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Over 30% Corporations Have Reduced Expenses for Business Trips in the Past 3 Years

“Research on Expenses for Domestic and International Business Trips” conducted by the Institute of Labor Administration revealed that 33.6% corporations have reduced expenses for domestic business trips in the past 3 years (since 2011.) On the other hand, more than 60% of the corporations have not cut down the expenses. This is evident in small enterprises with less than 300 employees, for more than 70% of them have not reduced expenses while many large enterprises have engaged in expense reduction.

43.4% of the corporations cut down expenses by reducing daily allowance, 35.3% by reducing accommodation cost (shortening the trip and downgrading the hotel) and 30.3% by utilizing TV/internet meetings which do not require any business trip.

Compared with the same research conducted in 2000, more companies mentioned these 3 means for reducing expenses. Corporations grouped by their size, “reducing daily allowance” was the most chosen answer in all groups except for larger companies with over 1000 employees with 48.1% of them choosing “utilizing TV/internet meetings.”

On the contrary, “using coupon tickets”- the means most chosen in 2000 went down from 55.9% to 10.5% and “making daytrip instead of overnight trip” also decreased (39.8% in 2000.) The Institute of Labor Administration analyzes that these means had already accepted as means of expense reduction.

This survey was conducted during January 8 to March 5, 2014, targeted at 3417 listed companies and 298 unlisted companies and the number of valid response were 226.

(Travel Voice Editorial Department)