20 August 2007 | Antony Barton
Travel and procurement managers are focusing on policy enforcement to reduce costs.
A survey from BCD Travel found mandating travel policy was the most important initiative among travel managers. The number of companies with air travel programme compliance levels greater than 80 per cent increased by 9 per cent in 2006.
"Business travel is at an all-time high, but increasing demand has sparked higher prices and shrinking availability in both air and hotel sectors," said Mary Ellen George, general manager of Advito, the independent consulting division of BCD Travel, which provided data analysis and forecasting for the survey.
She said companies are therefore making better use of spend data during negotiations to secure cheaper deals and using differentiated pricing methods to promote cheaper transactions via online booking tools.
Only 23 per cent of respondents said travel was included as part of their company's corporate social responsibility programme.
The survey was based on the views of 219 BCD Travel customers worldwide.