Originally posted by Josh Linker on June 24th, 2015 on www.forbes.com. As an author and professional speaker on innovation and leadership, I contribute to approximately 85 corporate meetings and events each year. As you might imagine, this is a fascinating vantage point to compare and contrast how these things come to
Originally posted by Michael B. Baker on July 21, 2014 on BusinessTravelNews.com. As many buyers prepare their annual submissions of hotel requests for proposals, many are bracing for a challenging negotiating season, with industry conditions in the United States putting hotels in a position of increasing strength, particularly given rising group
Originally posted by Daniel Metz on May 12, 2014 on pcma.org. Are you worried about filling the rooms in your hotel contract at your next meeting? You’re not alone. As planners review room block pick-up reports, lagging numbers can cause some serious stress in the weeks and months leading up
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
Savings is not the only driving factor for companies that are exploring travel program process improvements. Global consolidation can produce enhanced traveler safety and security, increase transparency, decrease program difficulty, better compliance with a regulated travel policy, increase productivity with globally consistent procedures, and allow a corporation’s travel management company
While many business travelers and corporations feel that better airfares can be found online, the cost does not continually indicate value or total savings. In order to constantly decrease travel spend and enhance productivity, a managed travel program is required. A travel management company (TMC) can provide solutions that will
