Corporate India Prioritizes Managing Travel & Entertainment Costs Amid Cost Efficiency Drive
Travel and entertainment (T&E) expenses have become the largest controllable cost for companies in corporate India, surpassing employee and administrative expenses. With growing focus on savings and efficiency, organizations are emphasizing structured T&E management programs to control rising costs linked to business travel and employee spending.
According to the 'India Travel & Expense Study 25-26' by TravelSpends, travel and entertainment (T&E) costs rank as the highest controllable expense in corporate India, overtaking traditional costs such as employee and administrative expenses. This shift highlights how companies are increasingly prioritizing T&E programs in their cost management and efficiency strategies. As businesses face pressures to optimize spending, T&E costs—comprising expenses related to business travel, accommodation, meals, and related activities—are under close scrutiny. The study reflects a broader trend in Indian enterprises to adopt more structured, transparent, and technology-driven approaches to travel and expense management. These efforts aim to reduce cash leakage and improve policy compliance while enhancing operational efficiency. The focus on controlling T&E costs is also a response to the rising volume of business travel amidst economic growth and expanding market activities. Contact details for the study lead and publisher information indicate a formal press release format, underscoring the strategic importance of T&E management in today’s corporate agenda in India.
