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 That is rightly named as the age of traveler-centricity and with the evolution of the brand new era of personalized travel; it is leading to analyze and development of a bunch of new so-called intelligent services. The command-and-control perspectives of traveling have changed a lot from days gone by and the focus has shifted more on the traveler and the productivity of each trip. It has become essential to keep that the travelers have the best return on investment on each trip. New generations of young employees and managers, who've been growing up and dwelling in an electronic digital age, are moving up the ranks as travelers. It has become essential to acknowledge the need for greater flexibility acknowledging that the employees who travel on corporate trips also consider a share of these trip to be always a leisure outlet. With increasing globalization and rise in companies sending their staff overseas to network and connect using their offshore prospects/customers/suppliers, corporate travel is a highly profitable tourism segment. Before we discuss how tourism companies can better focus on business travelers, let's first look at why they prefer to use specialized corporate agencies over traditional agents

This may be the absolute most basic question for a vacation agency as to why they have to use agencies specializing in corporate travel when there are many of regular travel agents in the market. Nusakuya here is the importance of corporate travel agencies who've online systems which allow business travelers access to their complete itinerary.

The Corporate Agencies tend to have tie-ups with hotels, car rentals, flights etc. providing them with access to lower fares which may be used only by the frequent business travelers. Discounted costs are not the only advantage though as they also offer flight upgrades, room upgrades, and VIP check-in lines as required.

Corporate travel agents have access to numerous travel resources and most of all, quickly, than any other leisure travel agent. Additional information helps to really make the business trips convenient and comfortable.

When an airline ticket needs to obtain rescheduled or cancelled, chances are the airline or the internet company will charge lofty fees. When booking with a corporate travel agent, a lot of the times schedule changes can be carried out at zero or minimal extra charges.

It is important for the business enterprise travelers to reach the correct person at the need of trouble. Corporate travel agents have the ability and professionalism to ease stress for the traveler and the company.

Business Travel Barometer reported that corporate travel is witnessing an accelerated growth. However, when poorly managed, it could be no more a benefit to companies and may, in reality develop into a burden. There are a few factors which the corporations and CTAs must consider to obtain the best out of times spent traveling.

The corporate must define a vacation policy which is applicable to and respected by travelers at all levels. This policy should be used to determine the standards which will help to track the improvement of business travel. It could eventually help to lessen the expenses of the entire package.

The management is responsible for budgeting the travel policy which helps to boost cost management however, it can be essential to offer a qualification of autonomy to the traveler. The policy should really be flexible enough allowing the employee to adapt the trip depending on the situation.

Business travelers must have security in place. The business must stay glued to its definition of standards to ensure the employee's integrity. The CTAs should have reliable partners (travel insurance, airlines, hotel chains etc.).

To optimize time and ease the processes, the administration of management platforms should have automated processes. This means they should adopt mobile solutions where search options, travel alerts, ticket reservations etc. may be accessed quickly, easily and on the go.

Corporate travel trends tend to improve regularly. 2016 has also not been any different and the travel management companies (TMCs) and corporate travel agencies (CTAs) can be focused to provide steady or even strong axis all over. A growing MICE sector, investments in mobile and big data and enhanced concentrate on duty of care are some of these aspects of focus.

The consolidated buzzword among global suppliers, airfares, hotel rates etc. is the rising fares. It may also be the move of the suppliers to generate discounts which encourage travel when there is a strong decline in demand. An optimistic 2016 world economy has been bringing a rise in air fares of several percentage points, hotels are anticipated to see 4%-6% rise in average global rates and the competition will remain moderate in the automobile rental services.

Risk management is one of the major points of emphasis for corporations. Corporate customers are allowing new policies and improved technologies to monitor employees' location in the event of an urgent situation, specially when they are going to foreign destinations. For example, Concur Risk Messaging helps to identify the travelers getting around on the planet and alerts them with alternate travel arrangement as and when needed.

Meetings industry is a major growing sector and the corporate travel trend is developing on it. The corporate travel agencies should better start aligning the many meeting procurement methodologies having its transient travel sourcing. Among the ways might be to broaden all of the meeting services by incorporating incentive trips within it.

A sharper concentrate on increasing value and becoming more traveler-centric can be carried out by bringing in mobile friendly technologies. Mobile and big data are certainly the 2 most important technological investments which any corporate travel agency must focus to make their platform more appealing.

Following Brexit, ACTE and CAPA shared their speculations. According in their mind, the best short-term effects on the travel industry will come from the weakening of the pound against other world currencies. Greeley Koch, executive director for the Association of Corporate Travel Executives stated that the business enterprise travel industry will trend on currency fluctuations; with some companies benefiting from the weaker pound and traveling more, while others may withhold business travel until world markets find their very own level.

Travel policymakers and administrators must be guided by rising terrorism scare. For executives and staff undertaking travel with respect to businesses, the travel agents and corporate travel agencies (CTAs) should prove the reassurance because of their safety through the travel policies. It is probably that the surveys conducted over corporate travelers reflect the general concern of the global business travelers concerning the spate of terrorism. Nusakuya however, there is no denying the fact that terrorist threat is changing the patterns of business travel. The key impact of this really is to keep in mind that the companies providing travel services for business travelers need to enhance their concentrate on security and the associated risks in delivering the services to corporate clients. According to a current finding, travel managers have higher estimation of these policy's effectiveness in addressing risk compared to skeptical business travelers.

Even though the corporate travel sector has continued to progress, there are a plethora of challenges faced by the industry. A rapidly changing consumer market, the emergence of new business models, the impact of technology, man-made and natural crises are a number of the fulcrum points that must be considered before planning corporate trips.