Overland Park, KS (PRWEB) November 29, 2012
The best way to cut costs in a company’s travel spend is to reuse the value of airline tickets for trips that have been cancelled. On average, 3-7% of a company’s annual travel spend is wasted on trips that are cancelled and the ticket values go unused. That means, if a business is spending $1 million dollars annually on their travel budget, $70,000 could be going to waste in unused tickets.
So, what can a company do to eliminate wasted unused ticket credits?
1. Educate employees.
Travelers should be made aware of the significant financial impact to a company’s profitability when multiple tickets are going unused across the company.
2. Centralize travel bookings.
Make sure all of the company’s tickets are booked from one central travel website that tracks and reports on the status of ticket credits.
3. Keep track of unused tickets and hold employees accountable.
When travelers know they are being held accountable, they will abide by their company’s requirement to reuse the unused ticket values.
With Bhivetravel.com a small to medium-sized business can book all of their company’s travel online for free, and it will automatically track and alert users when unused ticket credits are available. On average, BhiveTravel.com customers reuse rate exceeds 90%. That means, a company spending $1M a year in travel could recoup over $60k annually simply by reusing unused tickets.
http://www.Bhivetravel.com was designed by the business travel experts at Short's Travel Management, as the first free online option in corporate travel management. Short's Travel Management is a full-service travel management company with a passion for innovation and professional service to enable companies of all sizes to more effectively manage their travel investment.