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Business Travel View - Tel Aviv

by Walter 14. October 2009 18:27
Tel Aviv, the second largest city in Israel is its economic hub and financial center. The city has often been described as a ‘flourishing technological center’ for Tel Aviv has a booming high-tech industry which is an important and influential center for research and development. The city and its satellite towns of Herzliya and Petah Tikya are home to countless domestic startups as well as local and international venture capitalist firms and it is estimated that Israel has more publicly traded companies on the Nasdaq stock market than any other country outside North America. Further it is believed that these Israeli start-ups attract more venture capital funding than any country outside North America so much so that the city of Tel Aviv is often described as ‘Silicon Wadi.’ Tel Aviv’s high tech industry today contributes greatly to the country’s export sector and technologies developed here can be found in the products of various multi-national companies in the spheres of computers, information systems, medicine, optics, consumer goods and software.

Aside from being a technological hot spot, Tel Aviv is also an important financial center of the Middle East and the city is home to the Tel Aviv Stock Exchange (TASE) which is Israel’s only stock exchange. The TASE which has a listing of more than 600 publicly traded companies is located on a street called Ahad Ha’am which is situated within the environs of Tel Aviv’s ‘White City’. Tel Aviv’s White City was designated a UNESCO World Heritage Site in 2003 and it consists of a cluster of nearly 4000 Bauhaus or International Style buildings which were built in Tel Aviv in the 1930’s by German Jewish architects who immigrated to Tel Aviv in an effort to escape the Nazis.

In addition to finance and technology, Tel Aviv also has several other industries like chemical processing, textiles and food manufacturing. Moreover Tel Aviv is also located in close proximity to the city of Ramat Gan which hosts the world’s largest diamond exchange and functions as a Mecca for the global gem dealing community.

All this varied and bustling economic activity has firmly established Tel Aviv as an important center on the global business traveler’s map and this lively city receives a constant flow of business travelers all year long who access the city via its excellent Ben-Guiron International Airport. To meet the needs of these business travelers, Tel Aviv is equipped a wide variety of business hotels like the David Intercontinental, The Tel Aviv Hilton and The Sheraton City Tower

Tel Aviv is also known to be one of the most ‘connected’ cities of the Middle East and consequently most four star and five star hotels in the city are equipped with business lounges that offer several business essential services like free Wi-Fi, faxing and printing services, typing and basic translating services which are invaluable for the business traveler. Additionally Tel Aviv is also equipped with several free Wi-Fi hotspots which can be found at city parks, restaurants, shopping centers, gas stations and outlets of coffee shop chains like Arcaffè, Aroma, Coffee-To-Go and Ilan's.

However it’s not all work and no play in Tel Aviv as the city is renowned for its pulsating nightlife which is concentrated on its many lively bars and restaurants that line its beach front. Additionally the city is also equipped with theaters, the Tel Aviv Museum of Art, the Tel Aviv Opera House and the Israeli Philharmonic Orchestra all of which provide a welcome diversion for business travelers looking for a chance to unwind and relax after a day of hard negotiations.

If you need to travel to Tel Aviv on business, your journey from the US will almost always involve a long haul flight with a possible layover in Europe. The only way you can hope to cope with the resultant jet lag and the fatigue from such a journey is to travel in the business class cabin of a carrier that provides a connection to Tel Aviv. Business class tickets from the US to Tel Aviv can cost anywhere upwards of $3000 and if you need to travel to Tel Aviv often, these prohibitive costs can eat into your company’s annual travel budget quite rapidly.

However you can easily manage to procure cheap business class tickets for all your business class travel to Tel Aviv by availing of the highly cost effective and efficient services of a business class travel specialist, like the New York City based travel management company, Fare Buzz. Fare Buzz is a leading supplier of cheap business class flights. Through its contracts with over sixty domestic and international airlines it is able to procure cheap business class airfares to nearly every global destination. You can actually expect to have savings of nearly 70% when you book your company’s business class travel through Fare Buzz instead of regular channels. Moreover the travel desk at Fare Buzz is manned by knowledgeable and experienced personnel who are on hand seven days a week to help you with all the travel planning necessary for your journey to high- tech hotspot of Tel Aviv. Do call Business Class hotline at Fare Buzz, 1-800-847-1963 to procure the most competitive and affordable business travel deal to Tel Aviv today.

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Good News for Business Travelers!!

by Walter 28. May 2009 10:05
OpenSkies Airlines is offering a free companion ticket with the purchase of a business class ticket. This offer is good for a limited time period and ends May 31st, 2009. All bookings have to be made by May 31st, 2009. OpenSkies which is a British Airways subsidiary operates non-stop between New York & Paris and New York & Amsterdam. Infact, it is the only airline that operates all business class flights from New York to Paris and New York to Amsterdam. OpensSkies offers Cheap Business Class Airfares which are comparatively much lower than most other airlines. Since this offer ends soon, the best way to make reservations is by calling 1-888-808-4123 or email Ratedesk@farebuzz.com

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Some Hotels now Offering Free Internet

by Walter 3. February 2009 16:27

No matter where I travel too I will always need the Internet. I am sure there are many of us who are in the same boat. However, I am frankly getting tired of the fees associated with Internet usage and my hotel stay. Finally, there is some hotel smart enough to start giving away Internet for free. According to Hotels Mag, Shangri-La says it's the first international hotel group to offer free Internet to guests in every part of each hotel — that's guestrooms, public areas, restaurants, lounges and function areas.

What has taken so long? Frankly, I have no idea. However this can be a great way for those of us who travel for business to save some extra money. I am sure that free internet will make all business travelers happy.

 If you are interested in booking a few nights at the Shangri-La hotel or any hotel for that matter, check out these super low rates for hotels.  Search Hotel Rates.

Joseph Maresca
Online Marketing
Director Fare Buzz

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Free Online Booking Engine

by Walter 6. January 2009 18:07

Due to the overwhelming requests for our B2C booking engine, we are now pleased to offer our engine for free. You can easily add a fully featured booking tool to your website. You will be able to markup and earn commission on all sales, while we do all the fulfillment and customer support. Your website's visitors will be able to instantly search for and book flight tickets, hotel reservations, vacation packages, and car rentals.

 

If you are interested in our booking engine you can contact me at 888-808-4123 extension 127 or email me at Don@farebuzz.com.

Don Newton
VP Business Development

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Business Travel and Tax Deductions

by Walter 5. January 2009 10:14

With 2008 behind us and many accounting and finance departments working on the books for business conducted in 2008, there is that one little word that we all must prepare for, "taxes". If your company does alot of business travel it is important to understand the do's and don'ts of your travel expenses and tax deductions.

Here is what you need to keep in mind when preparing your business travel expenses for tax season. In order to obtain a tax deduction for your business travel the purpose of your travel must be directly related to your business, and the trip must be "primarily" for business.  If "primarily" for personal reasons, such as vacation, none of the costs are deductible.  If primarily for business, but you also spend time engaged in non-business activities, all the transportation costs but only 50% of the meal expenses incurred while engaged in business activities are potentially deductible.

In making decisions about what expenses to deduct the keywords are ordinary, necessary, reasonable in amount, and directly related to the production of income.   "Directly related to income potential" generally means associated with an activity that results in increased revenue, development, production or quality, of your products or services.

If you are traveling for more than one day you can deduct your business travel expenses if your work requires you to be away from your "tax home" substantially longer than an ordinary day's work and during your time off while away you need to get sleep or rest to be able to continue working the next day.  In this instance you can deduct the costs for transportation, lodging, and meals.

Your tax home is your main place of business, regardless of where you maintain your family home.  You are allowed to deduct your actual transportation costs, the cost of your car, and 50% of your actual meal expenses.  Lodging expenses are deductible to the extent they aren't extravagant. To justify travel costs you must be able to demonstrate a direct relationship between the activities carried out while on your business trip and the business trip's income potential.

Business expenses are reported on the appropriate business form.  For Sole Proprietorships this would be Schedule C.  Partnerships and corporations report expenses on their returns. 

For a complete discussion of how to figure allowable travel deductions see www.irs.gov/pub/irs-pdf/p463.pdf.

Tax season is approaching rapidly. Understanding business travel expense deductions could help lower your overall cost to travel and bring down some of your overhead.

Joseph Maresca
Online Marketing Director

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