18 June 2009 | Martha McKenzie-Minifie
Cost-cutting habits in corporate travel are expected to outlast the downturn, a study has found.
The Association of Corporate Travel Executives (ACTE) survey, released yesterday, showed almost 80 per cent of respondents were making greater use of conference calls or similar tools, such as webex and telepresence to reduce travel costs in the recession. Other widespread cost-cutting measures are decreasing the number of approved trips (68 per cent), booking further in advance (66 per cent) and downgrading the class of travel (49 per cent).
The report said companies planned to ease restrictions when financial stability returns but several measures were likely to remain including increased use of conference calls, advance bookings and lower class travel.
The survey of 60 corporate travel buyers was released to coincide with the Business Travel Market event at ExCeL in London this week.
Business Travel Market founder Paul Robin said: "Some of the travel restrictions that were forced on many business travellers have proved workable and will be here to stay."