Creating a Managed Travel Program
Creating a Managed Travel Program
By Federated Media (Inside Edge contributors), October 25, 2011
Travel is a vital part of mid-sized company’s success. According to the U.S. Travel Association, U.S companies spend nearly $250 billion a year on travel related expenses. A study from American Express Global Travel and the Global Business Travel Association, in industries across the U.S. economy, finds that every $1 strategically invested in business travel results in an average $20 in additional gross profit. These findings emphasize why the costs and benefits of travel make it imperative for companies to develop a managed travel program.
This report looks at:
- The fiscal, operational and strategic benefits of managing travel
- Models for managed travel programs
- Challenges for implementing a managed travel program
- Best practices for running managed travel programs
- An example of a mid-sized company that’s benefited from a managed travel program
How can your company control expenses and optimize the return on travel spend? Download the full report.
LATEST HEADLINES
Managing Travel Spending in a Downturn
Companies are controlling travel spending by raising new expectations, setting new targets for monitoring expenses, video-conferencing, and instituting more rigorous reporting and approval processes involving top management.
