How much will your company spend on travel in 2021? With such uncertainty surrounding the state of business travel, it’s difficult to say. The answer can change by the day. Your company may scale back on travel this year, which, of course, will impact 2021 spend. But despite the question marks, we’ve outlined ways in which your company can gain greater clarity over travel spend this year. We’ve also included some cost-saving suggestions just in case you need some extra room in your budget if travel activities pick up sooner than presently anticipating.
From redefining “essential” travel situations and enforcing pre-trip approvals, to monitoring supplier announcements and reclaiming supplier credits from 2020, there’s a lot to consider when assessing business travel budgeting for 2021.
Learn how you and your company can budget, proactively plan, and manage business travel spend 2021.