundation of the National Business Travel Association (NBTA), and Concur (Nasdaq: CNQR), the world's leading provider of on-demand Employee Spend Management services, today released the updated findings of an annual study of car rental, hotel and meal taxes in the top 50 U.S. travel destination cities. The study reveals that the discriminatory travel taxes and fees enacted on travel-related services – often to fund unrelated local projects – impose an average increased cost on visitors of 56% over general sales tax.
The full report is available exclusively to Concur clients and NBTA members and offers detailed insight for travel managers interested in understanding the impact that these taxes have on their business travel spend.
