Business travel is a necessary evil in today’s world. It can be tiresome, expensive and restricting. However, it doesn’t have to be. Instead of hurting your bottom line and spending money where it doesn’t need to be spent, here are five expert tips on how to greatly save on your yearly travel expenses.
2. Become a Member of a Trusted Travel Program
Exclusive, member-only deals, guaranteed savings, a rewards program; these are just a few reasons why joining a travel club can be greatly financially beneficial. Members have access to deals and discounts before anyone else does, plus they receive an additional discount on hotel bookings specifically for being a member. Joining a travel club can drastically lower the cost of your vacations, whether the purpose of the trip is pleasure or business.
3. Book a Hotel/Airport Transfer
Renting a car and paying for cabs can get extremely expensive. The fees add up quickly and the time it takes to go to the car dealership or even to find a cab can feel endless. Who wants to go through all of that effort if you’re running late for your flight or if you’ve just gotten off of one? Booking a transfer in advance is the more affordable option and completely eliminates the hassle and stress of getting from point A to point B in a timely manner.
4. Utilize the services of Travel Mangement Programs
Many companies have special software to make your life easier. Booking.com for example has launched a new service. Booking Business where you can manage all expenses and reservations for your company!
5. Don’t Forget That Most Travel Expenses are Tax Deductible
According to the tax guide provided by the National Federation of Independent Business, most of the expenses that you and your employees incur as tax deductible because they are necessary business expenses. Whether it is a flight ticket, tax/transfer costs, hotel bookings, as long as you keep a written record of the expenses along with their business purpose, the costs should be deductible.