Travel & Transport Payment Performance: Modest Improvement Observed, 71.9 to 73.0

The Comparison

• 2022: Analysing 93 companies, the sector achieved an average payment performance score of 71.9 out of 100.
• 2023: A larger sample of 100 companies shows a slight increase, resulting in an average score of 73.0 out of 100.

What This Means

The 1.1-point increase suggests a marginal positive shift in payment practices within the travel and transportation sector. While the change is statistically present given a larger sample size, its practical significance is limited, implying underlying challenges with timely payments remain prevalent. Companies struggling with late payments can use this late payment calculator to assess the financial impact of payment delays.

In Summary: Payment performance in Travel & Transportation saw a small increase from 71.9 (2022) to 73.0 (2023).