With the beta test coming to a close on Travizon’s Global Insight reporting platform, I wanted to pass on some updates.  A growing trend we are seeing is the integration with procurement departments and their analysis tools.  Because of the breadth of information collected in the Global Insight tool, Travizon can provide valuable information to companies that assist with managing T&E budgets, helping enforce contract compliance and by providing granularity into traveler behaviors.

Static reports are going away.  Clients want immersive reporting that allows them to not only get top-level information but also with the click of a button, drill down into the details.  It seems that no matter how many canned reports a system has, you can never predict what specific items of data a client will require.  The Global Insight system has overcome this obstacle by providing clients with a simple, user-friendly interface that enables them to select any reporting element and drop it onto their own custom reporting tile.  These reporting tiles become the bedrock for managing a corporate travel program that can span across multiple travel agencies and disparate travel suppliers.


For more information and a preview of Travizon’s soon-to-be released Global Insight tool, click below to download our Data Sheet.

The consolidation of travel to a single Travel Management Company (TMC) is the foundation to effectively managing traveler safety and travel expenditures.

Over the past three years, we have been witnessing significant growth within the APAC portion of our clients travel programs.  For many of our clients, APAC has grown from 10%-15% of their overall to upwards of 25%-30%; this is in-line with industry patterns as a whole.  In 2010, gross bookings were up 17% year over year while 2011 will come in at an estimated 15% increase; this represents the fastest growing global travel market.

Having a corporate travel policy is the cornerstone to an effective managed travel program and the key to reining in the skyrocketing costs associated with travel.

Hotel spend comprises approximately 39% of a company’s total travel expenditure and is typically the largest category of unmanaged spend.  Corporate hotel spend can be broken out into three distinct categories:  Transient, Long Term Stay, and Meetings.  It is important for companies to create an integrated enterprise wide sourcing strategy based on these combined categories of hospitality spend and focus on projected hotel program savings. 

For most companies with an international presence, Travel and Expenses (T&E) are the 3^rd largest indirect cost component of the total budget. Consolidating your travel management spend globally is not an easy process, but partnering with a global travel management company with a comprehensive understanding of what is realistic and taking cultural differences into account is the best advice for companies.

Finding an efficient way to manage costs associated with business travel is a crucial step in realizing savings from your travel budget.  A corporate credit card solution is a key strategy in gaining efficiencies; reducing costs and managing travel spend.  Here are the top benefits you can achieve through a Corporate Payment System like AirPlus:

To build or buy… that is the question. A couple of years ago we started looking in the market place for a new management reporting system. We narrowed our search down to four suppliers before rolling our sleeves up and digging in to the functionality of each product. Some products excelled at the standard reports an agency generally sends out. Other products had sleek dashboards you could interact with.

What a great event!  The GBTA conference in Indianapolis was the first ever GBTA event based solely on sports teams and athletic organizations and it was quite impressive.  For a first time event, the turnout was outstanding and the attendees were an energetic group who were very excited to get the sessions started.  What I thought was interesting….and refreshing, was that the topic of pure service fees wasn’t a topic at all; these organizations are more than happy to pay agency/provider fees as long as their athletes and coaching staff are well accommodated and, above all, safe.  Of course, ancillary fees were a big topic and it was amazing to me how many organizations utilize express shipping/cargo and ground transportation to move large amounts of equipment, dodging ancillary airline fees altogether.  Most everyone I spoke to was eager to get to the GBTA Annual Conference in Denver to see how the whole ancillary fee issue will shake out. 

In today’s tough economy, more and more companies are looking for creative ways to increase their sales revenue without incurring the costs of travel, especially in light of increasing airfare, hotel and ancillary fee costs.  Not only can smart demand management initiatives save time and money for your company, it also can reduce your company’s carbon dioxide emissions footprint by decreasing the amount of trips taken. Research indicates that an increase in employee productivity is quite possible as well. Below are five different demand management initiatives that can help your company save on its bottom line: