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Saving money on business trips
Q. My company is tightening the screws on the travel budget for next year. I could take fewer trips, but I’d rather look for other ways to cut costs. Any ideas?
A. American Express Business Travel just came out with 10 tips for reducing business travel expenses. Here they are:
1. Plan Twice, Book Once - Travelers can incur many fees for changes, with airlines often charging $150 or more and hotels charging "no show" fees of $50 or more. Double-checking to confirm appointments before booking can help you save on these potential added charges.
2. Pack Light - As airlines move to unbundle services, travelers can minimize any costs by packing and checking the least number of bags as possible. For longer business trips, the cost of dry cleaning may be cheaper than checking extra luggage for additional shirts and pants. Overnight delivery and luggage forwarding services are also an option if you have a lot of materials or samples to bring on a business trip.
3. Check Your Paperwork - Ensure that your passport is current and that you have any necessary visas for your trip in advance. Expired or missing paperwork can delay your trip and add costly charges for expedited applications. Most travel management companies can provide visa/ passport support before you travel.
4. Be Flexible To Find Savings - For travel to or from an area with multiple airports, ask your travel counselor to search alternate airports or use this option in your online booking tool. For example, in New York City, fares may be less expensive enough at JFK to offset the incremental taxi fare difference for a trip to LaGuardia.
5. Watch for Waste - Millions of tickets go unused, even though most non-refundable fares are valid for travel for up to a year. While there may be change fees, travelers can still save money by not letting these unused tickets go to waste. There are various products available, like TicketTRAX for example, which can help travelers keep track of and re-use these tickets.
6. Employees That Stay Together, Save Together - Some companies are instituting room-sharing policies for co-workers traveling together. Along the same lines, sharing car service or taxis to and from the airport is an easy way to save. If you’re on different flights, plan to meet your co-workers at an airport lounge and travel to the hotel together, instead of meeting at the hotel.
7. Big Ticket Items Can Mean Big Savings - Complex international itineraries can offer opportunities for significant savings. Having travel counselors plan these trips for you saves you time (which you can use to focus on your business) and allows you to take advantage of their knowledge on the best airlines, fare classes, specials and more to ensure you get the lowest fare.
8. Plan Ahead and Stay In Touch - The earlier you book air tickets and hotel rooms, the more likely it is that you’ll find a lower rate. Many airlines and hotels will offer you a lower rate if the price for your trip falls after you’ve booked it. Plan your trips as early as you can and ask your supplier for a discount if you see the rate drop.
9. Stretch Your Stay to Stretch Your Dollar - With the resurgence of "minimum stay requirements," postponing your return trip from a Friday until a Sunday or Monday can create additional savings. If possible, considering extending your trip to include a weekend vacation in the same destination.
10. Oldies But Goodies - The "classic" opportunities still exist for travelers, and some are even more common now with higher airline loads. Whenever possible, you should look for opportunities to get "bumped" for a free voucher, select destinations that are "off-season" (e.g. for team meetings) and be flexible with your travel dates.
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jimglab |
Latest page update: made by jimglab
, Dec 1 2008, 3:19 PM EST
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