Business Travel News’ 2013 Corporate Travel Index estimates that the average cost for U.S. corporate travelers is $292 per person per day – and that’s not including wages!
Still, for every dollar spent on corporate travel, American companies average a return of $20 in additional profits. That’s a lot of ROI! And you can make that margin even larger by finding smart ways to cut your corporate travel costs and business expenses.
For the second installment in our series on cutting corporate travel costs, we’re outlining four easy ways to save on accommodations and dining. Want all the tips and tricks in one place? Download your free copy of our e-book: 10 Ways to Cut Corporate Travel Costs.
Spring for a Mid-Priced Hotel
Of course five-star accommodations aren’t going to save your business any money, but that logic doesn’t mean you need to choose the cheapest hotel available, either. Accommodations at a mid-priced hotel may include freebies like free Wi-Fi, complimentary breakfast, a kitchenette for preparing cheap meals, comfortable meeting space and enhanced security for your employees – all perks that could end up saving you money in the long run to reduce corporate travel costs.
Always Negotiate Hotel Rates
Wherever you end up, don’t forget to negotiate rates. Many hotels have corporate rate plans already in place, but they’re not about to advertise it. This is where a dedicated travel coordinator (discussed in part 1 of our corporate travel series) can come in especially handy. He or she will know which hotels offer the best corporate rates and which are the most receptive to negotiations.
Here’s a way you can save hundreds on accommodations and make your employees smile at the same time: encourage them to say with family or friends during their trip. Even when you put aside some of the money you save toward a thank you gift or complimentary dinner with their host, you’ll still score huge savings.
Hopefully these tips have given you some ideas about how your company can save on lodging and dining for business trips. Check out our first installment about setting your business up for success, or download our free e-book to get all 10 tips in one handy place.
And remember, next time you’re planning a company outing or business-trip, consider a C&J bus to NYC or Boston for huge savings, enhanced productivity and a comfortable experience you can rely on.
Want to learn more about C&J for corporate travel? Contact us to schedule a free consultation and download your free copy of our e-book below!