It is aptly described by the term “the age of travelers”, and as we enter the new age of personalized travel, it’s creating research and development of a myriad of”intelligent services.
The perspective of command and control when traveling have changed considerably from the past . The emphasis has been shifted to the person who travels and the effectiveness of every journey. It is now crucial to ensure that travelers get the highest return on investment from each journey.
The new generation of young employees and managers who are growing older and living in a technological age, are rising up the ranks of travel and the best destination is Travel jakarta jogja. It is now essential to acknowledge the need to be more flexible and recognize that employees who are on business travel also consider a certain percentage of their travel to be a leisure activity.
With increasing globalization and rise in companies sending their staff overseas to network and connect with their offshore prospects/customers/suppliers, corporate travel is a highly profitable tourism segment. Before we discuss how companies in the tourism industry can better meet the needs of business travelers, let’s take a look at the reasons the reasons why they choose to work with specialist corporate agencies rather than traditional agencies.
This is probably the most fundamental question for the travel agent about why they ought to choose a specialist agency for corporate travel, when there are many regular travel agencies on the market. The reason is that corporate travel companies that use online systems that give business travelers to access their entire schedule.
The Corporate Agencies typically be associated with car rental companies, hotels and flights. providing them with lower rates that can be utilized only by frequent business traveler. Discounted prices aren’t the only benefit though since they also provide flight upgrades or room upgrades as well as VIP check-in lines when needed.
Corporate travel agents are able to access a wide range of travel information sources and most importantly faster than other leisure travel agency. Additional information makes the business travel experience more convenient and enjoyable.
If an airline ticket has to be cancelled or rescheduled most likely, the airline or web-based service will be charging high costs. When booking through an agent for corporate travel Most of the time, change of schedules can be accomplished with no or very little cost.
It is essential for business travelers to get in touch with the correct person in moment of need. Travel agents for corporate clients have knowledge and professionalism to alleviate anxiety for both the traveler as well as the business.
Business Travel Barometer reported that corporate travel is seeing rapid growth. But, if it’s not managed properly it could be no any longer a benefit to businesses and, as a result, be an expense. There are a few factors that corporations and CTAs must take into consideration in order to maximize the value of the time they spend traveling.
The company must establish an appropriate travel policy that is that is applicable to and respected by all travelers. The policy must be utilized to define the guidelines that can be used to monitor the advancement the quality of travel for business. This will ultimately help lower the cost of the whole package.
The company’s management is responsible for setting the budget for travel policies that assists in improving cost control however, it’s important to provide a certain amount of autonomy to the person who is traveling. The policy must allow for flexibility to permit employees to modify the travel plan according to circumstances.
Business travelers should be protected. The business must adhere to the standards it has set to ensure that the integrity of the employees. The CTAs must have trustworthy partners (travel insurance airlines, hotels chains, etc. ).
To reduce time and speed the management process to speed up the process, management platforms must be automated procedures. That means they should use mobile-based solutions that allow search options such as travel alerts, travel information and ticket reservations, etc. are available quickly, quickly and conveniently while on the move.
The trends in corporate travel tend to shift frequently. 2016 has been an exception and the travel management businesses (TMCs) along with corporate travel companies (CTAs) are focusing on providing a consistent, or even a strong axis that runs throughout. The growing MICE sector, investment in big data and mobile and a greater attention to duties of care, are just a few of the areas they are focusing on.
The most popular buzzword in international suppliers, airlines hotels, airfares and so on. is the increasing cost of travel. Sometimes, it is the intention of the providers to create discounts to encourage travelers when there is a significant decrease in demand.
The positive world economy of 2016 has seen an increase in airfare of just a few percentage points Hotels are expected to see an increase of 4% to 6% in the average rates across the globe and competition will remain relatively low in car rental industry.
Risk management is among the main areas of concern for businesses. Corporate customers are now allowing the use of new procedures and technologies to track employees’ locations in the event emergencies, particularly when they are traveling to other countries.
For example Concur Risk Messaging assists in identifying travellers traveling around the world and provides travelers to make alternate arrangements whenever needed.
The meeting industry is a huge industry that is growing and the trend of corporate travel is advancing on it. Corporate travel agencies need to be more proactive in aligning their ways of sourcing meetings with temporary travel source. One option could be to increase the number of meeting services by including incentive trips into it.
An increased focus on growing value and becoming more customer-centric is possible by introducing mobile-friendly technology. Big data and mobile are certainly the two most important technological investments that every travel company must make in order to make their service more attractive.
After Brexit, ACTE and CAPA have shared their predictions. Based on their research, they believe the biggest impact for the travel industry be a result of the weakening of the pound in comparison to other currencies of the world.
Greeley Koch Director of the executive committee of the Association of Corporate Travel Executives explained it is likely that businesses’ travel needs is expected to follow the trend of currency fluctuations, With some businesses taking advantage of the weaker pound by travelling more frequently than others, while some may delay business travel until the world markets reach their own equilibrium.
The travel policy makers and administrators should be guided by the growing terrorist threats. For employees and executives who trips on behalf of companies Travel agents as well as corporations’ travel agents (CTAs) must provide assurance of their security by implementing travel policies.
It is highly likely that the studies of corporate travelers are a reflection of the general concerns of business traveler in the world about the increasing threat of terrorist attacks. But, there’s no doubt that the terror threats are affecting the business travel patterns.
The main consequence of this is keeping in mind that businesses that provide travel services to business travelers must increase their attention to security and the risk associated with providing services to corporate customers. According to research findings the travel management team has a greater confidence in their policies’ effectiveness in dealing with risk when as compared to business travelers who are skeptical.
While the travel industry for corporate clients is continuing to grow however, there is a myriad of challenges facing the sector. A constantly changing marketplace for consumers, development in new models for business, the effects of technology, and man-made as well as natural disasters are just a few of the major fulcrums to consider when planning corporate travel.