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Corporate Travel Technology: 3 Travel Management Technologies Every Business Should Implement

October 5, 2021
A person types on their laptop with one hand while talking on a cell phone with the other.

New, industry-leading corporate travel t technologies are emerging all the time. We’ve also witnessed businesses  reinventing themselves to stay relevant  as the world changes around us. To continue future-proofing corporate travel programs, there are three key areas where travel managers should focus:

Staying up-to-date with travel technology helps your organization remain competitive and relevant. Falling behind the times comes not only with higher booking costs and inefficient processes, but also an increased danger of not being able to support travelers in a crisis situation. Corporate travel technology has made it easier and more cost effective to book trips and has increased visibility into where travelers are, which can become extremely important for traveler safety when circumstances change in the country they are traveling within. Travel technology is about much more than saving on flight and hotel costs; it’s about taking good care of your people when they go out in the world to represent you.

Corporate Travel Technology #1 | Complete Travel Data

Access to complete trip data is more essential than ever before. Travel has been picking up recently, and it isn’t projected to slow down. Travel managers need to be extra vigilant in protecting their travelers' well-being by knowing their whereabouts and acting quickly should travel restrictions change. Travel technology solutions like Traxo can give you access to complete trip visibility – before, during, and after travel. With data available at your fingertips, you can easily and quickly locate your travelers, prioritize their health and safety while on the road, and provide post-trip support, if needed. 

Thanks to this revolutionary data access, travel managers will be infinitely more confident in their ability to see all bookings from TMC and non-TMC sources and stop worrying about booking blindspots that lead to compromised duty of care.

Corporate Travel Technology #2 | Crisis Management and Duty of Care

Business travelers around the globe are always ready and eager to hit the tarmac. But, companies must leverage new travel management methods and technologies to ensure traveler safety. From monitoring viral outbreaks and natural disasters to terror attacks and civil unrest, business travel certainly comes with its share of risk. This has become abundantly clear over the past few years, and duty of care should be top of mind for every travel manager out there.

These technologies are designed to make it easy to track, locate, and even extract your business travelers should the need arise. The “need” in this case could be anything from a health risk to an injury. These solutions are your travelers’ lifelines, and that’s what makes updating and maintaining them important.

Travel Management Technology in the Real-World: International SOS COVID-19 Impact Map

To better understand and diminish potential risk, one of Traxo’s duty of care partners, International SOS, designed a  COVID-19 Impact Map that provides businesses and travelers an opportunity to assess risk before embarking on a trip. The Impact Scale is designed to “take into account integrated health, security, and logistics considerations – three key factors in business sustainability during the pandemic.” This robust tool can assist travelers in determining their willingness to take certain trips and help companies decide where to resume/pause in-person business.

Corporate Travel Technology #3 | Automation

Artificial intelligence and machine learning have been making leaps and bounds in the travel industry and form the backbone of technologies commonly used in corporate travel programs today, such as  TripBam and  BTP Automation. The primary advantage of using automated systems for travel management is that it saves time. Without automation, your team has to manually keep track of changing rates and fees, which takes up time that they could be using to do more important tasks. With automated solutions, you can let the machines handle most of the “shopping” part of the process.

TripBam is a fully automated price assurance tool that provides you with a way to lower hotel costs and improve program compliance. “Traxo clients can automatically send their corporate hotel booking data to TRIPBAM for price monitoring.” TripBam offers both price monitoring and re-shopping of hotel rates; savings are found for more than 50% of bookings, resulting in direct savings back to your travel program.

BTP Automation is transforming the way businesses manage their hotel programs, all the while reducing client’s total hotel cost by an average of 14%. Leveraging AI to correct bookings in real-time saves you time and money, but it doesn’t stop there. Imagine a dynamic business tool that automates the hotel procurement process — renegotiating payment terms and conditions to keep up with changing market conditions throughout the year. BTP Automation does just that! It’s finally time to wave goodbye to the labor-intensive, annual hotel RFP process. Best of all, with Traxo’s integration, corrective actions can be taken on bookings before travel occurs to recoup savings and ensure policy compliance.  

A business traveler uses a tablet in an airport lobby.

Leverage New Travel Management Technology as It Becomes Available

Future-proofing your travel program has never been easier with the robust technology platforms that exist in today’s marketplace. Travel technology solutions like Traxo’s can integrate with key industry partners to help organizations  manage pre-trip data without prior training in data management or analysis; our solution is helpful to travel experts and newbies alike.

As a leading travel technology company, Traxo’s partnerships with industry-leading travel providers ensure that businesses have all the tools (and data!) needed to run a safe, efficient, and cost-effective corporate travel program; we specialize in building technology for travel managers. To learn more,  contact us today.

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Real-world Example: Evacuating an Employee from the Israel-Hamas Conflict Zone

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Amex GBT’s CWT Acquisition Underscores Why Complete Travel Data is Essential

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This Expert Law Firm's Whitepaper on Navigating Corporate Travel Risk is a Critical Read

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In corporate travel's complex, fast-paced realm, staying ahead of the curve is necessary. Today, the technological revolution spearheaded by artificial intelligence (AI) has reshaped the landscape, with tools like ChatGPT becoming game-changers. Designed by OpenAI, ChatGPT leverages advanced language understanding capabilities that could assist

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Why Travel Risk Management is Crucial for All Businesses

Travel risk management is a crucial aspect of any business that involves travel, whether for business meetings or conferences. It refers to the process of identifying, assessing, and mitigating any risks associated with business travel. This can include anything from health and safety concerns to political instability and natural disasters. In

Travel Data Security: What is Pen Testing?

You’ve likely experienced a cyber attack at some point during your career or personal life. For example, you may have had an account hacked into or received an alarming message from a service provider that there has been a systems data breach and your personal details were compromised. With larger-scale cyberattacks, these often go unnoticed or

6 Tips for Managing Bleisure Travel

A bleisure trip is what you get when you blend a business and a leisure trip together — a concept that is no stranger to modern business travelers or travel managers. An example of a bleisure trip would be an employee traveling to San Francisco for a business conference at their company’s expense and then tacking on a couple days for a quick jaunt

4 Ways to Ensure Business Travel Safety During International Conflict

Many organizations had offices, work-from-home employees, and travelers visiting Ukraine when Russia invaded on February 24th, 2022. Regardless of why employees were in the country, organizations had a legally binding duty of care to their team members. Before they could ensure employees were out of harm's way, they needed to locate them. Today,

7 Practical Tips for Safer Business Travel

Travel Managers have a duty of care responsibility to keep their business travelers safe while on the road and can try to mitigate risk by ensuring they have good programs, policies, and procedures in place should the need arise. However, travelers also need to be mindful and aware of their surroundings. They need to be able to mitigate risk, and

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4 Reasons Why Travel Managers Need Access to Detailed Business Travel Analytics

The role of a travel manager often varies with the size and scale of organizations. Global organizations may have large, complex travel programs, typically managed by a team of corporate travel professionals. Whereas small to medium-sized businesses may only have a single point of contact managing the travel program. Regardless of the size of your

4 Ways to Optimize Business Traveler Safety in 2022

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How Business Travel Data Helps Organizations Manage COVID Variants

The latest highly-transmissible COVID-19 variant, Omicron, became publicly known in December 2021 when South Africa sounded the alarm to the World Health Organization (WHO). Almost immediately, borders were closed for travel. Organizations with business travelers in South Africa quickly scrambled to locate them and launch relocation plans before

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Business Travel Duty of Care: Supporting Safety by Capturing Leakage Data

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Insights

How the Pandemic Transformed Corporate Travel Programs

2019 started off like any other year: busy calendars, overbooked flights, sold-out hotels and a bustling meeting schedule. Business was booming and travel managers were busy. Their time was spent assisting travelers, negotiating contacts, managing rates, auditing itineraries, and other mundane tasks — Until everything stopped.

When the pandemic

Full Data Visibility: The New Table Stakes For Corporate Travel

As the global economy begins to reopen, corporate travel teams worldwide are planning for how best to restart their company’s business travel activity. Most firms have made it through the initial “triage” stage of the pandemic. Now, teams are taking stock of how their travel programs performed in the midst of the crisis, in order to assess how

Traxo and Your TMC, Ensuring Your Travel Program is Prepared

Uncertain times – I have lost count of how many times I heard the phrase “uncertain times” over the last two months. Since the spread of COVID-19 began, the world has certainly been faced with innumerable challenges on every imaginable level - physically, mentally, spiritually, and more, especially in the realm of business travel. There are many

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Three Ways Travel Managers Are Approaching COVID-19

  1. Employees first – Ensuring

COVID-19 / Coronavirus Impact on Corporate Travel - Update

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If your CEO or head of risk management walked into your office today and asked you how many employees recently traveled to China, and hence could be at risk for exposure to coronavirus, how confident are you of your answer?

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The swift outbreak of the coronavirus (now known as COVID-19)

Traxo and Data Privacy: FAQs

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The Traxo team was in New York City last week for the annual ACTE Global Summit and enjoyed the opportunity to connect with hundreds of corporate travel managers and buyers. Our booth at InterACTE was busy nonstop! Thanks to all who stopped by to say hello -- we hope we helped shed some light on the challenges of managing your off-channel

Insights

The Impact of New Distribution Capability (NDC) on Corporate Travel Management

The airline industry has undergone a significant transformation by introducing New Distribution Capability (NDC), a standardized API (Application Programming Interface) that enables airlines to sell their products more effectively. NDC has revolutionized how airlines distribute their content, and its impact is felt across the corporate travel

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Corporate travel has become an essential aspect of doing business as the world becomes increasingly interconnected. With employees traveling globally, companies have a moral and legal obligation to ensure their safety and well-being while on the road. This responsibility is known as duty of care and is a critical component of corporate travel

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Strategies for Managing Invisible Spend in Corporate Travel

As a travel manager, you're tasked with overseeing the complex and often chaotic world of corporate travel. From booking flights and hotels to managing expenses and ensuring policy compliance, your plate is always full. But what if I told you that there's a significant chunk of your travel spend that's flying under the radar, invisible to your

Insights

Leveraging Traveler Behavior Insights to Optimize Corporate Travel Programs

In today's fast-paced business environment, corporate travel management has become a critical component of a company's overall success. With employees constantly on the move, understanding and analyzing traveler behavior is essential to optimize travel programs, improve compliance, and enhance traveler satisfaction. By gaining insights into where

Insights

Leveraging Complete Corporate Travel Data to Reach Business Objectives

In the dynamic landscape of corporate travel, staying ahead requires more than just managing logistics; it involves understanding and leveraging the wealth of data generated by every trip. At Traxo, we specialize in capturing and analyzing comprehensive travel data, enabling businesses to fine-tune their travel programs for maximum efficiency and

Business Continuity in Corporate Travel: How Traxo Keeps You in the Game

In the ever-complex and unpredictable world of corporate operations, business continuity management (BCM) stands as a cornerstone for ensuring an organization's ongoing stability. Business continuity refers to the planning and preparation undertaken to ensure that an organization can continue to operate in case of serious incidents, disasters, or

Unleashing the Power of ChatGPT for Smarter, Safer Corporate Travel

In corporate travel's complex, fast-paced realm, staying ahead of the curve is necessary. Today, the technological revolution spearheaded by artificial intelligence (AI) has reshaped the landscape, with tools like ChatGPT becoming game-changers. Designed by OpenAI, ChatGPT leverages advanced language understanding capabilities that could assist

Overcoming Weather Delays and Mass Cancellations with Traxo

In corporate travel, weather delays and mass cancellations are significant roadblocks. These unexpected situations can lead to missed meetings, lower productivity, and heightened employee stress; taking a toll on overall business performance. The need for efficient management and control of these unpredictable events has never been more critical.

Insights

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How Corporate Travel Data Enables Greater Booking Flexibility

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How Enterprise-Level Companies Address Personal Trips

With the rise of work-from-home and work-from-anywhere trends, as well as the blending of business and leisure travel (also known as "bleisure" trips), many corporations have shifted their focus from being responsible for the safety and security of the traveler to being accountable for the safety and security of the employee, regardless of their

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Travel Management Fundamentals: What is Travel Data?

Unstructured data, structured data, complete data—these terms can intimidate those who are not accustomed to or well-versed in managing data. While most travel managers wouldn’t consider themselves data experts, they actually acquire and use a massive amount of travel data to do their jobs.

According to a 2021 study by Expedia, 68% of all

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Until recently, businesses went into fight-or-flight mode each time a new COVID variant surfaced, which caused the height of cancellations,

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The lasting impact of our actions plays an integral part in the Earth future generations

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6 Tips for Managing Bleisure Travel

A bleisure trip is what you get when you blend a business and a leisure trip together — a concept that is no stranger to modern business travelers or travel managers. An example of a bleisure trip would be an employee traveling to San Francisco for a business conference at their company’s expense and then tacking on a couple days for a quick jaunt

Why You Should Use a Travel Aggregator for Business Travel Data

Imagine waking up to news headlines that war has erupted, a political crisis has ensued, or a newly identified virus has begun to rapidly spread. As your organization's appointed travel manager, would you be scratching your head, wondering if you have employees in the affected region, or would a quick check of your travel aggregator let you know

4 Ways to Ensure Business Travel Safety During International Conflict

Many organizations had offices, work-from-home employees, and travelers visiting Ukraine when Russia invaded on February 24th, 2022. Regardless of why employees were in the country, organizations had a legally binding duty of care to their team members. Before they could ensure employees were out of harm's way, they needed to locate them. Today,

3 Aspects of an Effective Price Assurance Strategy

What Is Price Assurance?

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Insights

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What Are TMCs (Travel Management Companies)?

TMCs, travel management companies

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Corporate Travel Program Policy Types

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How do you move the needle on

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Updating Your Travel Program: 5 Corporate Travel Policy Best Practices

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Before diving headfirst into policy changes, let’s take a step back to evaluate the entire

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As the global economy begins to reopen, corporate travel teams worldwide are planning for how best to restart their company’s business travel activity. Most firms have made it through the initial “triage” stage of the pandemic. Now, teams are taking stock of how their travel programs performed in the midst of the crisis, in order to assess how

Traxo and Your TMC, Ensuring Your Travel Program is Prepared

Uncertain times – I have lost count of how many times I heard the phrase “uncertain times” over the last two months. Since the spread of COVID-19 began, the world has certainly been faced with innumerable challenges on every imaginable level - physically, mentally, spiritually, and more, especially in the realm of business travel. There are many

COVID-19 and Corporate Travel: Steps to Take Now for What Comes Next

Travel managers have been on the front line of corporate travel’s response to the COVID-19 outbreak. Companies are in varying stages of dealing with the outbreak, but we’ve heard three common themes in how travel teams are approaching this unprecedented new reality.

Three Ways Travel Managers Are Approaching COVID-19

  1. Employees first – Ensuring

China, Coronavirus, Corporate Travel and Duty of Care

If your CEO or head of risk management walked into your office today and asked you how many employees recently traveled to China, and hence could be at risk for exposure to coronavirus, how confident are you of your answer?

Importance of Data Visibility During the COVID-19 Outbreak

The swift outbreak of the coronavirus (now known as COVID-19)

Traxo and Data Privacy: FAQs

We frequently get questions from prospective clients regarding data privacy and security, and how Traxo's services meet legal requirements for both areas. For corporate travel managers seeking to understand their booking blindspots, we've compiled some of the most common questions and our responses, which can be shared with internal legal and IT

Traxo at ACTE 2018: Off-Channel Spend Takes Center Stage

The Traxo team was in New York City last week for the annual ACTE Global Summit and enjoyed the opportunity to connect with hundreds of corporate travel managers and buyers. Our booth at InterACTE was busy nonstop! Thanks to all who stopped by to say hello -- we hope we helped shed some light on the challenges of managing your off-channel

Insights

The Impact of New Distribution Capability (NDC) on Corporate Travel Management

The airline industry has undergone a significant transformation by introducing New Distribution Capability (NDC), a standardized API (Application Programming Interface) that enables airlines to sell their products more effectively. NDC has revolutionized how airlines distribute their content, and its impact is felt across the corporate travel

Insights

The Critical Role of Duty of Care in Corporate Travel Management: Why Real-Time Data Matters

Corporate travel has become an essential aspect of doing business as the world becomes increasingly interconnected. With employees traveling globally, companies have a moral and legal obligation to ensure their safety and well-being while on the road. This responsibility is known as duty of care and is a critical component of corporate travel

Insights

Strategies for Managing Invisible Spend in Corporate Travel

As a travel manager, you're tasked with overseeing the complex and often chaotic world of corporate travel. From booking flights and hotels to managing expenses and ensuring policy compliance, your plate is always full. But what if I told you that there's a significant chunk of your travel spend that's flying under the radar, invisible to your

Insights

Leveraging Traveler Behavior Insights to Optimize Corporate Travel Programs

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Insights

Exciting Enhancements to Traxo’s Corporate Travel Management Services

At Traxo, we’ve been hard at work over the past few months, making significant strides to enhance our corporate travel management services. We’re excited to share some of the latest updates that are set to revolutionize how companies manage their travel programs.

Expanding Our Reach: Capturing Every Booking, Everywhere

We’ve significantly

Insights

Leveraging Complete Corporate Travel Data to Reach Business Objectives

In the dynamic landscape of corporate travel, staying ahead requires more than just managing logistics; it involves understanding and leveraging the wealth of data generated by every trip. At Traxo, we specialize in capturing and analyzing comprehensive travel data, enabling businesses to fine-tune their travel programs for maximum efficiency and

Insights

Mandatory Emissions Reporting: Implications for Global Corporate Travel

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Using Data for Better Travel Management: What Does Traxo Do?

You may be wondering, "What does Traxo Do?" Traxo helps organizations audit their corporate travel programs by providing full visibility into travel bookings, regardless of the booking source, well before trips actually happen. By parsing booking details from 100,000+ air, car and hotel suppliers, Traxo provides travel managers with comprehensive

Travel Management Fundamentals: What is Travel Data?

Unstructured data, structured data, complete data—these terms can intimidate those who are not accustomed to or well-versed in managing data. While most travel managers wouldn’t consider themselves data experts, they actually acquire and use a massive amount of travel data to do their jobs.

According to a 2021 study by Expedia, 68% of all

Insights

Traxo Product Update: Automatic Currency Conversion

Traxo has been providing travel managers and organizations across the globe with complete trip visibility, providing consolidated reporting and ease of locating travelers before, during, and after trips. We’ve recently taken Traxo’s reporting to the next level by launching computed prices, a new feature to automatically convert all travel data

Travel Data Security: What is Pen Testing?

You’ve likely experienced a cyber attack at some point during your career or personal life. For example, you may have had an account hacked into or received an alarming message from a service provider that there has been a systems data breach and your personal details were compromised. With larger-scale cyberattacks, these often go unnoticed or

Why You Should Use a Travel Aggregator for Business Travel Data

Imagine waking up to news headlines that war has erupted, a political crisis has ensued, or a newly identified virus has begun to rapidly spread. As your organization's appointed travel manager, would you be scratching your head, wondering if you have employees in the affected region, or would a quick check of your travel aggregator let you know

Insights

4 Reasons Why Travel Managers Need Access to Detailed Business Travel Analytics

The role of a travel manager often varies with the size and scale of organizations. Global organizations may have large, complex travel programs, typically managed by a team of corporate travel professionals. Whereas small to medium-sized businesses may only have a single point of contact managing the travel program. Regardless of the size of your

The Benefits of Using Traxo to Manage Multiple TMCs

Having multiple travel management companies (TMCs) supporting an organization is common in today’s business sector, especially for those with a global presence. This fragmentation makes leveraging a travel program data aggregation and auditing solution mission-critical.

What Are TMCs (Travel Management Companies)?

TMCs, travel management companies

Traxo and Your TMC, Ensuring Your Travel Program is Prepared

Uncertain times – I have lost count of how many times I heard the phrase “uncertain times” over the last two months. Since the spread of COVID-19 began, the world has certainly been faced with innumerable challenges on every imaginable level - physically, mentally, spiritually, and more, especially in the realm of business travel. There are many

Insights

4 Reasons Why Travel Managers Need Access to Detailed Business Travel Analytics

The role of a travel manager often varies with the size and scale of organizations. Global organizations may have large, complex travel programs, typically managed by a team of corporate travel professionals. Whereas small to medium-sized businesses may only have a single point of contact managing the travel program. Regardless of the size of your

How Business Travel Data Helps Organizations Manage COVID Variants

The latest highly-transmissible COVID-19 variant, Omicron, became publicly known in December 2021 when South Africa sounded the alarm to the World Health Organization (WHO). Almost immediately, borders were closed for travel. Organizations with business travelers in South Africa quickly scrambled to locate them and launch relocation plans before

Insights

How the Pandemic Transformed Corporate Travel Programs

2019 started off like any other year: busy calendars, overbooked flights, sold-out hotels and a bustling meeting schedule. Business was booming and travel managers were busy. Their time was spent assisting travelers, negotiating contacts, managing rates, auditing itineraries, and other mundane tasks — Until everything stopped.

When the pandemic

Insights

The Impact of New Distribution Capability (NDC) on Corporate Travel Management

The airline industry has undergone a significant transformation by introducing New Distribution Capability (NDC), a standardized API (Application Programming Interface) that enables airlines to sell their products more effectively. NDC has revolutionized how airlines distribute their content, and its impact is felt across the corporate travel

Insights

The Critical Role of Duty of Care in Corporate Travel Management: Why Real-Time Data Matters

Corporate travel has become an essential aspect of doing business as the world becomes increasingly interconnected. With employees traveling globally, companies have a moral and legal obligation to ensure their safety and well-being while on the road. This responsibility is known as duty of care and is a critical component of corporate travel

Insights

Strategies for Managing Invisible Spend in Corporate Travel

As a travel manager, you're tasked with overseeing the complex and often chaotic world of corporate travel. From booking flights and hotels to managing expenses and ensuring policy compliance, your plate is always full. But what if I told you that there's a significant chunk of your travel spend that's flying under the radar, invisible to your

Insights

Leveraging Traveler Behavior Insights to Optimize Corporate Travel Programs

In today's fast-paced business environment, corporate travel management has become a critical component of a company's overall success. With employees constantly on the move, understanding and analyzing traveler behavior is essential to optimize travel programs, improve compliance, and enhance traveler satisfaction. By gaining insights into where

Insights

Exciting Enhancements to Traxo’s Corporate Travel Management Services

At Traxo, we’ve been hard at work over the past few months, making significant strides to enhance our corporate travel management services. We’re excited to share some of the latest updates that are set to revolutionize how companies manage their travel programs.

Expanding Our Reach: Capturing Every Booking, Everywhere

We’ve significantly

Insights

Leveraging Complete Corporate Travel Data to Reach Business Objectives

In the dynamic landscape of corporate travel, staying ahead requires more than just managing logistics; it involves understanding and leveraging the wealth of data generated by every trip. At Traxo, we specialize in capturing and analyzing comprehensive travel data, enabling businesses to fine-tune their travel programs for maximum efficiency and

Insights

Mandatory Emissions Reporting: Implications for Global Corporate Travel

Post-pandemic recovery has ushered in an era where the environment and sustainability are paramount. For the travel industry, the spotlight is on new mandatory emissions reporting standards. As the The World Travel & Tourism Council (WTTC) points out, navigating this evolving landscape requires commitment and innovation. Let's delve into how

Insights

The Legal Implications of ISO 31030

Most of my legal career was spent in-house at Sabre and Travelocity. As a result, I am keenly interested in legal issues that impact the travel industry. In today's globalized economy, travel is an essential part of doing business. Whether it's attending conferences, meeting clients, or exploring new markets, travel is an integral component of

Insights

NDC Will Inevitably Drive Additional Travel Leakage: Traxo Solves the Problem

New Distribution Capability (NDC) is a new data transmission standard developed by the International Air Transport Association (IATA) that aims to modernize the distribution of airline content and provide a richer shopping experience for travelers. It enables airlines to offer more personalized and differentiated products and services, such as

Insights

What Travel Management Teams Need to Know About NDC

The world of corporate travel management is constantly evolving, and one of the most significant developments in recent years is the introduction of New Distribution Capability (NDC). NDC is a new standard for airline distribution that aims to modernize and simplify the booking process for travel agencies, travel management companies, and

Insights

How Enterprise-Level Companies Address Personal Trips

With the rise of work-from-home and work-from-anywhere trends, as well as the blending of business and leisure travel (also known as "bleisure" trips), many corporations have shifted their focus from being responsible for the safety and security of the traveler to being accountable for the safety and security of the employee, regardless of their

Insights

Considerations for Choosing Travel Management Software and Services

If there is something to be analyzed, captured, simplified, booked, or secured, there’s a technology company available to assist your travel program in doing so. In this blog, we’ll discuss how to choose travel management software and services for optimal coverage and efficiency.

Understanding the Travel Management Software and Services Available

Insights

Is Remote Work Bad for Creativity?

Remote work forcefully swept through workplaces across the globe when the pandemic took hold. Many businesses were not in a position to shift their workforce to a fully digital environment with such short notice, but as businesses faced being shut down or pivoting to remote work, the latter soon became the reality. Post-pandemic, businesses are

Insights

Making the Most of Your Corporate Travel Data: 3 Business Travel Savings Opportunities You May Be Missing

COVID-19 impacted many companies' bottom lines, which caused travel managers to search for innovative ways to reduce spend without sacrificing corporate travel program necessities While the need is less urgent now, it's never a bad idea to find ways to make better use of your travel budget.

To introduce flexibility and reap additional savings,

Insights

TMC Travel Management: Merging TMC and Non-TMC Travel Data to Improve Business Travel Management

It is common for medium-to-large businesses to have an established travel program in place, which encompasses a travel policy (mandated or guidelines), a designated Travel Management Company (TMC), a preferred supplier program (air, hotel, and car), and often a duty of care provider for larger or more complex businesses.

Small-to-medium size

Insights

2022 Work Trends: Changes in Business Travel and Daily Operations

While the world faces emerging viral outbreaks, inflation and air travel disruptions, business travel continues to rebound from its mid-pandemic low—though its full recovery timeline has been pushed to 2026.

Until recently, businesses went into fight-or-flight mode each time a new COVID variant surfaced, which caused the height of cancellations,

Insights

Travel Cost Optimization: Learn How to Reduce Business Expenses

Pre-trip travel data creates endless opportunities for travel managers to connect with travelers prior to departure, ensuring bookings are compliant and identifying missed cost savings opportunities before lift-off.

What Are Business Travel Costs?

Business travel expenses can be defined as costs associated with traveling for the purpose of

Insights

How Complete Travel Data Supports Corporate Sustainability

As our environment shifts, the importance of corporate sustainability grows stronger. As individual contributors and corporations, the actions and impact that we make together could not be more important than acting to offset our carbon footprint now.

The lasting impact of our actions plays an integral part in the Earth future generations

Insights

Traxo Product Update: Automatic Currency Conversion

Traxo has been providing travel managers and organizations across the globe with complete trip visibility, providing consolidated reporting and ease of locating travelers before, during, and after trips. We’ve recently taken Traxo’s reporting to the next level by launching computed prices, a new feature to automatically convert all travel data

Insights

Empowering Supplier Negotiations Through Travel Data Visibility

Would you agree that supplier negotiations are like a revolving door? Travel managers will end one RFP process, only to find themselves knee-deep in business travel management data and reports a few short months later as the upcoming years’ RFP process begins all over again.

This especially rings true for hotel programs, which are usually on an

Insights

When to Submit an RFP for Corporate Travel Services

Requests for Proposals (RFPs) have become part of a structured, annual process for many travel managers, while others only open discussions with suppliers as needed. While an RFP can be built for most services, this blog will focus on what you need to build an RFP for corporate travel services (e.g., hotel RFPs).

Regardless of the exact reason

Insights

How to Audit Your Travel Program with Pre-Trip Booking Data

Between managing the day-to-day operations of travel procurement, maintaining best-in-class programs, ensuring policy compliance and the responsibilities of data management, the travel manager’s role is multifaceted. For decades, travel managers have struggled to aggregate travel data because of its many storage points. After collecting the data,

Insights

4 Reasons Why Travel Managers Need Access to Detailed Business Travel Analytics

The role of a travel manager often varies with the size and scale of organizations. Global organizations may have large, complex travel programs, typically managed by a team of corporate travel professionals. Whereas small to medium-sized businesses may only have a single point of contact managing the travel program. Regardless of the size of your

Insights

Business Travel Duty of Care: Supporting Safety by Capturing Leakage Data

Data voids became a major concern for travel managers when the pandemic gripped the travel industry in 2020. Locating, contacting, and moving travelers before the impending border closures came into effect was urgent. This shed light on the challenge travel managers have faced for years — business travel program leakage and the dangers of

Insights

How the Pandemic Transformed Corporate Travel Programs

2019 started off like any other year: busy calendars, overbooked flights, sold-out hotels and a bustling meeting schedule. Business was booming and travel managers were busy. Their time was spent assisting travelers, negotiating contacts, managing rates, auditing itineraries, and other mundane tasks — Until everything stopped.

When the pandemic

Insights

In-person, Virtual & Hybrid Events: Has the M&E Landscape Changed Forever?

Many of us are eager for normal life to return. For working professionals, part of that normalcy consists of business travel and attending meetings and events in person. We’ve said it before, and we’ll say it again — nothing can replace face-to-face relationship building. After 1.5 years of Covid restrictions, handshakes, warm hugs from familiar

Insights

Corporate Travel Program Policy Types

A well-written corporate travel policy provides guidance for business travelers while helping organizations influence behavior, manage spend, utilize preferred suppliers, and keep travelers safe. Despite the numerous benefits a travel policy provides, travel managers still face policy compliance challenges.

How do you move the needle on

Insights

Updating Your Travel Program: 5 Corporate Travel Policy Best Practices

Once you’re familiar with the  three corporate travel program policy types – mandated, flexible, and hybrid – it’s time to decide what comes next. Do you need to make changes, and if so, what are the corporate travel policy best practices you should follow?

Before diving headfirst into policy changes, let’s take a step back to evaluate the entire

Insights

2021 Business Travel Predictions

The new year has arrived, and people from all corners of the earth are anxiously looking to move beyond the chaos and uncertainty brought about by COVID-19. As we know, due to widespread shutdowns and stringent health protocols, travel was a particularly hard-hit industry that’s poised to rebound as we progress through 2021. But, what will the

Travel Data Security: What is Pen Testing?

You’ve likely experienced a cyber attack at some point during your career or personal life. For example, you may have had an account hacked into or received an alarming message from a service provider that there has been a systems data breach and your personal details were compromised. With larger-scale cyberattacks, these often go unnoticed or

7 Practical Tips for Safer Business Travel

Travel Managers have a duty of care responsibility to keep their business travelers safe while on the road and can try to mitigate risk by ensuring they have good programs, policies, and procedures in place should the need arise. However, travelers also need to be mindful and aware of their surroundings. They need to be able to mitigate risk, and

Insights

How the Pandemic Transformed Corporate Travel Programs

2019 started off like any other year: busy calendars, overbooked flights, sold-out hotels and a bustling meeting schedule. Business was booming and travel managers were busy. Their time was spent assisting travelers, negotiating contacts, managing rates, auditing itineraries, and other mundane tasks — Until everything stopped.

When the pandemic

Insights

In-person, Virtual & Hybrid Events: Has the M&E Landscape Changed Forever?

Many of us are eager for normal life to return. For working professionals, part of that normalcy consists of business travel and attending meetings and events in person. We’ve said it before, and we’ll say it again — nothing can replace face-to-face relationship building. After 1.5 years of Covid restrictions, handshakes, warm hugs from familiar

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