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Making Your Business Travel More Cost Effective During The Current Recession

by Anjeeta 10. July 2009 12:43

The current global economic slowdown has adversely affected the bottom line of companies all over the world. A direct result of this has been the introduction of various cost cutting measures like freezing of pay and forced unpaid vacations. Business travel which has been on the decline lately has been one of the first areas where companies have tried to trim expenditure through various different measures like better management of travel and more stringent reporting of expenses. It's not just large companies that are instituting these measures even small companies, which generally account for 70% of air travel spending in the U.S., are cutting back and closely regulating travel expenses.

However many companies also realize in this era of globalization they can't really afford to entirely do away with face to face meetings that are conducted via business travel more so if their business competitors are continuing to carry out these meetings. Moreover companies which are based in the western hemisphere are also cognizant of the fact, that Asian economies like China and India have grown to become major economic powerhouses during the last decade. This has necessitated the setting up of regional and global offices of a parent company which is head quartered in the west. While daily communications between the parent company and its regional or global branches can be effectively managed via technologies such as video conferencing, relationship building which is often believed to be the cornerstone of business success can only be achieved by face to face meetings.

With the trimming of business travel budgets in the current scenario the onus of the effective management of business travel has fallen on the in house travel department of a company which usually makes all the business travel arrangements for its executives. These travel departments now have to streamline their processes so that they are able to procure the best deals for their executives. They have to their utmost to ensure that these executives continue to travel for business in the manner that they are accustomed to and not be forced to downgrade either their airline cabin or hotel choices, especially when this travel for business involves long haul flights across continents.

The Internet is peppered with various travel websites who all claim to have the ‘best' fares available but when business travel involves long haul travel and distances, these in house company travel departments have a better chance of securing the best business class fares while working in tandem with a supplier of discounted business class fares like the New York City based, travel management company Fare Buzz.

International itineraries often tend to be extremely complicated and while travel websites might offer quotes for specific routes they are not really able to give their clients the complete range of options that are available to them. Fare Buzz, unlike these run of the mill travel websites is equipped with a customer service desk which is manned by manned by experienced ‘live' travel consultants who are on hand seven days a week to help you find the best airline business class fares, hotel and car rental deals for any destination in the world and thus it can help you procure the most cost effective and complete business travel package.

Moreover Fare Buzz can also help tailor vacation packages to meet the incentive business travel needs of various companies. Incentive travel is usually used to ‘award' an employee for a job well done and it is considered to be extremely essential for the maintenance of employee morale. With its exclusive relationship with a wide network of more than 100,000 diverse hotel properties and its contacts with more than sixty domestic and international airlines, Fare Buzz can easily customize a complete vacation package at discounted rates which can then be used for to meet the incentive business travel needs of a company.

So if you are currently looking for a way to work within the boundaries of a restrictive travel budget, why don't you give Fare Buzz a call at 1-888-808-4123 and see what it's helpful and knowledgeable travel management team has for you. I have no doubt that you will be quite pleasantly surprised.

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