Saturday, May 23, 2020
Six Business Travel Hacks to Save Money
Six Business Travel Hacks to Save Money Do you travel regularly for business? If youâre on the road more often than not, you probably have a business travel routine all your own. Itâs no oneâs place to mess with that â" whatever you do, it works, and thatâs great for all involved. You donât have to radically alter your travel rhythm to reduce your travel out-of-pocket costs, though. A few minor tweaks here and there â" call them âhacks,â if you must â" can significantly reduce your expenditures without getting in the way of whatever it is you need to do out there. Letâs take a closer look at six of the easiest to implement. Opt for Extended Stay Hotels Whenever Possible If youâre spending more than a night or two on the road, price out extended stay hotels in your destination. Some start long-term pricing at seven days, but others have intermediate tiers for stays longer than two or three nights. Thatâs plenty long for a midweek business trip. Plus, lower-rung extended stay hotels are cheap by any standards â" if youâre willing to sacrifice a free hot breakfast each morning, you could make out well. Get an Airline Rewards Credit Card Is your territory too big to cover by car? Get a credit card that pays you back every time you take to the skies. Seek out the best airline credit card for your spending patterns â" whether itâs an unbranded travel card that earns rewards on all air travel or a brand-specific product. Earn enough and you can redeem your rewards for award travel (cheap getaways!) or fare upgrades (more legroom!) Set Price Alerts Use online booking platforms like Kayak, Booking.com, Hotwire, Trivago, Google Flights â" whatever seems to give you the best results on a consistent basis. Reduce the amount of time you need to invest in actually searching for flights, hotels, and car rentals, and cut your final out-of-pocket expense, by setting price alerts for upcoming (or recurring) itineraries. When the algos tell you to buy, or your travel hacker spidey sense starts to tingle, jump on those deals. Negotiate Bulk Pricing If youâre not the only road warrior on your team, negotiate bulk pricing with your companyâs preferred travel vendors. This tactic is particularly effective with occupancy-obsessed hotels. Guaranteeing 20 or 30 room-nights a month is a great way to drive down per-person costs. Check the Short-Term Rental Scene Hotels not doing it for you? Check short-term rental platforms like Airbnb and HomeAway. Depending on your destination, you may well find more generous digs for less â" and youâll probably have a kitchen well-stocked enough to obviate takeout or restaurant dinners. Eat Cheap Speaking of eating cheap: if you donât have a kitchen at your disposal, hit the prepared foods section at the nearest grocery store or patronize health fast-casual eateries. Unless youâre wooing a client, thereâs no reason to sit down for a fancy meal on the road. Stay Cheap on the Road As a savvy career professional â" or business owner all your own â" you know just how important it is to keep business costs under control. Fortunately, frugality is a muscle: the more you exercise it, the stronger the impulse gets. Work on these six money-saving travel tips and youâll find yourself going farther on the same dime than you ever thought possible.
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