According to a report from Carlson Wagonlit Travel, a company that specialises in managing business travel, 40% of business travel budgets are spent on hotel costs as opposed to flights or train fares. The reason for this is that businessmen and women are prioritising things such as the location of the hotel in relation to the venue of their meetings.

Other things such as high speed Internet access, security, the quality of the service and of course the food are also important.

With such a large portion of business travel budgets being spent on the accommodation, how can businesses keep these costs down and ensure that they don’t spiral?

One way is to understand what their employees need from a hotel before any bookings are made, that way they can look around and compare prices. Booking early is also recommended so that deals can be negotiated with the hotels.

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