Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Business

EGENCIA AND SABRE MAKE 2017 ‘THE YEAR OF THE BUSINESS TRAVELLER’

EGENCIA AND SABRE MAKE 2017 ‘THE YEAR OF THE BUSINESS TRAVELLER’

Four data-driven tips to increase business traveller satisfaction without breaking the budget

Egencia, the business travel company of Expedia, Inc. and Sabre Corporation (NASDAQ: SABR), the leading technology provider to the global travel industry, today released analysis and recommendations on ways companies can support their road warrior employees with a focus on the most valued perks and travel policies, captured in a joint whitepaper titled, “The Year of the Business Traveller: Four keys to utilising data to support road warriors in 2017”.

Based on analysis of Sabre’s global air, hotel and ancillary booking data, companies have the opportunity to increase traveller satisfaction in several areas, especially for road warriors. Life as a business traveller isn’t always easy. By heeding some of the tips from Egencia and Sabre, collected from data insights in traveller booking behaviour and suppliers’ service, businesses can simplify the experience for all frequent travellers with fairly minor updates to their programme.

“Business travel is projected to reach $1.6 trillion by 20201. Historically, as spend increases, companies increase their travel policy constraints. Egencia helps clients drive compliance without mandates, without constraints.  We do this by focusing on the business traveller, by offering solutions that guide efficient decisions without sacrificing choice,” said Rob Greyber, president of Egencia.

“Data is defining a new era of travel management today. Smart businesses can leverage travel insights in more creative ways to strengthen corporate programmes, while making trips more productive and travellers more satisfied. Companies used to focus on compliance. With the data we have today, the strategic approach is simplifying the travel experience by putting the business traveller first,” said Wade Jones, interim president of Sabre Travel Network.

With an increased emphasis on ensuring business traveller satisfaction, the whitepaper outlines advice for corporate travel managers on balancing this need with an eye on driving costs down and compliance up.

Tips to Keep Business Travellers Satisfied

  • Lay the groundwork – Small changes in travel habits can mean big savings throughout the year—especially when it comes to how far in advance business travellers book. In their recent annual report about the state of the air travel industry, Expedia and Airlines Reporting Corp., found the biggest deals on average air ticket prices can be found 21 days or more in advance.
  • Prioritise perks – According to Sabre’s air shopping and merchandising data, the most commonly purchased ancillaries across North America, Latin America, Europe, and Asia Pacific are fast-track passes and pre-reserved seat fees.  When negotiating with suppliers, companies should include fast-track and seat upgrade fees in their contracts. High-performing road warriors will appreciate the flexibility and convenience these incentives provide.
  • Minimise disruptions – According to Sabre’s flight and airport data, Chicago O’Hare International Airport (ORD), LaGuardia Airport (LGA), John F. Kennedy International Airport (JFK), Sao Paulo Congon has International Airport (CGH), and London Heathrow International Airport (LHR) are some of the most heavily travelled airports by business travellers. They also tend to have more delays. Companies can help business travellers minimise the downside of delays by underwriting a global lounge programme membership.
  • Simplify the booking and travel management process – About 80 percent of global business travellers prefer to self-book travel, including road warriors who want to use self-service technology to manage their trips. There is an opportunity for travel managers to incorporate travel apps into their policies and encourage travellers to download apps from their travel management company and preferred providers.

Today’s high-performing employees are not only looking for better compensation or an opportunity to advance in their careers; they are also looking for a successful company that wants to help them be more productive and offers a level of flexibility that brings satisfaction and balance.

Data from Sabre shows that a few simple steps can help employees find the right mix of productivity and happiness. These are incremental, cost-conscious changes businesses can implement without blowing budgets. By incorporating travel perks and ancillaries within their travel programme, companies can introduce additional cost-saving measures to offset the investment.  Businesses can also realise additional cost savings through increased visibility and control of business travel within the organisation.

To download the whitepaper titled, “The Year of the Business Traveller: Four keys to utilising data to support road warriors in 2017,” please visit: http://bit.ly/2kF67rI and view the infographic here.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: Global Banking & Finance Review │ Banking │ Finance │ Technology. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post