Corporate travel clients across Australia are increasing concerned with reducing corporate travel costs in light of the global financial crisis and anticipated slow down in the Australian economy, according to corporate travel management company, BCD Travel.
In its 2008 Travel Program Survey, 97 per cent of respondents cited reducing corporate travel costs as a major priority for the coming 12 months.
In line with this, BCD Travel, which has offices in Sydney, Brisbane and Melbourne, has noted a significant decline in bookings for overseas corporate travel over the past few months, as local companies become more frugal and the Australian dollar continues its decline against the greenback.
Corporate travel management clients are also tightening their policies on the frequency and type of corporate travel allowed in their organizations, with options such as business class now strictly reserved for longer haul corporate travel flights.
BCD Travel offers significant flexibility and customization with its online corporate travel management programs, allowing clients to change their corporate travel rules with the click of a button. Comprehensive reporting functions also enable managers to quickly identify their organisation’s corporate travel habits and take measures to change them through compliance and communication.