How to Slash Your
Business Travel Costs
Reduce business travel expenses with
If you’re running a small business, you’ll know that it can sometimes be mightily expensive, especially if you
travel a lot. What’s more, companies, unlike the general public, don’t pay regular fares when they travel. Instead,
they are encouraged to pay “business rates” far above the prices that everybody else faces. It all makes travel
prohibitively expensive and can wreak havoc with your finances.
|Small business travel will eat into your budget, unless
you find effective ways to reduce your business travel expenses and look for
alternatives. (Image by Pixabay.com)
On top of this, inflation in the transport sector is rife. According to the management company Travel Leaders Corporate, the costs of flights was $8 higher in 2016, and the average hotel
room cost was up more than $3.
So the question is, how can businesses save costs on their travel?
Schedule Your Travel Wisely
Business travel rates vary depending on seasonal demand. When seasonal demand for travel services is high, like
during the summer months, prices for flights and car hire also tend to be a lot higher as well. Prices are higher
at the end of March and beginning of April too, thanks to the Easter break. If you can, schedule your travel for
the weeks before and after critical times and save yourself a bit of money in the process.
Move Your Office
Another thing you might want to consider if you make regular trips is moving your office closer to a location
you travel to regularly. There’s no point being located in one part of a city if you’re making daily or weekly
trips to another place on the opposite side. It’s costing you money for no reason. Find an office relocation service if you want to minimize the associated hassle of moving. You
never know, rents might be cheaper at your new location too.
Take Advantage Of Reward Programs
|If you must travel on business, look for the less costly
options and take advantage of
reward programs, to maximize return on the money spent. (Image by Max
Almost every hotel and airline has some sort of reward program that you can sign onto offering either free rooms
or free air miles. The good news is that these reward programs are usually better for businesses than they are for
private customers, given how lucrative it is for the hotel and transport industries to gain long-term corporate
customers. When you’ve got dozens of people working for you and traveling
regularly, you can often save thousands through reward schemes.
Look For Alternatives
Flying to major airport hubs might be convenient, but it’s also more expensive, owing to the increased demand on
their facilities. It’s often cheaper to fly to an airport a little way out of town and then get a coach into the
city center, avoiding high landing costs.
You can also consider alternative modes of transport other than flight. For instance, would it be cheaper to get
the train instead of an internal flight? In some countries, train fares are a lot cheaper, especially if you book
them in advance.
Sweat The Little
Small, incidental costs soon add up, so ask yourself whether you’re giving yourself the best deal. Is it cheaper
to take regular Uber cabs, or does it work out better for you to rent a car? Is it cheaper to pay your hotel for
internet or use your phone as a hotspot? Follow some sense tips for
travellers to save more money.