What Travel Agents Need to Know About Corporate Travel Today

That is rightly named as the age of traveler-centricity and with the evolution of your new era of personalized travel; it is leading to homework and development of a host of new so-called intelligent services. The exact command-and-control perspectives of traveling have changed a lot from your past and the focus has shifted more on the visitor and the productivity of each trip. It has become essential to maintain which the travelers have the greatest return on investment on each trip. New a long time of young employees and managers, who have been growing up plus dwelling in a digital age, are moving up the rankings as travelers. It has become essential to recognize the need for greater freedom acknowledging that the employees who travel on corporate outings also consider a percentage of their trip to be a leisure outlet. By using increasing globalization and rise in companies sending their workers overseas to network and connect with their offshore prospects/customers/suppliers, corporate travel is a highly profitable tourism segment. In advance of we talk about how tourism companies can better provide for business travelers, let us first look at why they prefer to apply specialized corporate agencies over traditional agents

Why undertake businesses use Corporate Travel Agencies?

This might be the most rudimentary question for a travel agency as to why they need to use agencies focusing on corporate travel when there are plenty of regular travel agents in the market. Here’s the importance of corporate travel agencies who have online systems which usually allow business travelers access to their complete itinerary.

The information is at the fingertips of the CTAs: –

  • 100 % business itinerary details
  • up-to-date tracking details of flights (including delays or rescheduling)
  • transparent details about additional costs just like baggage fees or in-flight fees
  • travel alerts, if perhaps any, in the destined area
  • complete and up-to-date info on the visa procurement policies and identification required
  • forex requirement and conversion rates
  • What do corporate clients expect out of Corporate Travel Agencies?

Negotiated Fares

The Corporate Agencies generally have tie-ups with hotels, car rentals, flights etc . giving them having access to lower fares which can be used only by the frequent internet business travelers. Discounted prices are not the only advantage though as they have flight upgrades, room upgrades, and VIP check-in ranges as required.

In-depth information about the travel industry

Corporate travel agents have access to many travel resources and most importantly, quickly, as compared with any other leisure travel agent. Additional information helps to make the business travels convenient and comfortable.

Changes in Itinerary

When an airline ticket would need to get rescheduled or cancelled, chances are the airline and also the online service provider will charge lofty fees. When booking by using a corporate travel agent, most of the times schedule changes can be done at 0 % or minimal extra charges.

Viable emergency contacts

It is essential for the business travelers to reach the correct person at the need to have of trouble. Corporate travel agents have the experience and professionalism to relieve stress for both the traveler and the company.

What you need to contemplate as corporate travel increases?

Business Travel Barometer revealed that corporate travel is witnessing an accelerated advancement. However , when poorly managed, it may be no longer an advantage to be able to companies and may, in fact become a burden. There are some factors how the corporations and CTAs must consider to get the best out of the occasion spent traveling.

Adopting a travel policy

The corporate will have to define a travel policy which is applicable to and revered by travelers at all levels. This policy should be useful to establish the standards which will help to track the improvement of business holiday. It will eventually help to reduce the costs of the entire package.

You should never limit the traveler’s autonomy

The management is responsible for cash strategy the travel policy which helps to improve cost supervision however , it is also essential to give a degree of autonomy to the vacationer. The policy should be flexible enough to allow the employee for you to adapt the trip as per the situation.

Traveler’s security can be a major concern

Business travelers need to have security in place. The manufacturer needs to stick to its definition of standards to ensure the employee’s sincerity. The CTAs should have reliable partners (travel insurance, airways, hotel chains etc . ). Know more visit on https://www.marketingxtreme.net/ibuumerang-review/

Mobility and automation

That will optimize time and ease the processes, the administration of operations platforms should have automated processes. This means they should adopt cell solutions where search options, travel alerts, ticket some worries etc . can be accessed quickly, easily and on the choose.

Corporate Travel Trends in 2016

Corporate travel movements tend to change regularly. 2016 has also not been any sort of different and the travel management companies (TMCs) and corporate travel agencies (CTAs) are quite focused to provide steady if not sturdy axis all over. A growing MICE sector, investments in mobile and large data and enhanced focus on duty of care are a handful of their areas of focus.

Rising prices

The consolidated parole among global suppliers, airfares, hotel rates etc . is definitely the rising fares. It is sometimes the move of the distributors to generate discounts which encourage travel if there is a strong downfall in demand. A positive 2016 world economy has been bringing a rise in air fares of a few percentage points, hotels are expected to see 4%-6% rise in average global rates and the rivalry will remain moderate in the car rental services.

Duty of care and attention

Risk management is one of the major points of emphasis for enterprises. Corporate customers are allowing new policies and better technologies to monitor employees’ location in case of an emergency, especially when they are simply travelling to foreign destinations. For instance, Concur Risk Messaging aids you to identify the travelers moving around in the world and alerts regarding alternate travel arrangement as and when needed.

Focusing on THESE ANIMALS

Meetings industry is a major growing sector and the corporation travel trend is developing on it. The corporate travel institutions should better start aligning the various meeting procurement methodologies with its transient travel sourcing. One of the ways could be to broaden the plethora of meeting services by incorporating incentive trips within it.

Getting technology

A sharper focus on increasing value and becoming even more traveler-centric can be done by bringing in mobile friendly technologies. Cell and big data are definitely the two most significant technological investments which often any corporate travel agency must focus to make their base more appealing.

Business travel analysis after Brexit

Following Brexit, ACTE and CAPA shared their speculations. According to these folks, the greatest short-term effects on the travel industry will come in the weakening of the pound against other world currencies. Greeley Koch, executive director for the Association of Corporate Travelling Executives said that the business travel industry will trend for currency fluctuations; with some companies taking advantage of the weaker single lb . and traveling more, while others may withhold business journey until world markets find their own level.