Reduce the cost of your business travel

by Traveleads | June 11, 2019 | Latest News On The Ground

When it comes to travel, trying to find the best available options can often be like trying to find the proverbial needle in the haystack. With so many online and offline channels available – all claiming to be the cheapest and the best – how do you know which one to choose? As the preferred travel partner of many of Britain’s biggest businesses and best loved brands, we have been providing award-winning travel management for almost 50 years, so it’s safe to say we know a thing or two about travel.
We have compiled a list of top tips to ensure you are getting the best deals – no matter who you choose to book with …because when it comes to corporate travel, we’re all about making life easier and saving you money.

The following guide has been compiled to help you take advantage of the very best rates and fares available

PLAN AHEAD
Airlines sell seats at different rates to achieve an average yield on each flight, the best-value seats sell first – so book early to secure the best price. Last minute deals are for package holidays not business travel (Scheduled flights go on sale approximately 11 months in advance.)

MAINTAIN FLEXIBILITY IN YOUR DIARY PLANNING
Rather than confirming your plans then making your travel arrangements, do a little research first (or contact your travel provider) so you can plan your schedule around the most economical travel options. Checking fares prior to making appointments can save considerable amounts of money.

ENSURE YOUR MEETING IS FIXED BEFORE CONFIRMING!
If there is any chance your meeting may be cancelled or postponed don’t confirm anything – even refundable travel options usually include some degree of financial penalty
In the event your meeting is cancelled after you have confirmed your travel arrangement always notify your travel provider, as they may be able to obtain a partial refund for you.

BE OPEN TO SUGGESTIONS
Your travel provider will offer you the best value travel solutions within the parameters of your request. They will be better equipped to do this if you demonstrate a flexible approach to the options you are willing to consider. Simply tell them where you need to be, preferred dates, and an idea of your schedule and they will be able to carry out a more detailed search for you. The more flexible you are the more options you will have to choose from.

CONSOLIDATE YOUR SPEND
If you are currently booking online through multiple channels you are significantly reducing your buying power. Booking all of your travel through one channel maximises this and also provides a clear overview of your total travel spend. You don’t have to be a global business with lots of travellers to benefit from heightened buying power, when you channel your spend through a travel management company you immediately benefit from their buying power which will be significantly more than going it alone.

TRAVEL QUOTES HAVE EXPIRY DATES
Most airlines offer their cheapest fares with a strict ‘book by date’, which means fares quoted have to be ticketed by a specific date in order to be valid. Many airlines will only guarantee fares quoted if booked on the same day, and low cost carriers are even more restrictive – only honouring prices shown at the time of booking. Once you have received a travel quote it is important that you confirm it as soon as possible to prevent the fare expiring – a re-quote will almost certainly be more expensive. Quotes for Rail tickets expire automatically at the end of the day – if your tickets have not been issued on the same day a re-quote will be required.

TRY NOT TO CHANGE YOUR BOOKING
Once your booking has been confirmed any amendments (if allowed) will come at a cost. This may be due to fees levied by operators, or down to the fact that the initial fare is no longer available, meaning you have to pay the difference. If you are meeting with colleagues from within your organisation and they make changes that affect your travel plans make them aware of the cost implications involved, and ask if they can stick to the original schedule to avoid unnecessary costs.

PREFERRED HOTEL PROGRAMS
Always utilise your company’s preferred hotel program! Only if the pre-approved hotels are unavailable should you consider other hotels. Your travel provider should hold a list of your preferred hotels and should always offer these to you first. If you don’t have a corporate preferred hotel programme and would like more information please contact us and we will be delighted to discuss the options available to you.

EXCESS BAGGAGE AND EQUIPMENT
Make sure you notify your travel provider when booking if excess baggage or equipment needs to be included. Different airlines have different policies and charges relating to excess and over-sized baggage, your travel provider will be able to let you know which relevant airlines offer the most generous allowances, or negotiate on your behalf (where applicable). Paying when you check-in at the airport will always be more expensive.

WOULD A HIRE CAR BE MORE COST EFFECTIVE.
For shorter journeys it may be more cost effective to hire a car and drive, rather than using public transport. This also offers you greater freedom and flexibility as you are not restricted by transport timetables and can create your own schedule. .

GROUP BOOKINGS
Contact your travel provider to obtain specially negotiated group fares – even for small groups of +7 people. Group fares can often deliver great savings, along with a range of additional benefits.

DON’T FOCUS ON LOYALTY SCHEMES
Loyalty schemes and frequent flyer programmes are designed to ensure the customer keeps coming back. This is not always the best option for your organisation. Travellers are lured into selecting more expensive options in order to achieve personal loyalty rewards. Good housekeeping and corporate responsibility should make the traveller conscientious in this respect. Remember that nearly all airlines operate reward schemes and travellers can enrol in multiple programmes? …that way you can always take the lowest fares and still benefit from any loyalty bonuses on offer.

REVIEW YOUR TRAVEL POLICY
Most companies have some form of corporate travel policy in place however many policies quickly become outdated or ineffective as travel patterns change. Carry our regular reviews of your travel policy and if you need help making revisions, or you’re unsure if it needs amending contact your travel management company. All good travel providers will offer you regular free reviews of your travel policy

 

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