Business travel is the action of taking of any trip for the purpose of work, with the exception of any usual daily commute.
Business travel is undertaken for a variety of reasons including sales appointments, meetings with customers or suppliers, meetings at other company locations, conferences and events, training and professional development opportunities. Business travel is either paid for directly by the employer (e.g., via a corporate credit card or lodge card) or personally by the traveler, who is later reimbursed through the employer’s expense management system. Such trips can account for a substantial part of a company’s controllable expenditure: business travel is often the second-largest cost to a business after salaries and benefits. Business travel management is therefore of significant strategic importance to most companies. Large organizations often invest heavily in corporate travel software and travel expense software to help them manage their business travel program.
Learn about business travel booking solutions from KDS.