These days everyone is trying to save money in every area of corporate life. It is no surprise that international corporate travel should come under the microscope. If you do not pay attention to all the important details, it is easy to waste money on business hotels and business trips.
With a little planning and a lot of care, however, you will find it much easier to save your company money on a business trip. When it comes to adopting “managed travel”, many companies are slowly catching up with their counterparts in more mature markets like the United States and Europe. Such companies refer to well-defined practices and policies that govern the way employees control business travel, which can help a company to gain control over its total spending.
So, if you want to save your company money on a business trip, these recommendations are really helpful. Look at them in detail to find out.
Corporate Travel Policy: Simple or Clear
Take a look at your current corporate travel policy and think if it covers every area of travel within your company. Focus first on getting the basics in order – a proper approval process with booking and reservation, on-site expenses, and spending guidelines available on AirlinesMap. Then, communicate the policy to your passengers. It is also important that your corporate travel policy is very clear so that there is no doubt about how the company’s money should be spent on business travel.
To ensure that your corporate travel policy is sufficiently clear that there are not too many gray areas but flexible enough to ensure that smart choices can be made.
Get More Savings on Flights Fare
Due to lack of knowledge, tips & tricks can let you face expensive flight tickets. So, be smart when you are ready to reserve a flight. The best way to save more on a flight booking is – Be flexible with travel dates and the airline you are using and booking economy class flight tickets only.
However, you can compare that booking made with flexible dates and travel plans are usually cheaper than the fixed travel plan. Only try to purchase the flexible tickets that offer you an option of return dates if they are absolutely necessary for your trip. Be smart and use one of the best online platforms – AirlinesMap that will help you to find the cheaper deals to the same location by comparing thousands of sites and save even more money.
Also, apply for alerts to know about airfare promotions and discounted rates that can provide you a mass reduction on your corporate travel costs.
Best use of your Employees Time
If your employees are booking their business trips, they are simply not focused on the job you are paying them to do. Some of them may be diligent enough to work for themselves on how to save their company money on a business trip, but most of them probably don’t have the time or inclination. If you are paying someone to do your job at a higher level, then it is probably not appropriate that you get them to work as a business travel agent at the same time.
Smart Pre-Trip Approval process
Having an approval system for every booking is one of the simplest ways to reduce your corporate travel expenses. By clarifying who needs to be approved for the trip, you do not have travel problems, as they get canceled after being booked, triggering wasted expenses. Many companies still manage pre-trip approval processes manually. They may have a full team viewing thousands of bookings every month to compile with the travel policy.
Don’t look at hotel room rates, look at the total cost of the stay
Being smart with hotel booking can lead to big savings. Hotel room rates often include a relatively small portion of the total cost of a stay, once you factor in expenses such as meals, laundry, and airport transfers. This is especially true for longer stays. When negotiating with hotels, try to tie these additional expenses to the room rate. From time to time you may also receive promotional rates only on Airlinesmap, which include additional benefits such as breakfast or room service.
Reward Your Employees – And Your Business
Whenever your passengers choose the more cost-effective option, they are saving the company money. Over a year, it can add up. So how about giving them an incentive to pay further savings? This can be a voucher for their favorite store, a portion of the savings, or closing time – just to thank the staff for reducing their travel costs and encouraging them to do so.
Plan Ahead
This is the golden rule when it comes to saving money in any sense. In the world of corporate travel, it is always wise to book flights and hotels in advance as they can dramatically increase in value over time. By using tools like you can get a better understanding of ticket prices in advance, as well as booking trends, hotel rates, and more.
Final Thoughts
Here in this blog, we’ve listed down the tips to save your company money on business travel, review your corporate travel policy, make the best use of your employee’s time, incentivize employees to spend less and more. So, be flexible to generate corporate travel savings challenges. However, there are ways to keep costs down without compromising.
from Feedster https://www.feedster.com/travel/how-to-save-money-on-business-travel/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-save-money-on-business-travel
No comments:
Post a Comment