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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 ...
The implementation of corporate travel management is often delegated to Travel Management Companies (TMC). A TMC will manage an organization's corporate or business travel program. They will often provide an online booking tool, [ 1 ] mobile application, program management and consulting teams, executive travel services, meetings and events ...
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 ...
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 ]
Alaska Air reported a return to pre-pandemic levels of business travel, as sales for corporate accounts soared by 22% in the first quarter. Delta and United each reported 14% increases in first ...
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
Acquiring business travel insurance is worth it if you frequently travel for work — especially if you spend a lot on business trips, travel abroad or to riskier countries and don’t already ...