Travel And Transportation Payment Trends: 2020 vs 2021
Travel & Transportation Payment Practices: Minor Improvement Observed (64.9 to 67.8)
The Comparison
- 2020: Analyzed 104 companies in the Travel and Transportation sector, achieving an average payment practices score of 64.9 out of 100.
- 2021: Assessed 93 companies, resulting in an average score of 67.8 out of 100.
What This Means
The data reveals a small increase of 3.0 points in the average payment practices score between 2020 and 2021, suggesting a marginal improvement in how companies within the sector manage payments. While positive, the limited score increase may reflect the ongoing impact of external economic pressures. See how late payment is impacting your business with this late payment calculator.
Payment practices in Travel and Transportation show a minor uptick from 64.9 (2020) to 67.8 (2021).
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