We’re creating a more connected travel industry, underpinned by sustainability and long-term investor relations.
Business travel is an expensive reality for many successful companies. This study considers how corporations currently manage their travel and aims to identify opportunities to reduce costs in the future.
In 2011, Business travel in Western Europe amounted to almost 200 billion €, concentrated in five countries: Germany, UK, France, Italy and Spain. Due to the European slowdown, corporations’ T&E budget has been limited and travel managers have focused on achieving cost efficiencies and savings. The latter has been made harder due to market conditions, in particular airline consolidation and profit reduction. This study aim to identify inefficient practices and offer cost-effective recommendations to corporate travel managers, helping them meet or exceed their budget targets. Download the full study for more information!