Many small-to-medium business enterprises (SMEs) are replacing travel with technology, one transport expert has stated.
According to the Business Travel magazine, firms are looking to tighten their travel policy for employees as the effects of the credit crunch begin to bite harder.
The news provider said SMEs have previously hesitated in taking this action as it is a "serious thing" to tell staff how they are allowed to travel.
Gill Upton, editor of the Business Travel magazine, stated video technology and web conferencing are two measures which will be used to reduce staff travel.
"If they're non essential, non face-to-face meetings then video conferencing works really well as technology has improved and it is much cheaper to set up," she commented.
According to the Business Travel Coalition October 2008 report, the Financial Crisis & Travel Policy Changes, over a quarter of respondents said they had implemented emergency travel cutbacks in the past few weeks as a direct result of the credit crunch.