There are numerous benefits of using a travel management company (TMC) and savings is the top advantage. A key component of a managed travel program is unused ticket recovery. Read more…
Original post by John W. Schoen, CNBC When an airline decides where and when to fly its planes, there’s often a lot more at stake than just the bottom line. The final choice of routes can be controversial, as United Continental‘s recently ousted CEO discovered after allegations surfaced that the
Men take the lead on business travel according to a survey conducted by Aries Residence Suites. The survey, detailed by Ryan Rudnansky on travelpulse.com, had a total of about 1,000 respondents. See Rudnansky’s article below. Aries Residence Suites recently released an infographic that details business travel in 2015. According to
As of July 2015, hotel occupancy continued to increase, topping at 75.3%, which is the maximum that has been documented by Hotel Data Company, STR. Read more…
Business travel can get old and feel like a drain. Here are ways to spice it up and enjoy being on the road again…
Ground transportation, including rental cars, taxis, and limousines generally signifies 8-12% of the total corporate travel spend. Regardless of size or number of global locations, corporations with negotiated car rental agreements normally save 10-30% of ground transportation spend. Due to the economic recession, many corporations signed unlimited term car rental
Sharing economy suppliers are frequently described as “disruptors” due to the impact intended on conventional ground transportation and hotel suppliers. As sharing economy providers steer into the corporate travel market, it is timely for travel managers to begin discussions with travelers and program stakeholders. The sharing economy involves peer-to-peer products
Due to the increasing consolidations of airlines, negotiating corporate travel agreements has become even more difficult. This environment has created continuing challenges for corporate travel buyers, since current contracts with preferred vendors may not be suitable for a company. If a current preferred supplier was involved in a merger or
Corporations that mandate travel program compliance have achieved strong outcomes for years. Auxiliary fees, market modifications, and the requirement to push increased compliance have encouraged corporations to examine travel policies. A majority of companies should be reconsidering their travel policies annually. This process should not be delayed until a crisis
Now more than ever, duty of care is a crucial responsibility for a corporation. Business travel continues to expand globally and the accompanying risks to both employees and operations have greatly increased. According to a study by International ISOS, 95% of over 600 companies polled said they required business travelers
