French Employee Expenses Show 16% Surge in H1 2023, Reveals Expensya Study
Expensya has released a new study outlining the significant trends in French employee expenses during the first half of 2023.
According to the analysis, expenses per employee saw a remarkable 16% increase in the first half of 2023 compared to the same period the previous year. Delving deeper into this trend, it becomes evident that during the first quarter of 2023, expenses surged by 26.9%. This can be attributed to substantial inflation and fewer COVID-related restrictions compared to the first quarter of 2022. In the second quarter of 2023, the trend moderated, with a 7.2% increase, primarily due to persistently high inflation.
During this initial half-year period, transportation took the lead as the dominant professional expenditure (53.04%), followed by dining (19.08%), utility expenses (12.15%), and accommodation (10.43%).
The report highlights that transportation has emerged as the foremost professional expenditure category for French employees in the first half of 2023, exhibiting a 2.95% increase in the overall total compared to 2022. French employees have shown a preference for train travel, followed by car and air travel. Regarding long-distance travel, they primarily opt for the following three airlines: Air France, EasyJet, and Transavia.
In the second position of the report are dining expenses, accounting for 19.08% of the total. This category's share has slightly decreased compared to the previous year (-0.47%). McDonald's remains the preferred dining choice for the French.
The third category pertains to utility expenses (including telecommuting-related costs), constituting 12.15% of the total and showing a 2.59% decline in distribution compared to 2022. Leading brands in this category include Amazon, Orange, and Leroy Merlin.
Accommodation expenses secure the fourth position, representing 10.43% of expenditures. There is a minimal decrease in the category's share compared to the first half of 2022 (-0.15%). French consumers favor establishments such as Ibis, Mercure, and Airbnb.