Budget and save when traveling for business

Posted by Elena del Valle on August 14, 2013

By Chris McGinnis
Business travel expert
Best Western

Chris McGinnis, business travel expert, Best Western

Photo: Melissa Wuschnig

Higher prices on airfare and lodging are a healthy indicator of the travel industry’s comeback. In fact, most major airlines are reporting strong profits in recent quarters after several years of capacity reductions, consolidation and the addition of new fees.

As the industry continues to experience a revival, business travel costs are increasing across the globe. In the U.S. the average per diem for food, hotel and miscellaneous expenses in the top 100 cities rose to $262 this year, up 1.6 percent over last year. As businesses prepare for the fall business travel season, business owners and managers can prepare for the season and save the company’s travel budget by considering the following:

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