Book flights for business with seven days or less in advance cost on average 44 per cent more companies than do 15 days in advance, revealed a study of Concur, provider worldwide of control of expenditure for business travel software.
The analysis data from 22 million round trips made in the United States from 2011 to 2015, booked through Concur app, discussed explained Rossana Bobadilla, Director general of the company in Mexico.
The study establishes that book a flight at least eight days before is to get rates 22 percent older if they withdraw two weeks earlier, the study says, so the best option is to buy 15 days in advance,
“Is the general knowledge that air travel at the last moment will cost significantly more, but book those tickets to eight days in advance is the best point to keep the costs of last moment as manageable as possible,” said Tim MacDonald, Executive Vice President of platform and data services of Concur.
The analysis of Concur – a company with 23 years of existence and more than 32,000 customers world – also discovered that January and August are the worst months for travel at the last moment due to the increase of tariff differences, i.e. the amount paid above the average price of an airfare purchased 15 days in advance.
Suggestions to reduce business travel costs
$1· Be sure to take into account the location to determine if the savings in airfare are higher costs spent on petrol or car.
$1· Plan to avoid traveling during the summer months when rates are at peak prices.
$1· Take into account the complementary fees when considering travel options. The registered luggage and food prices rapidly accumulate.
$1· Set a travel policy and take advantage of travel reservation as Concur corporate apps. By doing this, companies can save up to 12% of its investment in travel expenses a year.