
Business travel budget blowing up?
Why South African business travel spending is skyrocketing - and how to keep your costs under control.
South African businesses are all set to go global, but they're bumping into higher price tags that might have them thinking twice about the next face-to-face meeting. The latest global travel trend research from the Global Business Travel Association (GBTA) shows a massive 47% leap in corporate travel spending in 2022.
Budgets are being stretched thin, and the burning question on everyone’s mind is, what’s fuelling this rise in travel expenses, and how can firms steer back into a financial comfort zone?
Bonnie Smith, GM of Corporate Traveller, takes us through the landscape of factors causing South African business travel costs to soar – and what to do about it.
An alliance with Corporate Traveller can be your guiding star in tackling these price challenges head-on. "With the marked rise in South African business travel spending, taking steps like re-evaluating demand, negotiating afresh with suppliers, fine-tuning policies, and making data your friend is crucial. However, this isn’t a solo mission. Teaming up with Corporate Traveller can change the game. With the perks of discounted rates, simplified booking procedures, in-depth reporting, and support for travellers, reining in costs is a horizon within sight," she says.
About Flight Centre Travel Group
The Flight Centre Travel Group is one of the world’s largest travel retailers and corporate travel managers. The company, which is headquartered in Brisbane, Australia, has company-owned leisure and corporate travel business in dozens of countries, spanning Australia, New Zealand, the Americas, Europe, the United Kingdom, South Africa, the United Arab Emirates, and Asia. ASX listed Flight Centre Travel Group (FLT) also operates the global FCM corporate travel management network, which extends to more than 100 countries through company-owned businesses and independent licensees, along with Corporate Traveller, the flagship business specific to the small-to-medium-sized enterprise sector. For more information, visit fctgl.com.
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