Given that the average RFP (request for proposal) for a corporate travel management company runs to hundreds of questions and the answers can read like War and Peace, it is not surprising that both suppliers and buyers are fatigued with the entire process. And worse, according to research undertaken by consultancy Festive Road, when asked…
Even though smart bags — suitcases outfitted with USB charging stations, GPS tracking, built-in hot spots, and an array of other high-tech features — continue to flood the market, a growing number of airlines are prohibiting them from aircraft. Most recently, United Airlines, Hawaiian Airlines, and Allegiant Airlines announced restrictions on smart luggage. Delta Air…
There’s so much overlap between travel management and event spending that corporations are increasingly combining the functions. This consolidation is happening quickly in a bid to increase savings and corporate efficiency. With air and hotel costs on the rise, sustained savings are a focus among stakeholders across organizations. The Global Business Travel Association and Cvent…
According to research from the Association of Corporate Travel Executives (ACTE), underwritten by HRS, travel managers are struggling in the face of changing technology and business travelers’ needs and expectations. Respondents recognize the challenge and understand that simplifying their programs could yield benefits, but simplification initiatives face competing priorities. Titled “Simplifying Managed Travel”, the study…
Millennials are now the largest demographic group. It’d be hard to miss that news, unless you’ve spent the past couple years in a cave, disconnected. Countless articles and research papers have been written about this massive group — 79 million in the US and nearly 14 million in the UK. Representing 25% of US business…
Last Room Availability rates (LRA) can often be “over-valued” and could be costing some companies up to $1 million each year in their hotel program. Research from Hotel Solutions (a CWT consulting arm) has shown a 5 per cent gap between the perceived and actual value of LRA – for a company that spends $20m…
No matter the size of your travel program, there’s a chance your company is missing out on thousands of dollars in benefits by neglecting to maximize savings through corporate airline loyalty programs. Even if you have enough volume to score multiple discount rates with different carriers, it’s still possible you could be leaving airline points…
Business travel, such as sending employees to conferences, meeting with key clients, and attending training events is a necessary expense that ultimately supports company goals. However, for many companies, processing travel expenses make up a significant portion of total operating costs. Fortunately, with the proper tools in place, travel and expense management is an easily…
Note: The study detailed in this article is for Vacation & Leisure Travel, NOT Corporate Travel. The statistics from that sector are different than those presented below… Consumers report that travel agents save them an average $452 per trip plus four hours in travel planning, and help them avoid costly mistakes, according to new research about…
Traveling for work is a necessity for many corporate jobs. According to one survey, 60% of business travelers are away from home 10 or more days per year. As many as 20% are away for 60 or more days per year. This has a significant impact on the morale and well-being of valuable team players.…