Improve air, hotel, and car rental negotiations with several key actions to start now to assure your company accomplishes its 2017 program goals. The first essential step before starting the negotiation process is to outline your strategy, which should include developing a plan that requires effective and aggressive negotiations. In
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
