ASIA Travel Tips.com

 

Hogg Robinson Shares Tips to Help Companies Manage Travel Costs

Search ASIA Travel Tips .com Latest Travel News Send to Friend Friday, 14 November 2008

As challenging economic conditions dominate news headlines, companies are starting to tighten their purse strings on business travel and related expenditure. Yet, there is mounting recognition that business travel must continue, particularly in today's global marketplace.

"The role of a corporate travel services provider has become ever more vital," said Greg James, General Manager at Hogg Robinson Group Singapore. "We aim to help our clients optimise their travel budgets, focusing on cost savings and efficiencies where appropriate and creating maximum return on expenditure. This may mean helping companies attain better control and compliance to travel policy, proposing alternatives to travel or considering the best service option to meet their needs."

Hogg Robinson Group (HRG), an international corporate travel services company, has shared a few tips on how corporations can better manage their travel budgets through this testing period.

HRG recommends that companies should:

- Tap on the Bargaining Power of TMCs: With their long entrenched history and extensive network of travel suppliers, travel management companies are in the best position to negotiate lowest hotel rates and airfares. Companies should make full use of the expertise TMCs can offer to optimise their travel budget and achieve maximum value.

- Evaluate Travel Policies: In view of the challenging global environment, companies should evaluate the effectiveness of travel policies and assess the need to adjust the class of travel, for instance, implementing a downgrade from business to economy class. Such measures can result in direct and significant cost savings.

- Enhance Policy Compliance: Compliance management is especially crucial when budgets are tight. Expenditure must be planned before a trip is made and companies should carefully monitor intelligence from credible reporting tools to ensure compliance. Where employees have breached travel limits, early and appropriate action must be taken. Companies can embark on an internal communications programme to highlight the importance of compliance as a cost-cutting measure.

- Make the Most of Technology: Employ the latest technologies which are capable of providing the best value fares from a host of sources. Focusing on achieving maximum cost savings for clients, HRG has rolled out its dedicated solution, HRG Global Pricing Desk, across Europe with plans to extend the service into Asia Pacific shortly. The service will help organisations achieve greater value from their investment in corporate travel and HRG claims it can result in an average 13% saving per air ticket. The bespoke solution taps into a team of highly skilled and experienced fares analysts' knowledge of routes, air fares and complex IATA (International Air Transport Association) rules to obtain the lowest rates on multi-sector flights on a proactive, pre-trip basis.

- Explore alternatives to travel: The objectives and intended achievements of trips taken must be clearly spelled out so that unnecessary travel can be avoided. Companies should examine the need for travel and explore alternatives such as video-conferencing and webinars where appropriate. To get maximum return on investment, a number of meetings should be scheduled per trip rather than just one meeting.

"The current global economic challenges are unlikely to vanish overnight and will only add to the pressure that businesses face. This is when our expertise is at its most valuable: by working in tandem with our clients, we are able to offer significant, value-added solutions which help them meet their objectives," said James.

See other recent news regarding: Airlines, Aviation, Flights, HotelsPromotions, New Hotels, Hogg Robinson, Singapore

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Sustainable Hotels and MICE. Exclusive HD video interview with Grace Kang, Managing Partner of Greenview Hospitality. Criteo Travel Flash Report 2016. Exclusive HD video interview with Mr. Daniele Beccari, Global Head of Travel at Criteo. Chef Fernando Arevalo, originally from Bogota, Colombia, worked his culinary magic in New York and Hong Kong before moving to Singapore where he is today the Executive Chef of Artemis Grill on the 40th floor of Singapore's newest green building - CapitaGreen.
Sustainable Hotels and MICE Criteo Travel Flash Report Colombian Chef in Singapore
Exclusive HD video interview with Mr. Hiroshi Sawabe, Executive Director of the Office of International Tourism, at JATA (Japan Association of Travel Agents). In this interview filmed on 24 September at the JATA Tourism Expo 2016 in Tokyo, Japan, Mr. Sawabe speaks to Steven Howard of TravelNewsAsia about the status of tourism within the country. HD Videos from Sabre's Travel Technology Exchange APAC 2016. Sabre, a leading technology provider to the global travel industry, hosted over 500 members of the Asia Pacific travel industry at its inaugural Asia Pacific Travel Technology Exchange (TTX) conference in Beijing from 21 to 24 September 2016 Spa and Wellness Industry - HD Video Interview with MD of Thailand-based Destination Spa Management, Joy Menzies.
Japan Tourism Update Sabre TTX APAC 2016 Destination Spa Management
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER

Latest Travel News
Advertising
Advertising

 
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com