Stretching Travel Dollars in a Slowing Economy

Sponsored By Egencia

Topics:

Budgeting & Planning > Budgeting

Finance & Risk Management > Expense Management

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Abstract:

In these days of national economic uncertainty, rising jet fuel costs that put tremendous financial pressure on airlines and the evolving landscape of travel technology, companies that spend between $2 million and $10 million on air travel each year are under even greater pressure to tighten travel management programs.

According to the annual business travel overview and forecast by the National Business Travel Association, travel expenses are set to rise 6 to 8 percent in 2008. In addition to rate increases, fuel surcharges are rising among air and car transportation providers and taxes and fees remain a hidden cost with hotels.

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Posted: August 08, 2008

Length: 5 pages

Format: PDF (352 kb)

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