Expensive business trips may result from trying to cut costs
Tuesday, August 21, 2012
When travel managers make decisions regarding business travel, they may try to curb expenses wherever possible. However, new data shows that some of the biggest travel expenditures are the result of attempts at saving.
Travel management company Concur and finance website The Street teamed up to find the 10 most expensive destinations for business travelers. Cities like Chicago, San Francisco and New York City made the list, but some of the other wallet wreckers will surprise business professionals.
Small cities and suburbs like Bellevue, Washington, Plano, Texas, and Garden City, New York, proved to be budget busters. Since many businesses lack corporate suites, travel management companies book hotel rooms in lesser known cities, hoping the rates will be cheaper than they would be in Seattle, Dallas or New York City. Unfortunately for businesses, these cities understand their own appeal, and have room rates to match.
Another overlooked factor is car rental.
"If you're guessing putting that employee 18 and a half miles from Manhattan on Long Island and letting him or her drive into town each day will cut costs, you may as well guess that there won't be traffic on the Long Island Expressway," reports The Street.
Surprisingly, food costs seem to remain constant. According to FindtheData.org, meals and incidental expenses incurred in Manhattan are the same as those incurred in Newport, Rhode Island.