International

Does business travel cost small firms more?

Fred Heritage | 26 July 2016 | 8 years ago

passport
Over half of small firm owners don’t have a business travel policy in place
Owners and employees of small businesses feel they pay more for business travel than counterparts from larger companies, new research has found.

According to the results of marketing consultancy Kelton Global’s new Small Business Traveller study, those working for smaller firms find business travel more challenging in general, as well as more expensive.

A third of small business workers feel they are not treated as well as those from large corporates when travelling and, while most are conscious of costs, more than half of small firm owners don’t have a travel policy in place, choosing instead to find the most cost effective options themselves.

By attempting to save money and set a good example to staff, however, the study concluded that the cost to small business owners, in terms of time and stress, is very high.

It takes employees as many as nine separate online stages just to book a hotel for a business trip, and workers that visit hotel booking websites do so three times on average before choosing one option, the study found.

Over half of small business travellers revealed that the biggest bug bear of going on a trip was actually the stress of the travel itself, rather than time spent planning and organising.

Despite the downsides, as many as 98 per cent of the study’s participant workers agreed that business trips included many perks for small businesses, and that the value of travel for having face-to-face meetings with new or existing business partners was unquestionable.

Kelton Global conducted the study on behalf of hotel chain Holiday Inn among over 1, 000 business travellers from smaller firms, earlier this year.

Revealed! The 13 best cities for women to launch successful startups Read more here.

Related Topics

How To Import From China To The UK
3 May 2022

How To Import From China To The UK

Read More →
What Do Companies Need From a Business Foreign Exchange Payment Provider?
18 August 2021

What Do Companies Need From a Business Foreign Exchange Payment Provider?

Read More →
Call centre services in the Philippines in high demand
11 September 2019

Call centre services in the Philippines in high demand

Read More →
Secrets to exporting success (beyond the EU)
6 June 2019

Secrets to exporting success (beyond the EU)

Read More →
HMRC announces temporary customs procedures in event of No Deal Brexit
5 February 2019

HMRC announces temporary customs procedures in event of No Deal Brexit

Read More →
Tax fraud brothers jailed for 3.6m alcohol scam
6 November 2018

Tax fraud brothers jailed for 3.6m alcohol scam

Read More →

If you enjoy reading our articles,
why not sign up for our newsletter?

We commit to just delivering high-quality material that is specially crafted for our audience.

Join Our Newsletter