Travel Cost

Corporate travel costs represent the second largest controllable expense for most organizations.  Findings from a 2006 Runzheimer International study underscore current corporate travel cost trends:

• Nearly three-fourths of companies’ travel budgets increased in 2006 from 2005
• 82% of respondents note increase in travel prices as the number one reason for increasing corporate travel costs
• Most respondent organizations continue to tighten corporate travel policy enforcement to control corporate travel costs
• Respondents indicated that their 2007 budget would be 12% higher than 2006

Corporate travel cost management is obviously a must, but 41% surveyed admitted difficulty maintaining or adhering to travel cost budgets.  A comprehensive travel cost strategy is vital to a company’s success.   Contact Runzheimer International at marketing@runzheimer.com or 800-558-1702 for personalized corporate travel cost management solutions.