Road Travel Payment Performance Sees Minor Improvement: 2023 Average Score Rises to 67.2, Up From 66.8 in 2022

The Comparison

• 2022: A total of 284 road travel companies were assessed, resulting in an average payment performance score of 66.8 out of 100.
• 2023: The assessment expanded to include 310 companies within the road travel sector, yielding an average payment performance score of 67.2 out of 100.

What This Means

While the road travel industry saw an increase of 26 participants and a slight average score improvement of 0.4 points, this movement represents a marginal shift in overall payment performance. Given the increase in sample size, the limited growth suggests consistent, but not significantly improved, payment practices across the sector. Firms facing challenges might find value in using a late payment calculator to assess the cost of delays.

In summary, the road travel sector's payment performance in 2023 saw a minimal improvement, with an average score of 67.2 based on 310 companies, compared to 66.8 across 284 companies in 2022.