In addition, companies that have a large number of employees travelling are putting a strong focus on both return on investment for the company and its duty of care policy.
Travel is often the third-biggest cost for a business and if a company is facing difficult times, this is usually the first cost that can be controlled. Companies are relying heavily on detailed reporting and the management of travel policies and purchasing to drive savings for their business.
One client recently reduced the cost of domestic travel by 23 per cent within six months and achieved a 16 per cent reduction in the average booking cost in the last quarter. This was achieved by putting a firm travel policy in place and reviewing the airfares and airline carriers they were purchasing from.
• Andy Jack is general manager for FCM Travel Solutions.