Highlights of the ‘CFO Innovation Asia’ survey:

India became the 10th largest business travel market in the world, spending a total of $22.1 billion on business travel and is expected to grow by 13.5% YOY

Eight out of ten of the executives surveyed say their people travel once a week (24%), once a fortnight (32%) or once a month (24%)

Delay of 5 days in a travel approval can push up airfare costs by 10%.

23% report a mix of methods (automated or semi-automated travel and expenses system), indicating that automation is catching-up in India