
ALEXANDRIA, Va. | The National Business Travel Association (NBTA) today released the findings of a comprehensive study that reveal the significant impact the global crisis is having on business travel. The research shows corporate travel managers are finding creative ways to contain rising travel costs while fulfilling businesses'strategic need to travel.
NBTA surveyed corporate business travel managers from various companies to learn how they are implementing new travel management measures to cope with sizable travel cost increases. With 320 survey responses, the findings show that travel managers are implementing policy and process adjustments to manage additional fees, increased fares, and reduced budgets for travel.
Highlights from the research findings include:
NBTA's research, Maguire said, is a tool for travel managers to help modify corporate travel programs and policies while also shedding additional light on how factors such as ticketing restrictions and increases in travel pricing relate to corporate budgeting.
NBTA Executive Director and COOBill Connors, CTC, added,"As we approach 2009 with a sober economic outlook, NBTA is doing its part to help business travel consumers understand the importance of streamlining travel needs and implementing clear cost-cutting techniques. Businesses that strategically manage their travel during these challenging times will be better positioned for success."
NBTA conducted two surveys over a four-month period in 2008. For more information or a copy of the full report, please visithttp://www.nbta.org/Research/Surveys.
Top five things corporate travel managers are doing to contain air travel costs
1. Emphasizing advance purchase of air tickets2. Encouraging or requiring less air travel3. Sending fewer employees to conferences4. Strengthening mandates/enforcement of travel policies5. Driving people to travel alternatives (e.g. web-based meetings)
Top five things corporate travel managers are doing to contain ground transportation costs
1. Refueling before returning car rental2. Sharing ground transportation costs with other employees3. Moving to smaller, less expensive car rentals4. Renting more fuel efficient cars (non-hybrids)5. Using more public transportation when traveling
About NBTA
TheNational Business Travel Association(NBTA) is the world's premier business travel and corporate meetings organization. NBTA and its regional affiliates--NBTA Asia Pacific, NBTA Canada, NBTA Mexico, and NBTA USA--serve a network of more than 15,000 business travel professionals around the globe with industry-leading events, networking, education & professional development, research, news & information, and advocacy. NBTA members, numbering more than 4,000 in 30 nations, are corporate and government travel and meetings managers, as well as travel service providers. They collectively manage and direct more than US$200 billion of global business travel and meetings expenditures annually on behalf of more than 10 million business travelers within their organizations. For more information, visitwww.nbta.org.
CONTACT
Caleb Tiller
Director, Communications & Public Relations
Phone: 703-684-0836 ext. 138
Email: pr@nbta.org
ORGANIZATION
Global Business Travel Association (GBTA)
www.gbta.org
110 North Royal Street, 4th Floor
USA
- Alexandria, VA 22314
Phone: (703) 684-0836
Fax: (703) 684-0263
Email: info@nbta.org