Travel Planning and Organisation

Payment Behaviour Analysis: travel planning and organisation Sector

Based on a comprehensive review of 58 organisations, this report serves to analyse the prevailing payment behaviour within the travel planning and organisation sector. The data reveals a highly efficient payment ecosystem, characterised by a strong central tendency towards early settlement. The average payment time is recorded at 23.2 days, whilst the median stands at 22 days. This close alignment between the mean and the median suggests a stable payment culture where extreme outliers do not heavily distort the overall picture. With a standard deviation of 12.9 days, the variance in payment practices is relatively contained. Consequently, this sector demonstrates a reliable cash flow profile, which is likely to find favour with suppliers and credit insurers alike who value predictability in their ledgers.

A detailed distribution analysis highlights that the sector is overwhelmingly comprised of prompt payers. An impressive 77.6 per cent of the sample (45 companies) fall within the 'Fast' category, settling invoices between 0 and 30 days. Further scrutiny of the quartiles reveals that the top 25 per cent of companies realise payments within just 14 days, demonstrating exceptional liquidity and administrative efficiency. Amongst these top performers, the fastest payer settled accounts in a mere 5 days. Conversely, the 'Slow' (46-60 days) and 'Very Slow' (61-90 days) categories are sparsely populated, containing only 3.4 per cent of companies each. It is particularly notable that zero companies were found in the critical 90+ day bracket. This absence of severe delinquency indicates that whilst some payments may be delayed, the risk of total default or long-term debt recovery issues remains minimal within this industry.

However, one must look beyond the raw speed to understand the complete picture of transactional discipline. Although 80.1 per cent of invoices are paid within 30 days, the analysis indicates a late payment rate of 19.1 per cent. This disparity suggests that whilst payments are generally swift, a significant minority of transactions still miss their specific contractual due dates—likely a result of rigid short-term contracts (e.g., 14 days) being missed by narrow margins. Geographically, the dataset is heavily centred on the South, with London and the South East accounting for 37 of the 58 companies. As the majority of the sample is located in these commercial hubs, the behaviour observed is largely reflective of the capital's business practices. Overall, analysts specialising in credit risk would view the travel planning and organisation sector as a low-risk environment, characterised by swift turnaround times and a reassuring lack of critical payment failures.