Last year, travel managers proved they can work with reduced budgets as a consequence of the global recession. The need to save led many companies to put new emphasis on individual expense blocks for business travel. Even though air travel still accounts for the highest expenses by far, its percentage is no longer above the magic 50-percent threshold.
In 2009, on a European average, expenses for air travel amounted to 48 percent of overall budgets, as compared to 53 percent last year. With a current share of 7 percent of overall expenses each, the railways and rental-car companies profited from the recession (railways plus two, rental cars plus one percent).
This is the finding of a market study conducted by AirPlus, the leading international provider of business travel payment and reporting solutions. The AirPlus Business Travel Index is based on the evaluation of more than 12 million annual flight bookings made by over 32,000 companies worldwide.
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June 30th, 2010 at 14:52 PM
Position: Frequent Flyer
Nice findings! I find myself somewhere incorporated in the article being a frequent flyer for my business purpose i tried to reduce the cost of my travel expenses by using various <a href=”http://www.worldmate.com/”>business travel apps</a> which can provide me cheaper flight and cheap car rentals and hotel rooms! People should certainly try to cut short these expenses.
December 14th, 2010 at 17:35 PM
Position: Travel Manager
Hello,
I feel that some of the travels can be completely avoided by web conferencing.
Phone and web conferencing slashes your travel costs whilst helping to reduce carbon emissions. Meet by phone and web. Don’t travel, just connect.
Here is a site which will helped me to cut down my business travel by 40 percent.
http://www.OzoneConferencing.com/2995.html
regards,
ravindra