In today's fast-paced business environment, corporate travel management teams face many challenges, such as ensuring the safety and comfort of their business travelers while keeping costs under control. One of the main challenges is to provide flexible booking options that meet the specific needs of their travelers while retaining full visibility. This is where Traxo's complete corporate travel booking data comes in, empowering travel management teams to offer more flexible booking options to their business travelers without compromising on safety or savings.
What Service Does Traxo Provide?
Traxo is a leading travel data aggregator that enables travel management teams to access and consolidate all their travel booking data in one place. With Traxo, travel managers can easily view, track, and analyze all their corporate travel bookings, regardless of where they were booked or how they were paid for. This enables them to gain a comprehensive view of their travel program and make informed decisions about how to optimize it.
Data Empowers Flexible Booking Options for Business Travelers
One of the key advantages of Traxo's complete corporate travel booking data is that it provides travel managers with the ability to offer more flexible booking options to their business travelers. Traditionally, corporate travel policies have been restrictive, limiting business travelers to specific airlines, hotels, and car rental companies. This approach was aimed at controlling costs and ensuring compliance with corporate travel policies. However, this one-size-fits-all approach often left business travelers feeling frustrated and dissatisfied with their travel experience, which in turn led to non-compliance.
With Traxo's complete corporate travel booking data, travel managers can now offer more flexible booking options that meet the specific needs of their business travelers. For example, they can use Traxo's data to identify the most frequently used airlines, hotels, and car rental companies by their business travelers. This information can then be used to negotiate better rates and discounts with these suppliers, making it more attractive for travelers to book with them.
Leverage Booking Data to Spot New Opportunities
In addition, travel managers can use Traxo's data to identify patterns in their business travelers' booking behavior. For example, they may find that some travelers prefer to book their own accommodations rather than staying in a hotel chosen by the company. Armed with this information, travel managers can offer more flexible booking options that allow business travelers to book their own accommodations while still remaining within the company's travel policy.
And, thanks to Traxo's ability to send captured data to dozens of travel management providers, flexible bookings can still be overseen by a preferred TMC or duty of care provider.
Use Travel Data for Greater Personalization
Another way that Traxo's complete corporate travel booking data empowers travel management teams to offer more flexible booking options is by enabling them to provide personalized travel experiences to their business travelers. By analyzing each traveler's booking history and preferences, travel managers can tailor their travel program to meet each traveler's unique needs. For example, they can recommend preferred airlines, hotels, and car rental companies based on each traveler's previous bookings, making it more likely that they will choose these suppliers in the future.
Furthermore, Traxo's data can be used to offer personalized travel incentives to business travelers. For example, travel managers can use Traxo's data to identify frequent travelers who have been loyal to specific airlines or hotels. They can then offer these travelers personalized incentives, such as free upgrades or discounts, to encourage them to continue booking with these suppliers.
Use Traxo Data to Reduce Travel Costs
Traxo's complete corporate travel booking data enables travel management teams to improve their overall travel program by providing them with valuable insights into their travel spend. By analyzing their travel data, travel managers can identify areas where they can reduce costs, such as by negotiating better rates with suppliers or by consolidating their travel spend with fewer suppliers. This, in turn, enables them to reinvest these savings into more flexible booking options that benefit their business travelers.
By providing travel managers with a comprehensive view of their travel program, possibilities expand. The data Traxo provides is the springboard travel managers need to make informed decisions about policy changes that support booking flexibility. To learn more, get in touch with a Traxo data expert today!
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