A corporate travel agency
can be your go-to resource for intelligence-driven, up-to-the-minute travel information so you can confidently and expeditiously take action
. Your TMC should closely monitor travel advisories – year-round – and provide servicing and risk management alerts from the most credible sources.
What do corporate travel agents do?
The job of a corporate travel agent is to
help companies organise travel arrangements for their employees
. This can include transport, accommodation, local services and helpline support. Corporate travel agents work to make sure business travel is safe, efficient and cost-effective for the organisation.
What are the advantages of travel agency?
- You’re protected! …
- You can pay in instalments. …
- You can speak to someone face to face. …
- They do all the work so you save on time and money! …
- You get expert advice. …
- Flexibility. …
- Changes and cancellations.
What are the goals of corporate travel management?
What is corporate travel management? Put simply, travel management is the structure that a company has in place to
oversee and facilitate business travel
. This includes the processes of planning a trip for booking and paying for everything necessary, and the approvals and documents needed to ensure compliance.
What is the biggest impact of corporate travel management from COVID-19?
In 2020, total global business travel expenses contracted by 52 percent, while
managed corporate-travel spending in the United States plummeted 71 percent, or $94 billion
. Last year, when we reported on the impact of COVID-19 on corporate travel, we projected that the road to recovery would be a long and uneven one.
How do I get corporate travel clients?
- Capitalize on the power of referrals. …
- Join groups for new business leads. …
- Take advantage of consortia tools. …
- Place inexpensive online and print ads. …
- Distribute regular press releases. …
- Write your own travel column.
Who are these corporate travel agents?
Corporate travel agents
specialise in arranging business trips and planning events for the employees of companies
. They do this while complying with the company policies of businesses and take care of the entire travel planning and booking from accommodation and flights to airport transfers and car rentals.
What is corporate travel account?
The American Express Business Travel Account(BTA)
combines all of your Company’s Corporate travel expense in one centrally billed account lodged with your Travel Management Company
. It gives you: Maximised control: With one centralised account, you can effortlessly approve spend and monitor compliance.
What are the advantages and disadvantages of travel agency?
Price: The Travel Agent’s Cost
Pro:
You often don’t pay any more for using an agent because most travel agents get referral fees or commissions for booking your trip
. Con: But sometimes you do pay more! Airlines, for example, don’t pay commissions so you might get charged a fee by a travel agent who books your flight.
What are the advantages and disadvantages of travel agents?
| Being a Travel Agent Pros Being a Travel Agent Cons | You can work indoors Salary will depend on your performance | Travel agents can make decent money Clients can be difficult | You may get discounts on trips You will not be able to afford fancy travels |
|---|
What are the 6 phases of corporate travel management?
- 1) Travel Management. …
- 2) Passenger assistance. …
- 3) Consulting. …
- 4) Marketing and internal communication. …
- 5) Technology. …
- 6) Leisure Services.
Is corporate travel the same as business travel?
Business travel encompasses transient travel and travel for meetings, incentives, conferences, and events (MICE), from large-group offsite gatherings to industry-wide exhibitions.
Corporate travel is significant for airlines and hotels not only in traffic but in profitability.
What are the different types of corporate travelers?
- Business trips currently are totally in vogue and for many employees they belong to their working routine by now. …
- The luxurious travellers. …
- The busy travellers. …
- The relaxed travellers. …
- The digital travellers.
Will corporate travel come back?
A 2022 travel outlook report by Deloitte concluded that corporate travel this year is
unlikely to reach or be near 2019 levels
even assuming the best possible COVID-19 outcomes.
What is the future of business travel?
The new world of business travel will see
increased demands for a broader range of content, greater personalisation and end- to-end trip servicing
. More than ever, duty of care and risk management will take centre stage in every corporate travel program so that travellers can make informed decisions.
What will business travel look like after Covid?
Corporate travel is expected to pick up significantly in the second half of 2021, but will still sit well below prepandemic levels
. Total spend in Q4 2021 is projected to reach somewhere between 25%–35% of 2019 levels, although a third of companies say they will likely remain below 25% of 2019 spend at the end of 2021.
How do travel agencies increase sales?
- Offer More than Your Competitors. People are tired of visiting the same places again and again. …
- Create a Website. …
- Sell Ancillary Services. …
- Ask Customers for Reviews. …
- Start a Blog. …
- Get Active on Social Media. …
- Ask for Referrals. …
- Final Thoughts.
Is owning a travel agency profitable?
Full time independent agents and independent contractors sold less than half as much travel, an average $388,684, yielding revenues of $47,502, or 12.2%
. Corporate agents booked much higher volume, an average $1.11 million per agent, but the percent yield on those sales was much lower, an average $90,713, or 8.1%.
How do travel agencies deal with clients?
- Create packages of travel products. …
- Find your niche in the market. …
- Offer added value. …
- Provide efficient customer support. …
- Upsell. …
- Give your Midas touch. …
- Develop trust among clients. …
- Make your clients your brand’s ambassadors.
What should I look for in a corporate travel agency?
- Easy booking experience. …
- Consumer-grade travel inventory. …
- No hidden costs. …
- Excellent trip support. …
- Built in travel policies and approvals. …
- Travel spend reporting. …
- Innovative and easily scalable.
What are corporate bookings?
A corporate booking tool, or CBT, is
online booking software that business travelers can use to book their trips
. CBTs simplify the entire corporate travel and accommodation booking process, and they are used by firms to manage their employees’ bookings, ensure policy compliance, and help with duty of care.
