Days of luxury business travel numbered, according to American Express

The company, which surveyed corporate travellers in February, found that 79% had flown on a Saturday or Sunday to save money, and for nearly half ‘no-frills’ airlines now formed part of their travel policy. Just under 50% said they chose flights purely based on cost.

Travellers were also using new technology in a bid to overcome time pressures. Nearly two fifths of low cost flights were booked through the internet in 1999 and 54% of corporate travellers said they accessed the net from their hotel rooms.

‘Travel and time related expenses account for a large part of corporate costs, as much as 7% of a company’s total operating expenditure,’ Iain Robinson, head of UK Corporate Travel at American Express said.

‘With corporate travel on the increase managers are looking for more effective ways to deliver savings.

Egg’s finance head poached by Smile

Related reading

aidan-brennan kpmg