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
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