Researchers Bunsheiner International reported that the average US business traveller spent just $6,667 (£4,153) in 2002, down from $10,000 in 2001.
Two thirds of respondents said they had cut costs by sticking tightly to travel policy, renting smaller cars and encouraging day trips to avoid hotel costs. Many avoided travel entirely by using telephone, web and video conferencing.
Cheaper airfares, respondents said, only had a minor impact on the decrease in travel expenses. More saving were found by cutting down the number of trips and their duration.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice