With travel budgets tight and rates high, buyers keep costs in check in 2008

from purchasing.com

In 2008, corporate travel buyers are keeping an eye on oil and fuel prices, watching to see how recent hikes are going to impact the cost of an airline ticket. They are also well aware that hotel rooms in some cities such as New York and San Francisco are scarce this year and getting more expensive.

Travel buyers, many of whom now report to procurement, are applying strategic sourcing to the travel spend and implementing policy changes that encourage travelers to book trips with preferred suppliers.

Such moves are helping to keep travel costs in line, but still many of purchasing’s internal customers have tighter budgets in 2008.

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