"… According to the Travel Industry Association, average domestic air fares actually dropped 1.3 percent in August compared with August 2006. But other factors, especially a 6.5% rise in average hotel rates, drove up overall travel costs by 2.4 percent for the month."
From the New York Times 10/2/07 "Conference Calling as Plan A, With Flying as a Backup"
Travel costs are rising and so are travel headaches. Not only do busy executives have to hassle with longer lines at airline checkins, long flight delays, and security check headaches, but add a 6.5% increase in the average cost of a hotel room. There just isn’t a better time for executives to be looking for a cost efficient alternative to travel for some business needs.
Conference Calling is just one of the solutions that top executives routinely implement as a cost saving measure to improve the bottom-line. With travel expenses up nearly 2.4% for September alone, the squeeze to find replacements to business travel is top priority for concerned business owners.
It used to be that the technology that drove conference Calling and Web conferencing was expensive, hard to use, and spotty in stability, but with new advances and new technology this has certainly changed. Conference Calling is a truly viable consideration in light of the overall increases in the cost of business travel.