ExhibitionPilot - Edition 2/2010
Business Travel costs down
What are the cost cutting priorities?
Companies in Germany and all over the world have picked up the red pencil concerning their business travel expenses and are continuing to do so.
Whereas the number of business travels by German managers was reduced by 11 per cent to 145 mil. in 2009, the cutbacks in Euro reached 12 per cent. This resulted in a total sum of 41 bill. Euro spent by German companies in 2009.
What are the cost cutting priorities?
In the first quarter of 2010 the austerity measures mainly referred to
- the reduction of travel volume (81%)
- alternatives to business travel, like video and web conferences (63%)
- less activities in the business event sector, e.g. trade fair participations and customer events, (50%)
- more restrictions in travel guidelines (46%.
