The top cost saving benefits of partnering with a travel management company
When deciding to partner with a travel management company (TMC), there are several factors to consider, from servicing capabilities and technology solutions, data and security, to travel content available.
If you’ve never used a TMC before, it can sometimes be difficult to get all stakeholders on board with the idea of switching from self-managed to managed travel, especially when it comes down to cost. In these situations, it’s important to measure the value and benefits of a travel management company and how much return on investment is generated to make the switch worthwhile for your business.
In this blog, we list the benefits of partnering with a travel management company and how they deliver cost savings.
Global buying power for better supplier negotiations
How does a TMC deliver cheaper fares?
A travel management company with global buying power has the scale to achieve maximum savings for customers by providing better discounts on flights, hotels and rail with travel suppliers all around the world. Corporate Travel Management’s (CTM’s) global network allows our customers to enjoy the consistency of service supported by compatible systems and processes in every market they travel in for maximum savings, efficiency and compliance.
How does CTM’s supplier partnerships deliver better value for business travel?
Fruitful business relationships with suppliers allow TMCs to negotiate tailored inclusions on your behalf, resulting in value-for-money business travel. The CTM Global Hotel Programme provides customers with access to exclusively negotiated corporate room rates and a wide range of value-added experiences at more than 52,000 properties in over 200 countries around the globe.
Better insights for more informed decision making
What is the importance of advanced travel data and reporting?
Travel data tools can be used to visualise and dissect complex data providing a holistic view of your corporate travel programme’s performance online at any time, giving you a robust breakdown of where costs are significant and where you can improve. With CTM’s Data Hub, you can also use hypothetical data inputs to visualise how changes to your programme could optimise costs and savings in the future.
How are training sessions with travel bookers beneficial?
After completing an in-depth review of your travel programme, TMCs often provide training sessions for your travel bookers to encourage more efficient and cost-effective booking behaviours. Through education programmes and follow-up sessions, travel bookers feel empowered to make better decisions.
What are TMC benefits of strategic account management?
Account managers handle everything from negotiations with vendors to the day-to-day operations of your travel team, to traveller safety, travel reporting and training. They work alongside your team of dedicated travel advisors, ensuring your travel arrangements are organised to meet all of your business needs, factoring in efficiency, safety, schedules and budget. At CTM, we provide strategic travel management services to large enterprise and global businesses looking to elevate their business travel programme, drive savings and deliver on business growth goals.
Technology to drive savings
Why is it important to use an online booking tool to manage corporate travel?
Access and compare your preferred supplier deals alongside corporate negotiated rates and last-minute inventory in line with your company travel policy. CTM’s proprietary technology framework delivers unique product customisation for customers to support their travel policy and programme, significantly increasing the speed and cost savings potential for our online booking solutions.
What is the benefit of fare forecasting technology?
CTM’s fare forecasting technology provides a visual representation of up-to-date flight prices, displayed by specified journey or destination to see when the most cost-effective day to travel is. This empowers travel bookers to select the cheapest time to travel without having to switch between different searches and browsers.
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How does a travel management company save businesses money on fares and rates?
A travel management company (TMC) helps businesses save money through its global buying power and supplier partnerships. This allows the TMC to negotiate exclusive discounts on flights, hotels, and rail bookings. CTM’s global network delivers savings and consistent service through compatible systems, processes, and travel policies aligned with customer goals across every market.
What value do CTM’s supplier partnerships bring to corporate travel?
CTM’s strong supplier relationships enable access to exclusive corporate room rates and added-value benefits. Through the CTM Global Hotel Programme, customers enjoy tailored inclusions and negotiated rates at more than 52,000 hotels in over 200 countries, helping deliver value-for-money travel experiences.
Why is data reporting important in managing corporate travel costs?
Advanced travel data tools allow businesses to visualise spending patterns and identify cost-saving opportunities. CTM’s Data Hub offers real-time reporting showing how programme adjustments could improve future travel savings.
How can TMC training sessions improve travel cost efficiency?
Training sessions provided by TMCs help travel bookers adopt more cost-effective booking behaviours. By educating teams on best practices and company travel policies, CTM empowers bookers to make smarter, budget-conscious travel decisions.
What role does account management play in travel cost savings?
Strategic account management ensures travel programmes are efficient, compliant, and cost-effective. CTM’s account managers oversee vendor negotiations, reporting, safety, and performance analysis to deliver measurable value and align travel programmes with broader business goals.
Why should businesses use an online booking tool for travel management?
Online booking tools streamline the travel booking process by allowing users to compare preferred supplier deals, negotiated rates, and last-minute fares in one place. CTM’s proprietary booking technology increases booking speed and compliance while optimising savings opportunities.
How does fare forecasting technology help reduce travel spend?
Fare forecasting technology, such as CTM’s, displays current flight prices by journey or destination, helping travel bookers identify the cheapest days to fly. This data-driven insight eliminates guesswork and ensures bookings are made at the most cost-effective time.
