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Useful Tips to Stretch Your Business Travel Budget

March 11, 2023 By Mel

budget

Corporate travel may sound like such a cool thing until you find out that corporate travelers have a budget that they need to stick to – and that budget can be quite frugal, at best. This is especially true if you’re not a part of top management.

The constant challenge for the average business traveler is how to keep within budget. This can become quite a chore if you’re traveling to a country that is known to be expensive – like Japan or England. But if you know how to handle your budget correctly you can stretch it and come out on top at the end of your trip. Here’s how to do it:

Share costs

Oftentimes, you’ll go on a business trip with your colleagues. To gain significant savings, ask them to share in the costs for certain expenses. For example, instead of booking individual hotel rooms, which can be quite expensive, you can book a serviced apartment instead. A serviced apartment is more affordable than a hotel room and since there are apartments that have more than one bedroom you get huge savings on your accommodation costs.

Cook your meals

If you rent a serviced apartment then you can do something that will allow you to save a huge amount of money from your travel budget. Serviced apartments come with a full kitchen. Take advantage of this amenity by cooking your meals and you can save a ton. Bring a couple of easy to cook recipes with you on your trip. Shop for the ingredients in a supermarket and then cook the meal. This is definitely more cost efficient than dining in a restaurant every day.

Fly during the midweek

Travelers usually book flights during weekends. Airlines know this that’s why the rates during weekends are higher than on any other day. Midweek flights, on the other hand, are not as in demand so the rates are lower.  Book a flight scheduled for the midweek and you’ll save money and stretch your travel budget.

About The Author

Derek Gallimore is the director of Boutique London Lets, a company that operates and hires out service apartments in London.

Filed Under: Travel, Travel Features Tagged With: Apartment, Business travel, England, Hotel, Japan, London, Serviced apartment, Travel

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