Holiday travel got you down? Next time, plan ahead!
Last minute bookings are an average 20% more expensive than trips that are booked three weeks or more in advance. As a company that specializes in Workforce Globalization, AIRINC has seen it all! We help hundreds of companies coordinate their global assignees and home leave is an important component, which is why it’s important to do it right.
Not only is home leave a fundamental core benefit in global mobility policies, but dependable airfare data is also crucial to effectively estimating costs for new assignments. Mobility programs spend millions each year on airfare home leave, relocation, and repatriation.
Last Minute Booking vs Normal Peak Booking:
Simple rules of supply and demand are amplified by the holiday rush, so it pays to plan ahead and avoid last minute bookings. By providing cash allowances to assignees, companies are less exposed to last-minute decisions made by assignees than if they reimburse directly.
Assignees enjoy the flexibility of using the benefit to go home, elsewhere, or nowhere at all, but with this flexibility comes the responsibility of making sure that travel is booked in advance to avoid last minute spikes (and paying for it).
|Departure City (host)||Arrival City (home)||Economy Upcharge:||Business Upcharge:|
|Athens, Greece||Frankfurt, Germany||10%||9%|
|Istanbul, Turkey||New Delhi, India||8%||22%|
|Dubai, U.A.E.||Paris, France||12%||16%|
|London, U.K.||New York NY, U.S.A.||9%||17%|
|Tokyo, Japan||Sydney, Australia||19%||18%|
|Sao Paulo, Brazil||Mexico City, Mexico||10%||17%|
|Johannesburg, S.A.||London, U.K.||24%||33%|
|San Francisco CA, U.S.A.||Hong Kong||20%||53%|
|Sydney, Australia||Dallas TX, U.S.A.||36%||60%|
|(All information pulled from the AIRINC Airfare Database as of December 11, 2017)|
Companies often struggle to find an accurate way to determine, administer, and update the provision of air travel. This is why many companies are switching to cash allowances in lieu of reimbursing travel. Switching to cash allowances generates the need for credible data, which can be sourced from AIRINC’s Airfare Database.
The Airfare Database helps you:
- Reduce administrative time and costs
- Achieve consistency and fairness in your home leave program
- Align allowances and estimates to your company’s policies
- Assess different types of airfare
- Define and support your program with the help of experts
- Control the cost of air travel for your program!