Technology continues to be seen as the most effective means that travel managers have to enforce compliance with travel rules, although cross-organization integration remains challenging, according to a recent report.
In the past year, Yapta has gone from virtually 100% of revenue coming from the consumers to more than 70% attributable to FareIQ, a corporate airfare price tracking tool. We speak to one of its clients.
Yapta signs up Carlson Wagonlit and other corporate travel managers to test its FareIQ price-tracking tool
Since June, the price-tracking service claims to have saved travel management companies (TMCs) $279 per corporate travel itinerary over and above any airline imposed change fees and agency re-booking fees, on $20 million in spend.
They are sporadic and you generally can’t pay for them in advance — the 10 worst ancillary fees levied by airlines, hotels and car rental companies.
Cornerstone Information Systems unveiled a tool travel managers can use when all hell breaks loose in crisis situations such as the ongoing turmoil in Thailand or recent unrest in Greece.
The National Business Travel Association surveyed 150 travel managers and found that the vast majority, 81%, have no plans to reduce business travel out of concerns about the Dec. 25 Northwest flight attempted bombing.
While 43% expressed safety concerns about the incident and 42% had no new concerns about air safety, NBTA Executive Director and COO Michael McCormick says: “NBTA encourages governments and airports to strike the proper balance of safety and efficiency in these new regulations and future policy changes.”
But, is there really a proper balance between air safety and efficiency, and is risk management the way to go?