Do professional business travel services save money?
According to research conducted by the Global Business Travel Association (GBTA), companies typically save between 10% to 20% on their overall travel expenses when utilizing the professional business travel services of a travel management company. The Association of Corporate Travel Executives (ACTE) found that effective utilization of business travel services can result in businesses reducing their travel expenses by up to 30%. These statistics underscore the substantial cost-saving potential that comes with leveraging the expertise and resources offered by business travel agencies.
Show me the money:
Lost Productivity: According to a Global Business Travel Association (GBTA) study found on average, it takes employees 20 hours to research and book a single business trip. By outsourcing these tasks to a Business Travel Agency, corporations free up employee time, allowing them to focus on core business activities.
Unused Tickets and Hotels: The GBTA estimates that up to 30% of airline tickets go unused, resulting in significant financial losses for corporations. Additionally, unused hotel reservations can further contribute to these losses.
By leveraging the technologies a TMC’s offer, companies can better manage their travel expenses, including reducing the number of unused tickets and hotel reservations through automated itinerary and credit management.
Savings through Negotiated Rates: TMCs have access to discounted rates and contracts with airlines, hotels, and car rental companies. According to the Association of Corporate Travel Executives (ACTE), corporations can achieve savings of up to 20% on travel expenses by leveraging these negotiated rates. This is in addition to any privately negotiated corporate rates.
Total Cost of Ownership (TCO): TCO analysis considers not only the direct costs of travel management services but also the indirect costs associated with managing travel in-house, such as employee time, errors, and inefficiencies. According to research by Deloitte, TCO analysis has shown that outsourcing travel management to a TMC can result in overall cost savings ranging from 10% to 20%.
The return on investment in utilizing accredited business travel services is clear.
Choosing McTavish Travel for Your Business Travel Needs
Welcome to McTavish Travel, your go-to destination for all your business travel service needs. In today's fast-paced world, where flight delays, cancellations, and long airport queues are the norm, navigating business travel can be a daunting task. That's why our dedicated team is here to provide you with affordable solutions tailored to your corporate travel needs. Whether you're a burgeoning startup or a well-established corporation, we offer an extensive range of business travel services to streamline your travel processes and maximize your time and budget.
At McTavish Travel, we recognize the unique challenges of business travel, which is why we've meticulously crafted a variety of flexible business travel services aimed at enhancing your travel experience:
Itinerary Planning and Booking Assistance: Navigating the complexities of international travel comes with challenges ranging from coordinating connecting flights and ensuring adequate layover times to managing interline baggage transfer and understanding ever-changing visa and travel documentation requirements. Our seasoned travel consultants specialize in providing comprehensive business travel services, adeptly handling these intricate details to create personalized itineraries that seamlessly cater to your specific needs. From securing flights and accommodations to arranging car rentals, our team is well-equipped to tackle the unique complexities of international travel. With our extensive network of travel suppliers and in-depth understanding of global travel regulations, you can trust us to optimize your itinerary and ensure a smooth and hassle-free business travel experience.
Reporting: We understand the importance of data-driven insights in optimizing your business travel program. That's why we provide comprehensive reporting that enable you to monitor and analyze your travel expenses, trends, and patterns. Our advanced reporting tools offer invaluable insights into your travel spending and policy adherence, empowering you to make well-informed decisions that positively impact your travel program.
Account Management: Cultivating strong partnerships with our clients lies at the heart of our ethos. That's why we appoint dedicated account managers to oversee your account and offer personalized assistance with our business travel services. Your account manager will collaborate closely with you to comprehend your unique needs and devise customized solutions aligned with your objectives, ensuring seamless coordination of your business travel arrangements.
Cost Savings: Our business travel services extend beyond convenience to saving you money. Through meticulous negotiations on air, car, and hotel contracts, we strive to secure the best rates for our clients. Where contract negotiations aren't feasible, McTavish Travel leverages our own discounted car and hotel rates to ensure you save money on your business travels.
Self-Booking Tools: If you prefer to take control of your business travel arrangements, our user-friendly booking tools are available. Our policy-compliant self-booking tools grant you access to a diverse range of travel options and real-time availability, offering the flexibility to manage your plans and post-trip expenses efficiently while utilizing our business travel service.
Traveler Safety: At McTavish Travel, safety reigns supreme and is central to our business travel services. That's why we provide a comprehensive 24/7 Emergency Service, ensuring travelers have access to agency support throughout their journey. Furthermore, we bolster risk management and duty of care through Travel Advisories, Alerts, and Traveller Tracking, supplemented by available evacuation services. These indispensable tools and services empower companies to fulfill their duty of care obligations effectively, maintaining the safety and well-being of their business travelers.
At McTavish Travel, we deliver exceptional business travel services and value to our clients, prioritizing traveler safety and satisfaction. Contact us today to discover how we can optimize your travel program and help you achieve your corporate objectives with our specialized business travel services.
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My company had me contact Dawn to make my travel arrangements from Charlotte. Her service was impeccable. She responded lightning fast with my choice of flights, was very knowledgeable and had a fabulous personality. Not only is (Company Name) a great company to work for but they choose great companies to work with as well! Thank you Dawn!
