Very simply, managed travel is defined as: 1. That segment of the business travel market that is actively under the control of (“managed by”) corporate travel managers. 2. The profession practiced by or the area of expertise of corporate travel managers.
However, understanding when to establish a managed travel program is not as simple for many companies. Travelers, procurement professionals, and other business leaders (finance, HR) will have their own unique points of view in the decision-making process. The benefits of shifting to a managed travel program are not always clear, but companies typically align around several core objectives.
The primary reasons companies establish a managed travel program include the following:
- Improving the traveler experience through technology and service
- Gaining visibility into travel costs and travel patterns
- Managing costs and find savings in air, car, and hotel
- Implementing safe travel practices and reduce risk
- Realizing efficiencies and improving travel program execution
Beyond those broad objectives, Egencia customers have expressed interest in a wide range of additional goals, which are only attainable through a successfully managed travel program, including increasing self-service for booking, boosting compliance to travel policy, managing group travel and events, supporting admins and travel arrangers, and preparing for global expansion and alignment.
Are you interested in switching to a managed travel program? Click here to learn how YOU can achieve similar success with Egencia.
Or if you’re just exploring the transition to a managed travel program, please enjoy our webinar for more information on Demystifying Managed Travel.