Australian businesses are looking to make the most of their travel budget in the wake of the GFC, according to a new survey.
The recent Harvard Business Review found that travel is still seen as a good way to increase profits, with 79 percent of business travellers believing that in-person meeting was the best way to meet new clients and sell business. However, a survey recently commissioned by American Express Business Travel found that businesses now want evidence that any travel they do will benefit their bottom line, grow their business and strengthen relationships.
The American Express Business Travel survey discovered that more than a third of companies now will not cover the cost if the employee doesn’t follow protocol and regularly books travel outside of policy. And on a traveller’s first compliance failure, 90 percent of companies will issue a warning or notice.
Australian hotel accommodation company, Best Western, has attempted to solve this problem with its Gold Business Card. The Card minimises potential liability by limiting travellers spending to Best Western locations and it also cuts down on the amount of paperwork there is to do which makes it perfect for small businesses. Card members can also view their balance and expenditure online and download pre-formatted monthly statements for easy tax submission.
Businesses can also focus on luring back corporate travellers with added extras, claims General Manager of Sales and Marketing for Best Western Australasia Kimi Anderson.
“Our global Best Western Rewards program is perfect for companies wanting to make the most of their travel budget. First of all, simply by signing up, companies receive a discounted rate off the Best Available Rate and points are awarded for every stay at any Best Western hotel worldwide. They also receive discounts off car hire and free upgrades where possible,” said Ms Anderson.
