Sabre Travel Network and PhoCusWright announced the availability of new research discussing strategies and tactics to optimize travel procurement. The findings of the study are presented in a whitepaper, Best Practices in Travel Business Intelligence, which is based on two years of interviews with business travel managers and buyers, as well as detailed reviews of travel data management systems from travel management companies, global distribution system (GDS) providers and third-party developers.
The need for quality business travel data is particularly important today as the managed travel industry absorbs the impact of skyrocketing energy costs on air carriers. The good news for travel managers and procurement professionals is that new capabilities for capturing data have emerged. New data mining tactics can be the foundation for an effective managed travel program, giving managers avenues to best leverage vast stores of information. Best Practices in Travel Business Intelligence provides insights on just how some how of the world’s most successful travel programs are doing just that – turning data into action that can have bottom line results.
Insights in the whitepaper include:
- By distributing travel business intelligence throughout the enterprise, travel managers now act as facilitators of information rather than enforcers of policy.
- To drive greater compliance, scorecards contrasting different corporate divisions are created to highlight missed savings opportunities.
- Standardizing with a common GDS reservation platform and one corporate booking tool is a best practice enabling the collection of information on a global basis.
- Near real-time delivery of GDS information into travel business intelligence systems augments the traditional flow of GDS information into agency back-office systems.
- An emerging best practice is to receive an electronic feed from major suppliers to identify potential gaps between supplier and TMC data sources before renegotiation.
Get the free whitepaper at Sabre Travel Network
