Firms advised to 'tighten travel policies'
Commercial insurance
1st May 2009
Businesses are being advised to tighten their travel policies during the economic downturn.
According to the Guild of Travel Management Companies (GTMC), ecological and financial factors are behind the development, which could see firms reducing their carbon footprints and saving money.
"It might have been cheaper to go by air rather than rail, but a lot of this depends on how flexible or inflexible you are at getting the right price," he commented.
A report published last year by the Business Travel Coalition found that just over 25 per cent of companies said they had put in place emergency travel cutbacks due to the recession, while more than one-third (34.4 per cent) had implemented travel freezes.
Most of those questioned (61 per cent) by the Association of Corporate Travel Executives claimed their organisation had a corporate social responsibility charter in place.
The GTMC consists of a range of travel management companies, from small independent specialists to top regional agencies.
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