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The Importance of Corporate Travel Management. Effectively managing corporate travel is important for several reasons: 1. Cost control. Business travel is a major expense category for many ...
Corporate travel management is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management and travel and expenses ('T&E') data management.
Tips for Managing Business Travel Expenses. 1. Draft a business travel policy. Creating a comprehensive business travel policy is a foundational step in managing travel expenses. This policy ...
It seems as if the mindset is slowly gaining traction, as a 2023 study from Global Business Travel Association projected spending on business travel will surpass pre-pandemic levels of $1.4 ...
A travel management company (TMC) is a travel agency which manages organizations' corporate or business travel programs.Such companies will often provide an end-user online booking tool, mobile application, program management, and consulting teams, executive travel services, meetings and events support, reporting functionality, duty of care, and more.
In December 2021, CTM announced the acquisition of the Helloworld Travel Group's corporate and entertainment brands. [ 1 ] In June 2023, the Independent reported CTM had been awarded a £1.6 billion contract to house asylum-seekers in the UK, including on barges. [ 5 ]
The contribution of corporate travel policies to employees' job satisfaction has been noted by travel management and HR professionals. [3] Whilst management approval for travel may be important in many businesses, it has been noted that some organizations are relaxing or ending the requirement for pre-trip approval. [3]: Page 2
Christopherson Business Travel is a corporate Travel Management Company headquartered in Salt Lake City, Utah and founded in 1953. Christopherson is the largest travel agency in Utah, [ 1 ] and the largest national travel affiliate of BCD Travel, with pre-pandemic sales US$ 682 million in annual sales (2018) and more than 480 employees.