Companies Spend $111.7 Billion Annually on Business Travel

A new study found that companies spend more than $111.7 billion on business travel every year, with the average cost of a work trip totaling $1,286.

According to Runzheimer’s Business Travel Expense Trends: Conference Travel Costs report, New York City topped the list as the most expensive place to visit on business, with an average total cost of $1,633.

As for the other most expensive cities to do business, San Francisco, Boston, Seattle and Washington round out the top five.