Companies are sending their employees on the road again. But with travel costs almost back to where they were before the recession, companies are trying various tacks to control spending.
About a fifth of business travelers operate under mandated travel programs, which require them to use the airlines, hotels and car rental companies their employer has chosen, according to the Global Business Travel Association Foundation’s Global Business Traveler Study 2012 , sponsored by Concur.
Roughly a third work for a company that has no preferred travel vendors, the study found. The rest, almost half of business travelers, fall in between — their employer encourages them to use specific airlines, hotels and car rental companies, but does not mandate it.
But beyond trying to keep more direct control over travel costs, companies are turning to other methods to hold down their travel bills, including use of videoconferencing equipment, reserving rooms at less expensive hotels and reducing the number of employees sent to meetings. Even per diems, which had disappeared almost a decade ago, have come back, said Bjorn Hanson, divisional dean of the Tisch Center for Hospitality, Tourism and Sports Management at New York University.Page 1 of 6 | Next Page