FinanceRegs.com » When are travel expenses too high?

When are travel expenses too high?

May 29, 2008 by Carol Katarsky
Posted in: Best practices, In this week's e-newsletter, Latest news & views, T&E

Lots of companies are looking to trim fat from their budget. And there’s an easy way A/P can help. If you know your company’s average business travel expenses from last year, compare them to these new figures from American Express.

On average last year, companies paid $157 per night for a domestic hotel and $230 for each domestic airfare. International trip expenses can vary a lot depending on the region traveled to, but they averaged $226 per night for a hotel and $1,836 for airfare.

Of course, if your company’s travelers are posting higher numbers, that doesn’t mean they’re padding the bill. But you may want to recommend to upper management that they take a second look at the T&E policy. Small changes like using preferred travel vendors, not reimbursing for extras like aisle seats, etc., can save a lot of money over time.

Share/Save/Bookmark

Tags: , ,

Leave a Reply


advertisement


advertisement