Resource Center
Customer Case Studies
A Pre-Trip Approval, Pre-Paid Travel Program at Cavalier Telephone
Reducing Air Expenses by Increasing Advance Purchases at CSX
Collaboration Leads to the Right Travel Program Choice for Datatel
Improving Cost Control and Spend Visibility at eClinicalWorks
Making Travel Easier for FTD's Road Warriors
The Value of Communication - Implementation Success at J.R. Simplot
Transforming an Audit Concern into a Recognized Success at LG Electronics
Motivating and Managing Self-Booking Travelers
Bringing the Bottom-Line to Top of Mind for Nikon Precision
Consistent and Cost-Efficient Pre-Trip Approval at PrimeSource
Developing an Effective Negotiated Hotel Program at Sunbelt Rentals Inc.
Empowering Travelers and Reducing Costs at Ventura Foods
White Papers
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Stretching Travel Dollars in a Slowing Economy
In these days of national economic uncertainty, rising jet fuel costs that put tremendous financial pressure on airlines and the evolving landscape of travel technology, companies that spend between $2 million and $10 million on air travel each year are under even greater pressure to tighten travel management programs.
According to the annual business travel overview and forecast by the National Business Travel Association, travel expenses are set to rise 6 to 8 percent in 2008 (Fig. 1). In addition to rate increases, fuel surcharges are rising among air and car transportation providers and taxes and fees remain a hidden cost with hotels.
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Taking Control of Travel Costs
For travel managers searching for ways to reduce growing travel costs, hotel expenses are a top priority. With average rates forecasted to rise again this year, hotel expenses continue to be a significant driver of business travel costs.
To bring this cost down, it is essential to consolidate company spending, guide traveler purchasing behavior with an appropriate hotel policy and monitor compliance on an ongoing basis. Recent developments in corporate travel technology can assist companies in each of these areas.
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Policy and Policing
Travel management is fundamentally about control. Who controls the decisions about where, how and whom to book? Who controls how travel is paid? Who controls whether travel happens at all? For companies that seek a high degree of influence over their travel dollars, the most obvious and effective mechanism for controlling these who’s and why’s is through travel policy.
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