Travel managers aim for global savings

Corporate clients are cutting their travel budgets by up to 45 per cent through the introduction of global travel management programmes according to research by Association of Corporate Travel Executives (ACTE). The research, commissioned with travel technology company Amadeus, found that four per cent of the 240 corporate travel managers questioned, were achieving savings of more than 45 per cent through implementing programmes. A further 41 per cent were making savings of 16-30 per cent and 11 per cent were saving between 31-45 per cent. A third of companies questioned already had a global travel management policy in place, while 39 per cent had a policy with regional variations. The ability to cut costs was cited by 84 per cent of managers as a key benefit of a global policy. According to the report companies are focusing on automating processes and leveraging their negotiating power to develop their policies further. However the integration of technology was cited by 85 per cent of respondents as the key challenge when implementing a programme. Amadeus director of corporate and distribution channels Marcos Isaac said programmes helped create consistency, reduced transaction costs, cut down on errors and helped compliance. “As the business travel market continues to grow, the pressure on businesses to reduce their operating costs across all areas will continue to be strong.”

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