Cost Savings Calculator for Virtual Board Meetings
| Air Travel | Enter # | Total |
How many members do you fly in from a short distance? (e.g. Chicago to New York) |
$12,000 | |
How many members do you fly in from a long distance? (e.g. Los Angeles to New York) |
$10,000 | |
| Car Travel | ||
How many members drive to your meeting? |
||
What is the average distance they drive in miles? |
$375 | |
| Hotel | ||
How many hotel rooms do you typically pay for? |
||
How many nights does each member stay? |
$24,000 | |
| Other | ||
Average cost of food, room rental, equipment, entertainment, and other site expenses? |
$24,000 | |
| Totals | ||
Approximate cost of in-person board meeting |
$70,375 | |
Approximate cost of virtual board meeting |
$13,020 | |
Amount you could save on this meeting (X%) |
$57,355 |
