You can’t measure, and definitely can’t reduce, what you can’t see and so it’s absolutely imperative to get visibility of your travel spend if you’re looking to make savings. That said, getting true visibility on your travel spend can be a mammoth task – with lots of data and lots of analytics, it can feel overwhelming.
The best place to start is to identify where most of your budget is being spent, as this will give you an area to focus your savings efforts. To do this, work out your total travel spend and then break this into travel types; accommodation, rail, flights etc. You’ll then be able to tailor your cost-cutting and properly evaluate how your business is travelling.
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