Why do you need a Corporate Travel Management Company?
A Corporate Travel Management Company is an expert of designing business travel programs in crisis situations and beyond because it collects the updated information and changing guidelines for travel. It is always wise to consult such a travel specialist who understands the industry well and finds you better travel solutions at the hour of need. There are manifold reasons of hiring an expert travel agency and one of the significant one is that, as a business traveler you will get a single window travel-solution provider. Read more.
Your 24 X 7 Travel Assistance for seamless Business Travel
In each of your business travel, it is extremely essential that you augment value by making the travel more secured and risk free under the able guidance of a top corporate travel management company. And that’s the reason you need a round-the-clock service from an experienced travel expert who keeps you safe and updated with all the information you need. Lufthansa City Center Travels & Rentals with its diligent 24X7 travel service and global travel network keeps you stress free for all your domestic and international trips. Know more.
Frequently Asked Questions
What is corporate travel management, and what are the benefits of corporate travel management?
Corporate Travel Management is an integrated process of managing business travel through planning travel resources and providing end-to-end solutions before, during and after travel.
It is extremely important as it offers the following solutions to an enterprise.
- Account planning and management
- Booking of air tickets, hotel reservations, car rentals and other transport support as required.
- Latest information on destinations and geographic regions.
- 24 X 7 emergency travel services
- Duty Of care – reducing travel risks
- Easy documentation process for passport, visa, insurance and other requisites
- Reporting and data analysis
- Scope for cost savings
What are the key elements of a successful corporate travel management program?
A corporate travel management program stands on the pillars of travel policy, travel planning and better execution. It will require an adaptability of the travelers and the policy makers for making an effective travel management program. The key elements for a successful corporate travel management program are -
- Travel policy compliance with company guidelines
- Seamless booking options
- Scope of self-booking capability
- Ensuring travel safety
- Tracking expenses and saving costs
- 24 hours dedicated assistance
How can a company effectively manage travel expenses and stay within budget?
A strong travel policy makes a travel management program easy and accessible. And managing travel expenses depends a lot on reporting and analysis of travel data. A detailed report will reveal the frequencies of travel, expenses incurred on tickets, hotels, food, local transport, documentations and others and guide for avenues to control future travel. In that way a company can make efforts to stay within the budget.
How can a company ensure the safety and well-being of its employees while traveling for business?
A company alone cannot ensure a complete safety of the travelers alone. It requires a dedicated support of business travel experts who are experienced to plan and control the entire travel from commencing to completion. They will provide latest information on destinations, booking process, application of documents and other requisites on travel. It also requires the insights of past travel report in order to build a better travel program.
How can technology be leveraged to improve corporate travel management?
Technology plays a big role in corporate travel management. Most of the bookings are executed in GDS systems which show complete inventory data for seamless booking. It offers capability for easy cancellation and refunding process. Experienced and professional travel organizations like Lufthansa City Center Travels & Rentals offers a Corporate Booking Tool (CBT) which offers self-booking capability and independent booking system.
How can a company evaluate the effectiveness of its corporate travel management program?
A company needs to frame a system that will evaluate the success rate of its corporate travel management program. Major focus must be on the following key performance indicators (KPIs) that will define the effectiveness.
- Monthly / Quarterly / Annual Expenses
- Savings derived based on the above
- Booking time for air tickets, hotels and road transport
- Safety ensured during the travel
- Accuracy of reporting system