Restricting Business Travel/Managed Travel
The Issue: Smart, efficient government travel spending is more important than ever. With a fragile economy, impending budget cuts, and growing pressure on government agencies to spend more wisely, travel management programs are essential.
Misguided government policies and political maneuvering jeopardize participation in critical business meetings and events, as well as continued growth in the business travel industry. Increased business travel strengthens the economy and grows jobs. Knee-jerk efforts to curtail legitimate business travel to meetings have severe unintended consequences. Blanket prohibitions and “local only” pronouncements are shortsighted, result in less control over projects and spending, and, ultimately, harm the economy.
GBTA Position: To ensure smart travel spend, companies and government agencies need managed travel programs. This specialized business function addresses the demands of business travel through reasoned policies, supplier negotiations, travel services oversight, traveler safety, security tools and credit card, travel and entertainment expense management. Although in place at many large and small companies, state and federal governments fail to leverage the benefits of managed travel programs. The return on investment for managed corporate business travel says it all: every dollar increase in managed business travel spending increases company profits by $20 on average.