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

Behind the curtain: What students should know about accreditation and rankings

Contributed Blogs
Thursday, December 04, 2014
120414-edurating-thumbBY DEBRA RINGOLD | OP-ED CONTRIBUTOR

How important are institutional and/or program evaluations provided by third parties in selecting a college or university program?


Read more...

5 schools helping students crack code

The Latest
Thursday, January 29, 2015
codeduthumbnailBY JACOB PALMER | OB DIGITAL NEWS EDITOR

As the costs of college mount, and as employer demand for software developers soars, coding schools and classes are popping up everywhere.


Read more...

LEED for weed

News
Wednesday, January 28, 2015
012815-potcarbon-thumbBY LINDA BAKER | OB EDITOR

What is the impact of the legal pot industry on carbon emissions? An NEBC energy forum breakfast makes the case for taking the new industry’s emissions impacts very seriously.


Read more...

Live, Work, Play: Amen Teter

February 2015
Tuesday, January 27, 2015
BY JACOB PALMER

Catching up with Amen Teter, Portland-based global director of action sports for Octagon Olympics & Action sports talent agency.


Read more...

Editor's Letter: Power Play

January-Powerbook 2015
Thursday, December 11, 2014

There’s a fascinating article in the December issue of the Harvard Business Review about a profound power shift taking place in business and society. It’s a long read, but the gist revolves around the tension between “old power” and “new power” as a driver of transformation.


Read more...

A legislative preview — and celebration

News
Friday, January 23, 2015
012315-speaker-thumbBY LINDA BAKER | OB EDITOR

The Northwest Environmental Business Council previews the 2015 legislative agenda as Hatch Oregon celebrates Oregon's new community crowdfunding rules.


Read more...

Tackling the CEO-worker pay gap

January-Powerbook 2015
Thursday, December 11, 2014
BY OREGON BUSINESS STAFF

An SEC rule targets the disparity between executive and employee compensation, reigniting a long-standing debate about corporate social responsibility.


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