Business travel can be a great asset to your company. It helps strengthen employee relationships, build company morale, and foster creativity.
In fact, a recent report by the U.S Travel Association reveals that for every dollar spent on business trips, companies earn an average of $2.90 in new profits and $9.50 in increased revenue.
But business travel can come at a huge cost. The expenses can sometimes get out of hand, and the drawbacks may outweigh the benefits.