Global

Together, a well-designed travel policy and compliance are the cornerstone of an effectively managed travel program. Best practices in both of these areas can lead to savings of on average 20 percent of total travel spend. These savings come from policy and compliance measures in five main areas: advance air booking, restricted airfares, preferred suppliers, traveler comfort (authorized air class/hotel category) and preferred booking channels.

Increasingly, as companies work to optimize their travel policy and compliance, they are also evaluating the reasons why business trips are taken and the return on investment, as well as the impact on the environment and travelers’ work-life balance. As they integrate demand management into their travel program, some companies are introducing alternatives such as videoconferencing in their travel policy.

Read more

In-Depth Research

The CWT Travel Management Institute has published in-depth research on how companies can optimize their travel policy and traveler compliance, and which benefits they can expect. The report, Playing by the Rules: Optimizing Travel Policy and Compliance is available here.