United Kingdom
United States
Asia Pacific
Travel managers using card data to save
Travel managers who use card data for negotiations yield an average reduction of nearly 9% in annual travel costs, says the 2004 Corporate Travel Card Benchmark Survey.
“The typical company with a travel budget of $50 million that used card data in vendor negotiations generated annual cost savings of $4.26 million through use of corporate travel card spending data,” said University professors Nahendra Gupta and Richard Palmer.
Eighty-four percent of respondents forecast a rise in spending on corporate cards. They said they expected average volume to grow by 19% in the next years, 35% over the next three years, and 56% over the next five years.
The study found that 28% of expected growth can be traced directly to increases in travel budgets. But other factors are also spurring companies to put more volume on their cards. Some companies are expanding their card spending to other areas, as well as mandating that type of spending.
Report by David Wilkening
David
Tony from Gatto’s Pizza on Columbus’s Unique Pizza Trail
Sophia Hyder Hock on Global Social Inclusion in Tourism
Sustainable Tourism: Don Welsh on Community Values and Global Collaboration
Jane Cunningham: Enhancing European Engagement in Tourism
Kristin Dunne: Navigating Destination Strategy
Revolutionizing Mobile Connectivity: Boris Bijlstra on HUBBY eSIM
Capturing Glasgow’s Vibrancy: An Interview with Susan Deighan, Chief Executive of Glasgow Life
Lebua Hotel & Resorts: Rajan Khurana on Hospitality and Bangkok’s Charms
Sustainable Tourism and Growth: Insights from Chiravadee Khunsub from Tourism Authority of Thailand
Revolutionizing Travel: SmartSIM USA’s Dale Takio Unveils the Power of E Sims
TravelMole Interview with Hishan Singhawansa, Deputy CEO of Cinnamon Hotels & Resorts, Sri Lanka
Unveiling the Essence of Magari Tours: A Dive into Authentic Italian Experiences
EU airports bring back 100ml liquid rule
CLIA: Anti-cruise demos could cause itinerary changes in Europe
Co-pilot faints, easyJet flight issues ‘red alert’
Dozens fall ill in P&O Cruises ship outbreak
Woman dies after getting ‘entangled’ in baggage carousel