23 Aug 5 Ways to Save Money on Business Travel Expenses
Business travel is often an essential part of running a successful business. Unfortunately, though, it can get pretty costly. Luckily there are some tricks you can use to save money on business travel expenses, and here are just a few of them.
Hire a limousine service
Hiring limo services for a business trip might sound expensive, but it can actually save you money if several different ways. First, you don’t have to pay for parking. It can add up with airport and parking garage fees. Secondly, you don’t have to pay your employees for fuel consumption. Finally, limos help keep your employees on time and productive. More than 50% of limousine service is to provide for business and corporate customers during the week, so this is definitely a service you can take advantage of.
Be flexible with flights
When your employees have to fly to another city for a business meeting or conference, try your best to be flexible with dates and times for the flights. This wiggle room will help you save as much as 50% on your flights and hotels because you can avoid booking during the peak hours and days of the week.
Book in advance
With business trips, sometimes last-minute travel is unavoidable. However, you should try to book things as far in advance as you can when you have a trip planned. According to the travel management company Concur, booking at least eight days before your departure can help businesses save an average of $148 per ticket.
Face-to-face meetings are often essential. It’s undeniable, though, that virtual meetings are much easier and cheaper than flying across the country for a business meeting. If you just need a routine check-in or update, then using telecommunications can save you a ton of money.
Use rewards programs
Travel rewards programs were basically built for business travel. They’re especially helpful when you have employees traveling all the time. Virtually every hotel chain and airline offer some kind of rewards program for frequent customers. Companies with smaller headcounts benefit the most from these rewards programs that often give away free hotel stays and free flights.
Don’t let your business’s travel expenses hurt your bottle line. Hire a limo service, be flexible with your flights, book in advance, try telecommunications, and use rewards programs instead.