business travel, budget, save, corporate travel, savings

Corporate Travel Savings: How to budget and save money

Business travel will likely reach new heights in 2024, but you can expect 3% to 7% higher airline fares, 3% to 8% higher hotel rates, and a “moderate increase” in corporate travel spend. These creeping expenses could take a big bite out of your budget if you are not proactive.

But business travel doesn’t have to be a bank-breaker. 

With the right strategies, you can keep costs under control and ensure your team travels comfortably. Let’s show you how it’s done.

Introduction

Managing travel costs isn’t just about saving a few rands—it’s about making intelligent, strategic choices that boost efficiency. It’s an opportunity to get more value from your travel budget, keeping your finance team and travellers satisfied.

Let’s get down to business and talk about how to make your corporate travel budget work harder for you.

Squeeze the most value and savings out of your corporate travel

Let’s realise those savings!

There you have it—your ultimate toolkit for cutting down those business travel costs while keeping your team happy and productive. Let’s recap the key strategies:

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Book in advance

to lock in the best deals before prices rise.
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Use a TMC

to get expert guidance, better rates, and 24/7 support.
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Leverage technology

to streamline booking and expense management.
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Monitor your travel spend

to make data-driven decisions.
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Be flexible with travel dates

to uncover hidden savings.
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Implement a solid travel policy

to manage trips efficiently and within budget.
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Negotiate corporate rates

by letting a TMC handle the deals and secure perks.

Ready to make travel more affordable?

Managing travel expenses isn’t just about saving a rand here and there—it’s about building a travel programme that brings long-term benefits. By following these steps, you’ll optimise your travel spend and ensure your team travels smarter and more comfortably. Start putting these strategies into action today and watch your savings grow! 

Download our business travel budget template and get on the road to savings!

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