It seems like every year we reminisce about how much the industry has changed over the past year. 2020 was no different but of course under much different circumstances. In spite of the COVID-19 pandemic, which brought the corporate travel industry to its knees, we saw record investment in start-ups, lots of innovation from traditional […]
If your company is asking “What are the best corporate travel software solutions in 2021?” – you are starting out with the wrong question. No corporate travel software solution is one-size-fits-all for companies, however much marketing would like to persuade you otherwise. Think in terms of vehicles: a Ferrari might be a best-in-class car, but […]
Corporate and leisure travelers may be on the same flight, but in many ways, they have always existed in separate, orbiting travel worlds. Purpose of travel drives the travel experience, both in terms of the choices made by the traveler and the airline alike, for example, a corporate traveler may not purchase auxiliary items like […]
Risk always accompanies travel, and risk management has always been important to businesses. Knowing where your travelers are via a managed travel program and company insurance have long been risk management guidelines. But while traveler injury or illness on the road has always been a possibility company risk assessment should be preparing for, 2020 has […]
Among the many descriptions that could be applied to 2020, it is, undeniably, a very peculiar year for hotel sourcing. With business travel down, hotel rates fluctuating, and the uncertainties ahead in 2021, both the corporate and hotel sides of the annual hotel RFP process face myriad questions and challenges without precedent—but 2021 hotel sourcing, […]
Key to every successful travel policy is that it reflect the reality of your company. Often, when determining travel policy, a critical element is company culture: a hard-line policy on not reimbursing bookings made outside your designated travel management company might be successful at combatting leakage, but it is often ill-suited to a company’s culture […]
How can I maintain visibility into my travel program if I let my employees book direct with suppliers? There’s one word that haunts, and potentially hurts, every managed travel program: “leakage.” Direct bookings, made by employees with the vendors, whether on an airline website, a third-party option like Expedia, or walking right up to a […]
Where can I find industry data to compare my corporate travel spend? When it comes to measuring travel spend, most companies want to know: how do they measure up? In order to benchmark your travel program and determine where your spend falls in the broader scheme of corporate travel, the better to approach negotiations with […]
Whether or not you believe the pandemic will forever change our corporate travel programs, there are some key aspects that are changing now that will have a significant impact on how Travel Managers and corporate travel business owners manage their programs. Here are KesselRun’s top 5 changes to watch in corporate travel programs. Top 5 […]
Corporate travel is a $1 trillion global industry. As a result, it’s probably not surprising to know that tons of industry data exist to help you evaluate your corporate travel program. The difficulty that comes with so much access to data is knowing what to use and who to trust. The best place to start […]