SAP Concur Releases 24 Tips to Optimize Airfare Spend and Lower Travel Costs
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For corporate travel managers and finance leaders, airfare is a significant component of travel costs. The specific strategies and data in the article can help companies re-examine travel policies, optimize booking behavior, and control costs.
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- SAP Concur BlogSAP Concur Releases 24 Tips to Optimize Airfare Spend and Lower Travel Costs
A SAP Concur blog post offers 24 tips to optimize airfare spending and lower travel costs. It notes that airfares continue to rise due to soaring jet fuel prices, high travel demand, and pilot shortages, with ancillary fees also increasing. Recommendations include tracking ancillary fees, booking at least 8 days in advance, considering one-way or refundable tickets, rewarding policy-compliant booking behavior, using data to identify behavior and target areas with the most financial impact, and using mobile apps and self-service check-in. The article also cites U.S. Bureau of Labor Statistics data showing that airline fare inflation has climbed back into positive territory, rising far above…