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How to Save Money on Business Travel

How to Save Money on Business Travel

February 18, 2020
Growing your small business can be challenging. Modern consumers have more options than ever before when it comes to the products/services on the market.

Growing your small business can be challenging. Modern consumers have more options than ever before when it comes to the products/services on the market. If you are trying to expand your operation into new markets, then traveling to these places is a good idea. Going on business trips is something most business owners are familiar with. Over $1 trillion is spent on global business travel each year.

When planning a business trip, your main goal needs to be saving money. Failing to set a budget for a business trip can lead to you losing a lot of money. If you are looking for ways to save money on business travel, take a look at the helpful tips below.

Booking Early Can Save You Money

Once you know where you will be going on your business trip, you need to start looking at travel accommodations. Depending on the distance, you may have to look into buying a plane ticket. Whether you are booking a hotel room or buying a plane ticket, you need to consider making these arrangements early. The longer you wait to book travel accommodations, the more money you will have to spend.

You also need to consider when you travel when trying to save a few dollars. Often times, traveling during the week can be cheaper. With a bit of time and research, you should have no problem finding quality accommodations. There are tons of websites dedicated to helping travelers find the best flight deals. Using these online resources is a must when trying to avoid overspending on business travel.

Provide Employees With Incentives For Finding Travel Savings

If you are sending a number of your employees on business trips, it can be hard to keep track of how much they are spending. Instead of losing sleep at night because of travel expenses, get help from your employees when it comes to finding travel savings. Offering incentives for these findings can be just the motivation your team needs to save money.

Providing your team members with a flat rate per-diem while they are traveling is also a good idea. The last thing you want to do is to put these trips on a business credit card. This usually leads to a lot of money being spent on frivolous things.

Avoid Eating Out So Much

One of the biggest expenses you will have when traveling is food. Eating out at restaurants multiple times a day is a horrible idea. Not only is this bad for your health, it can also lead to lots of money being wasted. This is why you need to think about stocking the hotel fridge with some healthy snack options. The money you spend at the grocery store will pale in comparison to the money spent eating out every night.

Looking For Affordable Flights?

If you are looking for a flight and don’t want to pay a lot of money, you need to check out the bookings we have available on FlyHoop.