Many businesses can be attracted to video conferencing because it is one effective way to cut costs. By meeting online instead of face-to-face meetings, companies will be able to save significant amount of money on travel and accommodation. According to Travel Leaders Corporate, a corporate travel management, the average costs for both domestic and international trips have increased from the first quarter of 2012 to the second quarter of 2013. International travel costs $2,398 while domestic travel costs $965.
There’s also no hassle in setting up online meetings. Just determine the date and participants and send out the invitations and that’s it.