American Express says businesses tightening business travel

Companies will rework airline, hotel contracts

By Tom Stundza -- Purchasing, 9/24/2008 4:00:00 PM

Business travelers will face stricter requirements in 2009 as corporations balance flight costs, ticketing restrictions and reduced airline capacity against the price tags for car rentals and hotels. That’s what travel executives with the American Express Business Travel Group tell MarketWatch.

The American Express travel group says companies are planning to tighten the reins on travel and entertainment expenses, seeing them more as a cost and not as an investment or a necessary revenue-generating business function. So, as corporations will face a bevy of economic challenges in 2009, business travelers may find their companies have made major adjustments in travel policies and have renegotiated contracts with the airlines, car rental companies and hotel chains.

See Purchasing.com’s expanded coverage of this story here: American Express advises travel buyers “to trim fat, not muscle” of travel programs

Average Rating:

(0)

Rate this:

Talkback

We would love your feedback!

»MORE

Featured Company

Zycus

Zycus provides global spend management solutions to more than 150 leading Fortune 1000 customers that consider spend management software, processes and technology strategic to their competitive advantage. Zycus Spend Management solutions automate... more
LeanLogistics

LeanLogistics, Inc. is the global leader for innovative transportation solutions. Leveraging one of the industry's largest transportation networks, we combine technology and services to tailor transportation solutions to the needs of our customers... more
Exel

We're the leading contract logistics provider in the Americas with 40,000 associates at more than 500 sites throughout the U.S., Canada, and Latin America. Exel is part of the SUPPLY CHAIN division of Deutsche Post DHL, the world's leading... more
Global Data Mining

GDM specializes in global trade data, and helps provide global trade data and enterprise-wide data solutions to help importers and exporters around the world optimize & automate global trade processes.Working closely with the Content Specialists of... more
Ariba

Ariba is the leading provider of spend management solutions. Delivered on demand, our enterprise-class offerings empower companies to achieve greater control of their spend and drive continuous improvements in financial and supply chain... more