Analysis: Travel budgets – just where do you start? | Business Travel News Europe
Share Setting a budget for company travel is daunting enough in a normal year. Right now, when business trips considered perfectly unremarkable during pre-Covid times aren’t even legal, any kind of forecasting is uniquely challenging. Even so, companies need a broad idea of how much they will pay once what is typically their second largest controllable expense is switched on again. To achieve a figure, they have to consider unit costs (average fare and hotel rate per trip) multiplied by the number of units they will purchase – in other words, how many trips they are likel...
Source: businesstravelnewseurope.com