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…
Managing travel programs is a complex, time consuming process that involves ensuring travelers have a safe, pleasant travel experience while managing the variable finances associated with business travel. Today, with more and more travelers self-booking or going outside of pre-set policies, measuring travel spend becomes increasingly difficult. Expense reporting systems are giving travel managers vital…
The landscape of today’s competitive marketplace depends on executives, assistants, and travelers being able to conduct business throughout the United States and the world alike. As political climates shift within the U.S. and abroad, corporate travelers are subjected to emerging policies that affect the ability to increase their presence across geographical and economic borders. Working…
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…
A comprehensive travel and expense management program is critical to containing indirect business expenses. Creating a company-wide travel policy can be challenging in and of itself, but enacting the plan and ensuring compliance across the board can be seemingly impossible. Fortunately, with the proper preparation and execution, businesses can successfully implement travel and expense management…
Today’s corporate traveler is far different than he or she was even ten years ago. With the rise of a consumer-driven market, corporate travel services and hotels must keep up with what their customers want when they’re away from home. Hotels are shifting their focus to streaming video on demand (SVOD) solutions for their guests…