Effective ways to reduce corporate travel costs

Leading corporate travel management company, BCD Travel, offers the following ideas for effectively reducing corporate travel expenses:

• Insist on second approvals or senior-level approvals for all corporate travel
• Eliminate first/business class on domestic flights for all corporate travellers, including senior managers
• Allow business class corporate travel only on international trips with 10-hour or longer segments
• Mandate that all domestic or point-to-point business travel be booked online through a corporate travel online booking engine
• Require staff to plan meetings around travel, rather than travel around meetings
• Avoid high rate hotel stays by avoiding corporate travel when major events are occurring at your destination. Post a calendar of major events in top cities on your corporate travel online booking engine
• Limit corporate travel to trips involving face-to-face client meetings and sales-related trips
• Ban full-service or high-rate hotel properties to lower your accommodation spend