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Effectively managing corporate travel is important for several reasons: 1. Cost control. Business travel is a major expense category for many companies. Having a structured corporate travel ...
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 large part of corporate transportation management covers Ground Transportation Management (GTM), which is provided by business travel agencies and business-to-business software vendors for corporate clients to consolidate and streamline the management of their ground transportation suppliers primarily to optimize travel costs, scheduling and ...
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]
Online Travel This Week There were winners, including Vrbo, Hopper, and Expedia, and losers such as Airbnb, in the first half of 2022 in the U.S. as online travel agencies competed with one ...
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