Home Archives October 2007 Easy ways to tighten travel costs

Easy ways to tighten travel costs

| Print |  Email
Monday, October 01, 2007

{safe_alt_text}

EVEN FOR COMPANIES trying to operate on a tight budget, some travel is often unavoidable. “You have to stay in front of your customers,” says Joe Murray, vice president of River City Travel in Portland. But travel costs don’t have to eat away at the bottom line. Here are a few tips from the Small Business Administration and local experts that can help any company:

Have a travel policy. Guidelines go a long way toward travel savings. According to the SBA, your policy should detail how to approach traveling while on the company clock.

Use a company credit card. A centralized form of payment provides a monthly expense report while also reflecting benefits back onto the company. “They provide a record of actual spending,” says Judy Myers, manager of business development at Azumano Travel.

Consolidate trips when possible. A travel agent can help get the best price for a block of airplane seats or several hotel rooms. And consider trimming the number of travelers.

Keep detailed records. “Data collection will centralize how you book your travel,” says Myers. Through detailed record-keeping trends emerge and companies can see where they need to put their money and where they can afford to cut back.

Call in the experts. On or offline, a company specializing in corporate travel can evaluate your company’s travel patterns and recommend cost-cutting measures such as hotel or airfare discounts. “Use a travel agency that can help you negotiate rates,” says Murray.

Join an airline perks program. Most large airlines offer discounts and incentives, says Myers. Preferred carriers and business rewards programs work best when your company goes through one or two travel agencies and can provide an accurate record of travel data trends. After all, the same frequent travel bonuses that benefit vacationers also reap rewards, in much larger terms, for corporate travelers.          

COLLEEN MORAN


Have an opinion? E-mail This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

More Articles

Two Sides of the Coin

Contributed Blogs
Friday, September 26, 2014
0926 iphone6-thumbBY JASON NORRIS | GUEST BLOGGER

This post focuses on the recent release of the new Apple iPhone as well as Alibaba's IPO, the largest U.S. IPO in history.


Read more...

The Diaspora

October 2014
Thursday, September 25, 2014
BY LEE VAN DER VOO

Former newspaper reporters move into brand journalism.


Read more...

What I'm Reading

November/December 2014
Wednesday, October 22, 2014

Peter Lizotte at ACME Business Solutions and Roger Busse at Pacific Continental Bank share their favorite reads.


Read more...

Downtime

November/December 2014
Wednesday, October 22, 2014
BY JESSICA RIDGWAY

Bob Dethlefs, CEO of Evanta, balances work and play.


Read more...

Fly Zone

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE

The black soldier fly’s larvae are among the most ravenous and least picky eaters on earth.


Read more...

A Complex Portrait: Immigration, Jobs and the Economy

November/December 2014
Wednesday, October 22, 2014
BY JOE ROJAS-BURKE & KIM MOORE

Oregon Business reports on the visa squeeze, the skills gap and foreign-born residents who are revitalizing rural Oregon.


Read more...

Shuffling the Deck

November/December 2014
Wednesday, October 22, 2014
BY JON BELL

Oregon tribes still bet on casinos.


Read more...
Oregon Business magazinetitle-sponsored-links-02
SPONSORED LINKS