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Business Travel & ROI – How to Measure Return on Investment for Business Trips

by travelonbiz   ·  3 weeks ago   ·  

Business travel was terribly affected by the 2007/8 international monetary crisis. Business reacted to strict credit terms and extreme markets by slashing invest in locations they believed would not hurt their core organization. Cutting back on staff training and business travel appeared like a more appealing short-term option than decreasing production or making staff redundant. But ...

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Hotel vs Apartment – What Is the Most Convenient Accommodation Option for a Business Trip

by travelonbiz   ·  3 weeks ago   ·  

Business trips are an essential part of every top corporate employee and an entrepreneur’s life. With domestic business travel predicted to reach 483 million by 2020 in the US alone, corporate trips shouldn’t just be another thing you add to your to-do list. While there are a lot of finances to consider when planning a trip, a ...

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How to Write the Perfect Corporate Travel Policy for Your Company

by travelonbiz   ·  4 weeks ago   ·  

What is a Corporate Travel Policy A Corporate Trаvеl Pоliсу (CTP) is a ѕеt оf guidеlinеѕ tо be used bу companies, travel mаnаgеrѕ and еmрlоуееѕ for business trаvеl and itѕ related planning. Thе mаin objective оf an еffесtivе travel роliсу iѕ to kеер travelers safe whilе аlѕо аdhеring tо thе соmраnу’ѕ guidelines, including budgеt. If your роliсу is ...

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How to Choose the Best Area to Stay When Traveling on Business

by travelonbiz   ·  2 months ago   ·  

It doesn't matter if you're an employee who needs to travel to another city on business, a manager sending their team on a business trip or an Office Manager planning and booking Business Travel for anyone in the company, you need to make it as seamless and efficient as humanly possible. Booking Business Travel can be ...

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What Items Count as Travel Expenses – A Guide for Employees

by travelonbiz   ·  3 months ago   ·  

Since the average cost of a domestic business trip in the United States is around $990, and the average for an international business trip can amount to $2,525, we can definitely say that Business Travel costs a lot of money. But Business Travel is not only expensive for companies. Employees can also end up spending a ...