Travel & Transportation Payment Scores Dip Slightly: 73.0/100 in 2023 to 72.7/100 in 2024

The Comparison

• 2023: Analyzed data from 100 companies in the Travel & Transportation sector, revealing an average payment score of 73.0 out of 100. This suggests a relatively healthy, albeit not perfect, adherence to agreed payment terms across the industry.

• 2024: The analysis encompassed 91 companies, indicating a slight contraction in the sample size. The average payment score decreased to 72.7 out of 100, representing a marginal decline in overall payment performance.

What This Means

The modest decrease of 0.3 points suggests a slight weakening in payment practices within the Travel & Transportation sector between 2023 and 2024, although the overall scores remain relatively similar. While the reduced sample size in 2024 might contribute marginally to the change, the downward trend warrants attention, indicating potential shifts in financial stability or operational efficiency among sector players. Businesses struggling with late payments can use this late payment calculator to assess the impact on their cash flow.

In 2024, the average payment score for Travel & Transportation fell to 72.7/100 from 73.0/100 in 2023.