Unlocking Travel Management Success in 2025 with Traxo’s Latest Product Updates

At Traxo, we’re always looking for ways to empower travel managers with cutting-edge tools to drive smarter decision-making and enhance program visibility. As we step into 2025, we’re thrilled to announce a series of updates that make managing corporate travel easier and more insightful than ever before. From our new dashboard to advanced flight and hotel analytics, these innovations are designed to help travel managers optimize their strategies and take control of their travel programs.

Introducing the New Dashboard

Our new dashboard brings essential metrics to the forefront, providing a high-level overview of your travel program’s performance year-to-date (YTD). Using our full view of a customer’s business travel, the dashboard highlights key insights that matter most, helping travel managers stay informed at a glance. From top booking trends to cost metrics, the dashboard acts as a central hub for actionable insights, enabling you to make data-driven decisions quickly and confidently.

Here’s what you’ll find:

• Key Metrics Overview: Instantly see the most critical data points for the year, including booking volumes, average costs, and lead times.
• Immediate And Up to Date: All dashboard metrics are computed in real-time using Traxo’s up-to-the-minute travel data.
• Agency/Non-Agency Comparisons: See all metrics in side-by-side comparisons of purchases with your agency and outside of your agency.

Our new dashboard’s comparisons of agency vs. non-agency travel purchases address one of the biggest challenges in travel management so any travel team can know these critical metrics. With this capability, you can:

• Quickly identify gaps in booking compliance.
• Understand the volume and cost of “invisible spend” from non-TMC bookings.
• Take targeted action to improve policy compliance and data capture.

Flight Charts: A Clearer Picture of Air Travel Trends

Air travel is often one of the largest components of a corporate travel program, making it crucial to have clear visibility into booking patterns and costs. Our enhanced flight charts provide detailed flight insights that help travel managers identify trends and opportunities for optimization.

Key features include:

• Number of Bookings: Understand your program’s flight booking activity over time.
• Average Cost Per Mile: Analyze cost efficiency and identify areas where savings can be achieved.
• Top Booking Sources: Determine which travel sites are driving the most bookings so you know where your travelers are buying.
• Booking Lead Time: Gain visibility into how far in advance travelers are booking flights and assess compliance with your company’s travel policy.

By using these insights, travel managers can adjust policies to encourage earlier bookings, leverage preferred booking channels, and optimize air travel spend.

Hotel Charts: Maximizing Accommodations Insights

Hotel stays are another significant expense in corporate travel, and understanding where and how employees are booking accommodations is critical. Our updated hotel charts offer comprehensive insights, helping you monitor and manage this key spend category effectively.

Features include:

• Number of Room Nights: Track how many total nights your employees are staying in hotels each month.
• Average Cost Per Night: Spot trends in nightly rates and identify opportunities for cost savings.
• Top Booking Sources: Learn which travel sites your travelers use for business travel.
• Booking Lead Time: Assess booking behaviors and compliance with advance purchase policies.

These insights enable travel managers to refine hotel booking policies, negotiate better rates with top vendors, and improve overall traveler satisfaction.

How These Updates Drive Travel Program Optimization

The corporate travel landscape is evolving rapidly, and travel managers must adapt to new challenges and opportunities. Traxo’s latest updates empower any travel team of any size or skill level  to:

1. Attain Comprehensive Program Visibility: With comprehensive insights into flight and hotel bookings, as well as clear segmentation of TMC and non-TMC data, you’ll gain unparalleled visibility into your travel program. This allows you to identify trends, address gaps, and ensure compliance with travel policies.
2. Improve Cost Management: Detailed metrics, such as average cost per mile and per night, provide actionable data to optimize spending. By encouraging early bookings and negotiating with top vendors, travel managers can achieve significant savings without sacrificing traveler satisfaction.
3. Streamline Policy Enforcement: Insights into booking lead times and non-TMC activity enable travel managers to refine and enforce policies effectively. This reduces compliance risks and ensures that all bookings align with corporate goals.
4. Enhance Traveler Experience: By understanding booking behaviors and preferences, you can create a travel program that prioritizes cost efficiency and traveler satisfaction. Better insights lead to better decisions, ultimately resulting in happier, more productive travelers.

What’s Next for Travel Management in 2025?

As corporate travel continues to grow, the need for robust analysis tools combined with comprehensive travel data have never been greater. Traxo’s new features are designed to meet this demand, providing travel managers what they need to succeed in a dynamic environment.

Looking ahead, we remain committed to helping our clients navigate the complexities of modern travel management. Whether it’s through continued product innovation, enhanced support, or industry partnerships, we’re here to ensure your travel program delivers maximum value in 2025 and beyond.

Ready to Optimize Your Travel Program?

If you’re excited to explore these new features and see how they can transform your travel program, we’d love to help. Contact your Traxo representative today or visit our website to learn more about these updates. Together, we can make 2025 your most insightful and successful year yet.

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