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August 26, 2008

Memo to Road Warriors: Watch Those Expense Accounts

Found some interesting nuggets in the latest American Express “Business Travel Monitor Report”. It looks at business travel (domestic and international) in the 2nd quarter of the year, and it said, the average airfare increased about 10% year-over-year. And that, says AmEx, is “motivating companies to strengthen policy compliance strategies when managing travel and entertainment spending.” Does this mean, don’t take your clients to dine at “Per Se” if there’s an “IHOP” handy?