Snapshot
Top Methods for Reducing Travel Costs
Adjusting the travel policy ranks first overall among the methods used by companies worldwide to reduce travel costs, according to the 2007 Association of Corporate Travel Executives (ACTE)/ProMedia Executive Travel Survey.
By region, the most popular methods are: adjusting travel policy (Asia and Latin America), recommending or requiring advance purchasing for air tickets (North America) and using alternatives to travel such as videoconferences (Europe). Also mentioned, but not in the overall top five, were electronic expense reporting, pre-trip authorization and approval, moving to lower-cost travel suppliers and consolidating suppliers.
