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February 13, 2009

Millions blown on buying travel

Small to medium-sized companies (SMEs) in the UK are wasting up to £500 million each year by booking their own business travel and failing to adopt a company-wide travel policy, according to a recent survey carried out by the Business Travel Show.

There are 4.7 million SMEs in the UK accounting for a massive £2.5 billion of business travel spend each year. Yet, claims Business Travel Show event director David Chapple, up to £500 million of this budget may have been spent unnecessarily.

“Many SMEs don’t have the time or knowhow to put a huge amount of effort into booking business travel and, more often than not, end up online booking their travellers onto the same airlines and into the same hotels and meeting venues through the same consumer websites time and time again,” he said.

“But by doing this, rather than using specialist online suppliers, they remain oblivious to an untapped pool of fantastic products and services, miss out on corporate user discounts and reward programmes, take a lot longer than a specialist and, most importantly, spend up to 20% more than they need to.”

To help SMEs identify exactly how much money they can save, the Business Travel Show has created an easy-to-use Travel Savings Calculator in association with Omega World Travel, which can be found at http://www.businesstravelshow.co.uk/en/visitor-zone/travel-calculator.aspx.

The Business Travel Show takes place from 10-12 February 2009 at Earls Court 2 in London.

For more information, visit www.businesstravelshow.com

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