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by Loren G. Edelstein | August 04, 2010

Stricter policies requiring purchase of nonrefundable airline tickets and the lowest-logical fare could save an estimated $29.8 billion in total corporate costs, according to a study released Monday by the NBTA Foundation and Egencia. Based on best practices and insights from 689 North American travel buyers, the study takes a comprehensive look at policy mandates vs. guidelines, consolidation, booking procedures, class of service, advance purchases, pre-trip approval, groups/meetings and emergencies, among other issues. The full results can be downloaded here.