With the business world becoming increasingly globalized, corporate travel has drastically increased the need for companies to stay competitive. Although corporate travel is a great driver of new partnerships and innovation, it is not the most frugal endeavor. These tips will help you cut your business travel spending costs.
With the business world becoming increasingly globalized, corporate travel has drastically increased the need for companies to stay competitive. Although corporate travel is a great driver of new partnerships and innovation, it is not the most frugal endeavor. These tips will help you cut your business travel spending costs. Smart Booking If your business travel plans are more flexible, try to stay away from the busy seasons for airlines and accommodations. If possible, try to avoid the high airfares during the summer and spring break travel season. According toUSA Today, some of the cheapest days to fly are from January 7th to March 5th. Beyond picking the right dates for your business travel, remember to book early. Last minute bookings usually result in inflated rates along with little to no flexibility to adjust travel plans. In a study conducted byConcur, they found that booking your flight seven or fewer days before your business trip will cost and average of 44% more than if it had been booked 15 days or more in advance. Who You Fly With Although choosing a low-cost carrier like Spirit or Frontier can be somewhat inconvenient, they are a great way to reduce your business travel costs. Keep in mind, these budget airlines usually have strict restrictions on the size and weight of what can be brought along. Also, on-flight meals usually cost extra, so make sure to pack your own snacks for the trip. These low-cost carriers may not fly directly to major cities, either, so weigh the cost of transit from these less predominant hubs. Corporate Housing vs. Hotel Accommodations Beyond the comfort and space, a furnished rental offers compared to a standard hotel, these apartments can be a great way to manage business travel costs. In aBusiness Travel News interview with global travel manager, Nicki Leeds, a savings of $1,500 was seen just by using a corporate apartment instead of a hotel. One of the biggest factors of this cost savings is the value that comes along with corporate housing, such as wifi, furnishings, access to 24/7 customer service, and a kitchen so you may prepare your own meals instead of spending money at a restaurant. When it comes to corporate housing, Churchill Living has some of the finest accommodations in the biggest cities around the country. Learn more about our rental options today.