What are the 16 Goals of Corporate Travel Management?

(Last Updated On: June 20, 2022)

What are the goals of corporate travel management? With the expansion of the new era of customized travel, this is appropriately dubbed the age of traveler-centricity, and it is leading to the study and development of a slew of new so-called intelligent services. The command-and-control view on travel has moved significantly in recent years, with a greater emphasis on the passenger and the productivity of each journey. It has become critical to ensure that tourists get the best possible return on their money on each trip.

New generations of young employees and managers are rising through the ranks as travelers, having grown up in a digital world. It’s become critical to understand the need for more flexibility, realizing that employees who travel on business perceive a portion of their vacation to be a leisure activity.

Corporate travel is a very successful tourism market, thanks to increased globalization and growth in corporations sending their employees overseas to network and engage with their offshore prospects/customers/suppliers. Before we discuss how tourism organizations may better serve business visitors, let’s take a look at why they choose to work with specialist corporate agencies rather than typical travel brokers.

[read more]

What are the goals of corporate travel management?

Corporate Travel Agencies are used by organizations for a variety of reasons. What are the goals of corporate travel management?

This may be the most fundamental issue for a travel agency: why should they choose corporate travel companies when there are lots of normal travel agents available? This is why corporate travel providers with online systems that give business travelers access to their whole schedule are so important.

The following information is readily available to CTAs:-

  • complete business itinerary with up-to-date flight tracking information (including delays or rescheduling)
  • travel warnings in the destination location, if applicable, clear facts regarding additional expenses such as luggage fees or in-flight fees
  • thorough and up-to-date information on visa procurement procedures, as well as the needed identifying currencies and conversion rates

What are the expectations of corporate clients of corporate travel agencies?

1. Fares that have been negotiated

Corporate agencies frequently have agreements with hotels, car rentals, and airlines, allowing them access to discounted pricing that are exclusively available to frequent business visitors. They not only provide discounted pricing, but they also provide aircraft upgrades, accommodation upgrades, and VIP check-in lines as needed.

2. In-depth knowledge of the travel business

Corporate travel agents have more travel resources and, more critically, access to them more swiftly than leisure travel agencies. Additional information aids in the convenience and comfort of work trips.

3. Itinerary Modifications

When an airline ticket is postponed or cancelled, the airline or the online service provider is likely to levy a hefty price. When booking through a business travel agent, most schedule modifications may be made for free or at a nominal cost.

4. Contact information in case of an emergency

It is critical for business travelers to contact the appropriate person in the event of a problem. Corporate travel agents have the knowledge and skill to make both the traveler and the organization feel at ease.

corporate travel management travel management company business travel corporate travel services business travel management corporate travel agency corporate travel travel management travel policy corporate travel management companies corporate travel agent jobs travel costs business travel agency top corporate travel management companies corporate travel booking business travel management companies corporate travel jobs corporate travel companies best corporate travel agencies business travel tips business travel companies corporate travel policy travel agency management company travel travel agent business corporate travel management software business travel policy corporate travel software corporate travel management jobs corporate business travel business travel management services corporate travel planning corporate travel management solutions corporate travel industry company travel agency corporate travel management services business travel management software largest travel management companies top travel management companies best corporate travel management companies corporate travel booking companies business travel hotel corporate travel booking software booking business travel top corporate travel agencies best corporate travel management software business travel market best travel management companies corporate business travel management corporate trip company travel management business travel industry travel corporate corporate travel platforms corporate travel companies list business travel management system business travelers needs corporate travel agent companies best business travel list of travel management companies travel management agency corporate business travel agency corporate travel management system corporate travel experts on business travel corporate travel firms company travel booking best business travel management companies booking corporate business travel agent companies list of corporate travel management companies corporate travel management platform travel agency and travel management company corporate travel management agency corporate travel market travel management for business business travel plan travel agency for corporate travel company travel management software corporate travel providers business trip management corporate travel management company solutions best corporate travel platforms business travel management solutions platforms for company travel management travel management company jobs corporate travel management address business trip booking online corporate travel management business travel benefits top corporate travel companies travel management corporation travel management companies and travel agencies corporate travel systems jobs that need you to travel travel manager company corporate travel booking system business travel is company travel companies corporate business travel management services management travel business corporate travel employee travel management corporate travel tips corporate travel managers and agencies best corporate travel travel management business travel largest corporate travel agencies jobs that need to travel largest corporate travel management companies top business travel management companies corporate travel events trips corporate travel corporate travel agency fees business travel manager jobs corporate hotel booking agents online corporate travel agency corporate business travel companies travel business management software business travel and events management company travel manager business travel cost corporate travel agency services best corporate travel companies about business travel travel agencies and travel management business travel management agency corporate travel guidelines travel and management the business travel organise business travel corporate travel management trips corporate travel booking management corporate travel booking management software business travel article planning corporate travel travel management industry corporate travel service providers travel agent corporate jobs company business travel policy corporate travel agent online travel corporate companies job search corporate travel agent corporate travel planning software corporate travel management business travel business travel management corporate travel travel management travel policy travel management company corporate travel management companies corporate travel services travel costs corporate travel agency business travel agency top corporate travel management companies corporate travel booking business travel management companies corporate travel companies business travel companies corporate travel policy corporate travel management solutions company travel corporate travel management software business travel policy corporate travel software corporate business travel business travel management services corporate travel management services business travel management software top travel management companies best corporate travel management companies corporate travel booking software best corporate travel management software largest travel management companies corporate travel platforms best travel management companies corporate business travel management corporate trip company travel management corporate travel booking companies corporate travel planning travel corporate company travel booking corporate travel industry business travel management system best business travel travel management agency corporate travel management system on business travel best business travel management companies corporate travel management platform best corporate travel platforms business travel management solutions corporate travel management agency company travel management software corporate travel providers business trip management corporate travel management company solutions platforms for company travel management corporate travel management address business trip booking travel management corporation corporate travel systems travel manager company corporate business travel agency travel management for business corporate travel booking system corporate business travel management services management travel business corporate travel online corporate travel management employee travel management corporate travel managers and agencies best corporate travel travel agency and travel management company largest corporate travel agencies largest corporate travel management companies travel agency for corporate travel top business travel management companies travel management companies and travel agencies trips corporate travel company travel manager about business travel business travel management agency corporate travel guidelines the business travel corporate travel management trips corporate travel booking management corporate travel booking management software travel and management online corporate travel agency company business travel policy travel corporate companies corporate travel planning software corporate travel management limited business trips travel software business travel expenses travel management software corporate booking travel platform company travel policy travel executive corporate travel program business travel booking travel risk management companies travel software companies travel management services business travel management limited corporate booking tool corporate travel and expense management travel management tools corporate travel booking tools business travel software business travel booking sites travel managers group corporate travel management group business travel program travel booking platforms corporate travel tools travel management app corporate travel management online booking tool best travel management software business travel report company travel expenses corporate travel online booking tools business travel budget business travel management tools corporate travel sites business travel platform business travel booking tool business travel articles corporate travel risk management corporate travel group business travel costs travel management platform online travel management trip management software travel manager software corporate travel expenses business travel tools corporate travel reporting business travel support travel booking tool travel management solution business travel experience company travel booking system corporate online booking tools best corporate travel programs business travel spend global business travel management business travel expense management travel management process corporate travel expense management online travel booking tool corporate travel booking sites travel and expense management companies corporate travel management tools online booking tool for business travel the travel managers corporate business travel policy business travel needs business travel risk management business travel booking software corporate travel limited corporate travel requirements business travel 2022 corporate travel budget business travel rates book company travel best online travel booking tools group business travel corporate travel risk management policy corporate travel expense management software business travel resources business travel online booking company travel guidelines business travel booking management business travel booking system online corporate travel booking managed travel services online business travel booking travel booking management software company travel booking software corporate travel expense software online company travel booking top 10 corporate travel management companies business travel agency small business travel agency best corporate travel agency business travel agents near me corporate travel agent jobs business travel agent examples how to become a corporate travel agent

5. What should you think about when corporate travel grows?

Corporate travel is growing at a faster rate, according to the Business Travel Barometer. However, if badly handled, it may cease to be a benefit to businesses and instead become a liability. To make the most out of the time spent traveling, businesses and CTAs must consider a number of aspects.

6. Putting in place a travel policy

The company must establish a travel policy that is applicable to and respected by all levels of passengers. This policy should be used to develop guidelines that will aid in the tracking of business travel improvements. It will ultimately assist in lowering the whole package expenses.

7. Do not restrict the freedom of the traveler

The management is responsible for budgeting the travel policy, which aids in cost control, but it is also necessary to offer the traveler some liberty. The policy should be sufficiently flexible to allow the employee to tailor the trip to the circumstances.

8. The safety of travelers should be a top priority

Security is required for business travelers. To maintain the employee’s integrity, the organization must adhere to its defined standards. The CTAs should work with trustworthy partners (travel insurance, airlines, hotel chains, etc.).

9. Mobility and automation are both important factors

The administration of management platforms should feature automated procedures to save time and simplify operations. This means customers should use mobile solutions that allow them to access search choices, trip notifications, and ticket reservations quickly, simply, and on the go.

10. Corporate Travel Trends 2022

Tonya Hempstead, vice president of diversity and inclusion, said that “supplier diversity would be a fundamental focus for corporate travel in 2022.” “The hotel, meetings and events, and ground [transportation] sectors will see the most action on supplier diversification.”

A diverse supplier, according to GBT, is “a business that is certified to be owned, operated, and controlled by at least 51 percent of people of diverse backgrounds, including racial and ethnic minorities, women, veterans, LGBTQ+, people with disabilities, and other underrepresented minority populations.”

“A supplier diversity strategy, often known as inclusive procurement,” Hempstead added, “is a practical method to assist firms that share your beliefs.” “Every dollar spent with a minority-owned caterer, lodging provider, meeting venue, or chauffeur service helps that company expand.”

11. Prices are increasing

The growing costs are the unifying keyword across worldwide suppliers, airlines, and lodging rates, among other things. If there is a significant drop in demand, it is occasionally the suppliers’ action to provide discounts to promote travel.

A strong worldwide economy in 2016 has resulted in a few percentage point increase in flight tickets, a 4% – 6% increase in average global hotel rates, and moderate competition in car rental services.

12. Obligation of care

One of the key areas of focus for businesses is risk management. New regulations and enhanced technology are allowing corporate clients to track employees’ whereabouts in the event of an emergency, especially when they are traveling to international areas.

Concur Risk Messaging, for example, assists in identifying passengers as they move around the world and notifies them of alternate travel arrangements if needed.

corporate travel management travel management company business travel corporate travel services business travel management corporate travel agency corporate travel travel management travel policy corporate travel management companies corporate travel agent jobs travel costs business travel agency top corporate travel management companies corporate travel booking business travel management companies corporate travel jobs corporate travel companies best corporate travel agencies business travel tips business travel companies corporate travel policy travel agency management company travel travel agent business corporate travel management software business travel policy corporate travel software corporate travel management jobs corporate business travel business travel management services corporate travel planning corporate travel management solutions corporate travel industry company travel agency corporate travel management services business travel management software largest travel management companies top travel management companies best corporate travel management companies corporate travel booking companies business travel hotel corporate travel booking software booking business travel top corporate travel agencies best corporate travel management software business travel market best travel management companies corporate business travel management corporate trip company travel management business travel industry travel corporate corporate travel platforms corporate travel companies list business travel management system business travelers needs corporate travel agent companies best business travel list of travel management companies travel management agency corporate business travel agency corporate travel management system corporate travel experts on business travel corporate travel firms company travel booking best business travel management companies booking corporate business travel agent companies list of corporate travel management companies corporate travel management platform travel agency and travel management company corporate travel management agency corporate travel market travel management for business business travel plan travel agency for corporate travel company travel management software corporate travel providers business trip management corporate travel management company solutions best corporate travel platforms business travel management solutions platforms for company travel management travel management company jobs corporate travel management address business trip booking online corporate travel management business travel benefits top corporate travel companies travel management corporation travel management companies and travel agencies corporate travel systems jobs that need you to travel travel manager company corporate travel booking system business travel is company travel companies corporate business travel management services management travel business corporate travel employee travel management corporate travel tips corporate travel managers and agencies best corporate travel travel management business travel largest corporate travel agencies jobs that need to travel largest corporate travel management companies top business travel management companies corporate travel events trips corporate travel corporate travel agency fees business travel manager jobs corporate hotel booking agents online corporate travel agency corporate business travel companies travel business management software business travel and events management company travel manager business travel cost corporate travel agency services best corporate travel companies about business travel travel agencies and travel management business travel management agency corporate travel guidelines travel and management the business travel organise business travel corporate travel management trips corporate travel booking management corporate travel booking management software business travel article planning corporate travel travel management industry corporate travel service providers travel agent corporate jobs company business travel policy corporate travel agent online travel corporate companies job search corporate travel agent corporate travel planning software corporate travel management business travel business travel management corporate travel travel management travel policy travel management company corporate travel management companies corporate travel services travel costs corporate travel agency business travel agency top corporate travel management companies corporate travel booking business travel management companies corporate travel companies business travel companies corporate travel policy corporate travel management solutions company travel corporate travel management software business travel policy corporate travel software corporate business travel business travel management services corporate travel management services business travel management software top travel management companies best corporate travel management companies corporate travel booking software best corporate travel management software largest travel management companies corporate travel platforms best travel management companies corporate business travel management corporate trip company travel management corporate travel booking companies corporate travel planning travel corporate company travel booking corporate travel industry business travel management system best business travel travel management agency corporate travel management system on business travel best business travel management companies corporate travel management platform best corporate travel platforms business travel management solutions corporate travel management agency company travel management software corporate travel providers business trip management corporate travel management company solutions platforms for company travel management corporate travel management address business trip booking travel management corporation corporate travel systems travel manager company corporate business travel agency travel management for business corporate travel booking system corporate business travel management services management travel business corporate travel online corporate travel management employee travel management corporate travel managers and agencies best corporate travel travel agency and travel management company largest corporate travel agencies largest corporate travel management companies travel agency for corporate travel top business travel management companies travel management companies and travel agencies trips corporate travel company travel manager about business travel business travel management agency corporate travel guidelines the business travel corporate travel management trips corporate travel booking management corporate travel booking management software travel and management online corporate travel agency company business travel policy travel corporate companies corporate travel planning software corporate travel management limited business trips travel software business travel expenses travel management software corporate booking travel platform company travel policy travel executive corporate travel program business travel booking travel risk management companies travel software companies travel management services business travel management limited corporate booking tool corporate travel and expense management travel management tools corporate travel booking tools business travel software business travel booking sites travel managers group corporate travel management group business travel program travel booking platforms corporate travel tools travel management app corporate travel management online booking tool best travel management software business travel report company travel expenses corporate travel online booking tools business travel budget business travel management tools corporate travel sites business travel platform business travel booking tool business travel articles corporate travel risk management corporate travel group business travel costs travel management platform online travel management trip management software travel manager software corporate travel expenses business travel tools corporate travel reporting business travel support travel booking tool travel management solution business travel experience company travel booking system corporate online booking tools best corporate travel programs business travel spend global business travel management business travel expense management travel management process corporate travel expense management online travel booking tool corporate travel booking sites travel and expense management companies corporate travel management tools online booking tool for business travel the travel managers corporate business travel policy business travel needs business travel risk management business travel booking software corporate travel limited corporate travel requirements business travel 2022 corporate travel budget business travel rates book company travel best online travel booking tools group business travel corporate travel risk management policy corporate travel expense management software business travel resources business travel online booking company travel guidelines business travel booking management business travel booking system online corporate travel booking managed travel services online business travel booking travel booking management software company travel booking software corporate travel expense software online company travel booking top 10 corporate travel management companies business travel agency small business travel agency best corporate travel agency business travel agents near me corporate travel agent jobs business travel agent examples how to become a corporate travel agent

13. Concentrating on MICE

The meetings business is a rapidly expanding industry, and the corporate travel trend is following suit. The different meeting procurement processes should be better aligned with transient travel sourcing by corporate travel providers. One approach to do this may be to include incentive trips in the mix of meeting services.

14. Putting money into technology

Bringing in mobile-friendly technology allows for a tighter emphasis on creating value and being more traveler-centric. Mobile and big data are without a doubt the two most important technology investments that any business travel firm should undertake in order to improve their platform’s attractiveness.

15. After Brexit, a look at business travel

Following the Brexit vote, ACTE and CAPA both expressed their opinions. According to them, the depreciation of the pound versus other international currencies would have the most immediate impact on the travel industry.

According to Greeley Koch, executive director of the Association of Corporate Travel Executives, the business travel industry will be influenced by currency fluctuations, with some companies taking advantage of the weaker pound by traveling more, and others deferring business travel until world markets stabilize.

16. COVID-19 and Terrorism’s impact on business travelers

The increased terrorist threat should serve as a guide for travel policymakers and administrators. Travel agents and corporate travel agencies (CTAs) should provide confidence for executives and personnel who are traveling on behalf of firms through travel rules. The polls of corporate travelers are more than likely to reflect the widespread anxiety of worldwide business travelers concerning the recent spate of terrorism. However, there is no doubting that the terrorist threat is altering corporate travel habits.

The main implication of this is that organizations that provide travel services to business travelers must increase their emphasis on security and the dangers involved with offering those services to corporate clients. In comparison to cautious business travelers, travel managers had a greater appraisal of their policy’s efficacy in mitigating risk, according to a recent study.

Final thought

Despite the fact that the business travel market has progressed, it still faces several problems. Some of the fulcrum points that must be addressed when organizing corporate travels are a quickly changing consumer market, the advent of new business models, the effect of technology, and man-made and natural calamities.

More interesting Articles

[/read]

Add a Comment

Your email address will not be published. Required fields are marked *