4 Easy Ways to Save on Business Travel

Tuesday, September 29, 2020, 6:00 PM | Leave Comment

Depending on your field of business, traveling could be taking a significant chunk out of your budget.

This is especially true if you’re traveling with a team all the time. Or if you constantly have to fly employees in every direction.

Fortunately, there are many things that you can do to keep these costs down. And you don’t have to sacrifice safety, features, or comfort.

Here are four easy ways that you can save on business travel.

  1. Consider Alternative Accommodation

    One of the things you should do is consider alternative accommodations when traveling. Renting a serviced apartment could be one of these options. These usually cater to business travelers and will have most of the equipment you need to work or give presentations. You’ll be able to save on dining out since most of them will have a dedicated kitchen space. You’ll also be able to save on entertainment as you won’t feel as obligated to go out and will also be able to bring guests in.

  2. Work with Third-Party Business Travel Solutions

    Some services will allow you to connect with establishments wherever you are thinking of traveling. You could work with a travel management business travel solution that will solicit establishments in their database and offer preferential rates based on the deals they have with them. You and your employees will have access to your own portals and be able to book flights and hotels seamlessly. All the best deals will be shown right in your portal, which will allow you to not only save time but money as well.

  3. Incentivize Your Employees to Save

    One of the best ways to save on business trips is to get your employees involved. If you make things interesting for them, you’d be surprised at how cooperative they can be. For instance, you could offer to share some of those savings with them. Giving your employees a cash incentive for being under budget could make them feel more like owners and push them to look for ways to save throughout the trip.

  4. Work on Your Timing

    Timing is everything when it comes to travel. Prices will vary depending on the day of the week, the season, or even the time of the day that you book flights. So, if you’re ready to be flexible, there are many ways that you can save.

    One of the easiest ways to save would be to fly on the red-eye. You should get the chance to sleep during the flight, which will save you on your hotel booking, and you’ll also get a better rate on your trip. Booking in advance is also an easy way to save, with 3 weeks to 4 months in advance considered the ‘sweet spot’ according to Cheap Air’s 2018 Airfare Study.

These are just some of the ways that you could end up saving big on your next business trips. There are tons of different tricks that you can use to further drive your expenses down, so use all the resources at your disposal.

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