Tip of the Day

Streamline your business travel budget.

The National Business Travel Association (there really is an association for everything, isn't there?) reports that corporate travel managers predict a 5% to 8% increase in business travel costs for 2009, including airfare, hotel stays and car rentals.

NBTA projects:
* Airfares will increase 7% to 10% next year over 2008.
* Hotel rates will rise 1% to 4%.
* Car rental rates will increase 1% to 3%.

In response, NBTA foresees companies reducing non-essential travel, enforcing new travel policy mandates and implementing tools like eFolio hotel data -- which enable automated hotel spending reports to streamline expenses and flag spending out of line with company policy.