Conventional business travel involves planes, hotel stays, and restaurants. But with rising airfare, mounting hotel prices, and surging per-diem costs, this traditional model of travel is becoming untenable for many companies. Faced with sky-high travel costs, business travel administrators are looking for ways to bring travel expenditures down while continuing to support a mobile workforce.
To adapt to the shifting business travel landscape, companies must strategically advance their approach to travel. Runzheimer’s latest white paper, Adapting to a Shifting Business Travel Landscape, discusses specific steps businesses should take to evolve their business travel programs including:
- Implementing pre-trip authorization processes
- Swapping out flights for car travel when possible
- Better integrating cost-cutting technology like virtual conferencing solutions and mileage trackers
In addition, the paper examines the emergence of sharing economy services specifically tailored to business travel – and how companies can best capitalize on these services to cut costs while ensuring employee safety.