World Business Travel
Business travel is a necessary evil. Whether you’re traveling for business or pleasure, there’s no denying that travel is expensive. But if you want to save money while still getting the best experience possible, here are some tips to help you make the most out of your trip.
1. Booking Your Flight Early
Booking early not only saves you money, but it also gives you time to find cheaper flights. If you book your flight at least three months before your departure date, you should have plenty of time to find a cheap ticket. You may even be able to get a free upgrade!
2. Stay at Hotels That Offer Free Breakfast
Hotel breakfasts aren’t always included in the price of your room, but they often offer complimentary breakfast items. If you’re staying somewhere that doesn’t provide breakfast, ask about their breakfast package. Many hotels offer a free continental breakfast, and others offer a free hot breakfast.
3. Use Hotel Coupons
If you’re planning to stay at a hotel where you don’t receive a free breakfast, check online for hotel coupons. There are many websites dedicated to finding discounts on hotels, including Groupon, LivingSocial, and Vistaprint.
4. Take Advantage of Airport Parking Deals
Airport parking deals are great ways to save money. Most airports charge around $25 per day for airport parking, but you can often find discounted rates. Check with your airline to see if they offer any special deals, and look for discount codes on their website.
5. Ask About Discounted Airfare
Discounted airfare isn’t something you hear about every day, but it does happen. Sometimes airlines give away tickets to popular destinations for less than what you would pay for them. To take advantage of these deals, sign up for email alerts from sites like Skyscanner and Momondo.
6. Try Flights Directly From City to City
When booking flights, try to avoid connecting flights. These stopovers add hours onto your journey, and they cost extra. Instead, choose direct flights whenever possible. When flying between two cities, consider taking a train instead of a plane. Trains are much faster than planes, and they’ll allow you to arrive at your destination sooner.
1. World Business Travel
The world business travel industry is estimated at $1 trillion dollars annually. This includes both international and domestic flights, hotels, car rentals, ground transportation, food, beverages, entertainment, and shopping. In addition to these expenses, there are many hidden costs associated with traveling including security, insurance, and medical bills. These costs add up over time and can have a significant financial impact on businesses.
2. International Flights
International flights account for approximately 50% of the total cost of business travel. Depending on where you are going, airfare may range anywhere from $500-$2000 per person. If you are flying internationally, make sure to book early to get the best rates. Also, if you are booking a flight within the United States, consider using a website called Skyscanner.com. Skyscanner.net compares prices across different airlines and routes to help travelers find the cheapest flights.
Hotel rooms are the second largest expense after airfare. When choosing a hotel, look for amenities like free wifi, fitness centers, swimming pools, and parking. You should also check out websites like Booking.com and TripAdvisor.com to compare prices and reviews on hotels.
4. Car Rental
Car rental companies charge between $30-100 per day depending on the length of stay. Make sure to ask about any additional fees before signing a contract. There are also some apps that allow you to rent cars directly from the app.
5. Ground Transportation
Ground transportation is the third largest expense after airfare and hotels. Depending on where you’re traveling, ground transportation may include taxis, limousines, shuttles, buses, trains, and boats.
6. Food & Beverage
Food and beverage accounts for 10% of the total cost. Most restaurants offer discounts for groups, so make sure to call ahead to see what kind of deals they offer. Another way to save money while dining out is to use sites like Groupon.com and Living Social.com to find restaurant coupons.
Entertainment is the final category that makes up 5% of the total cost for business travel. This could include things like concerts, sporting events, museums, and theme parks.