Weekend travel cheaper for businesses
26 January 2009 21:16
Businesses looking to reduce their travel expenses during this winter of discontent are increasingly instructing their employees to stay away over weekends in order to take advantage of cheaper airfares.
That is according to the Times, which suggests that corporate travel is changing as a result of the financial turmoil with frequent flier points and hotel loyalty schemes at risk from cheaper 'leisure' fares.
One way firms can reduce their expenses is to shop around in order to identify cheaper travel insurance for business trips.
Paul Tilstone, chief executive of the Institute of Travel Management, told the newspaper: "Company policies are diverse, some have changed very little, others have put a complete freeze (on travel).
"A lot of big companies are implementing video conferencing, a lot of them are looking at it from the cost perspective."
Last month, people travelling abroad during the busy winter season were advised by family holiday insurance company Travel Guard to ship gifts or expensive items rather than packing them in their luggage.