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SAP Concur: Three Tips to Save on Business Travel

SAP Concur published three tips to save on business travel. GBTA reported 514 million business trips were taken in 2016. The article recommends booking at least three weeks in advance, as tickets booked fewer than seven days before departure are on average 44% more expensive than the same ticket booked 15 days in advance; considering ridesharing instead of renting a car for short trips; and researching meal options ahead of time to control costs. It also suggests companies set booking guidelines and approval processes and use expense systems to simplify reporting.

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Impact and considerations

For travel and expense managers, advance booking, transport choice and meal planning are quantifiable cost-saving levers. Embedding booking guidelines and approval processes into travel policy helps control budgets and simplify expense reporting.

Key points

  • GBTA reported 514 million business trips were taken in 2016.
  • Tickets booked fewer than seven days before departure are on average 44% more expensive than the same ticket booked 15 days in advance.
  • For short trips, ridesharing may be more cost-effective than renting a car.
  • Researching meal options ahead of time helps control dining costs.
  • Companies should set booking guidelines and approval processes and use expense systems to simplify reporting.

Sources and time

Primary source
SAP Concur
Other sources
0
First source publication
29 Jun 2022, 19:47
Page published
14 Aug 2026, 08:36
Last updated
29 Jun 2022, 19:47
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