A specialized agency providing comprehensive travel services to businesses, including booking, policy compliance, expense management and reporting.
Expanding global business travel programs to India, and in particular bringing in the operations of travel management company used in other markets, can prove challenging. As laid out by Gaurav Sundaram, president of India-based consultancy ProKonsul, a well-researched strategy, strong executive endorsement and a clear go-to-market plan can be the keys to your success. As…
BCD Travel is paying Microsoft about $20 million for a multi-GDS search and booking desktop system that also could help agents manage bookings made outside the global distribution systems. The travel management company a decade ago retired a similar initiative after airlines patched up their differences with GDS providers. The ultimate cost of the project…
If your travel management company isn’t ARC-accredited and doesn’t use a global distribution system, is it not a TMC? According to Flightfox co-founder Todd Sullivan, it depends on what you need. He bills the company as a new kind of animal in business travel. Its agents aren’t agents. They’re experts. It’s not about going after…
It’s not unusual to hear travel management company executives talk about their small profit margins, but their margins are average to above average compared with like industries. TMC profits are, however, sensitive to plenty of external factors the companies cannot control. They remain partly lashed to an industry (airlines) that until recently couldn’t post consistent…
[UPDATE, Feb. 25, 2020: TripActions announced partnerships with Comerica Bank, Goldman Sachs, Silicon Valley Bank and Visa for the Liquid initiative. The program, using cards issued by Stripe, offers clients a 1.5 percent rebate, integrates with the booking process to support policy compliance and delivers unified payment and booking reports.] At the GBTA convention in…
BCD Travel on Thursday announced it would become UATP’s first travel management company issuer of lodge card accounts. An official from CWT said the TMC expected soon to make announcements about payment partnerships for next year. TripActions is said to be working on a card. There’s also the TravelBank-Brex partnership, not to mention the new…
Montréal-based travel management company Encore Travel last year created a spinoff tech firm to take on the many challenges of internal travel program communications. With millions of dollars invested, its new portal and related services have three customers as part of a soft launch. Seven more lined up to begin implementation by year-end. The TMC…
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