Back to Business: Why Managing Travel Costs Is More Crucial Than Ever

Business travel is back — and it's booming. According to recent data, 3 in 5 buyers of commercial travel services report that employees are attending more meetings and conferences than last year.

While this resurgence signals recovery and renewed opportunity, it also underscores a familiar challenge:?controlling costs.?

In fact, 78% of firms identify cost management as their top priority in this evolving travel landscape.

Let's explore how companies can balance productivity, cost-efficiency, and employee wellbeing.

The Return of In-Person Connections

After years of virtual meetings, businesses are embracing the power of face-to-face interactions. The increase in travel to conferences, client meetings, and networking events reflects this shift. However, this rebound also brings challenges:

• Higher demand for travel services?has driven up prices for flights, accommodations, and ground transportation.
• The need for?sustainable travel options?adds another layer of complexity for businesses striving to meet ESG goals.

Why Cost Control Is Non-Negotiable

With 78% of firms prioritising cost management, it's clear that businesses are seeking smarter solutions for corporate travel. Key concerns include:

• Unpredictable budgets:?Last-minute bookings or cancellations can inflate costs.
• Expense tracking inefficiencies:?Manual or fragmented systems make it harder to monitor spend in real time.
• Balancing savings with employee satisfaction:?Cost-cutting shouldn’t come at the expense of traveller wellbeing.

Smarter Solutions for Travel Management

To thrive in business travel, companies need tools and strategies that prioritise both efficiency and experience. Here’s how FREENOW for Business can help:

• Centralised Travel Management: Simplify bookings for ground transportation with a single platform, providing visibility and control over costs.
• Real-Time Expense Tracking: Keep travel budgets in check with tools that integrate seamlessly into your expense management system.
• Employee Safety and Satisfaction: Reliable, vetted transport options ensure peace of mind for employees while keeping costs predictable.
• Sustainability Tools: Meet ESG goals with access to eco-friendly transportation options, from electric vehicles to carbon offset reporting.

Cost-Efficiency Solution in Ground Transportation

Whether your team is attending more conferences or building relationships on the road, FREENOW for Business is here to make it easier to control costs without compromising on quality.

Take a tour of our taxi management tool and see exactly how it helps you reduce business travel costs:?Explore now.