travel tech insights

NOVA - The Future for Your Corporate Clients

Travel professionals have many unanswered questions about how the business travel industry will recover post Covid-19. Will most of the countries keep their border restrictions? Will travelers quit Zoom to get back to meeting in person any time soon? Or can companies be sure their employees are safe when travelling abroad?

Topics: Business Travel Travel App travel erp system Online booking systems Travel booking systems Travel Management Companies

Keep Your Customer Informed and On the Go!

Nowadays, safety measures and risk management in corporate travelling have become main topics between travel management companies and customers. Closed borders, flight cancellations, national restrictions; all these subjects are shaking up their way to become mandatory information for every travelling event.

Topics: Business Travel Travel App travel erp system Online booking systems Travel booking systems Travel Management Companies

5 Stats About the Current State of Corporate Travel

If there’s one segment of the global travel industry that has continued to show potential for growth and development during the last five years, it’s corporate travel. As more countries emerge as hubs of international business and the global business community continues to align, the sheer number of corporate travelers and their impact on the travel industry has been a truly disruptive force pushing travel companies to modernize their practices and tailor products and services to this new breed of traveler.

In today’s travel industry, numbers don’t lie. Facts and data points are taken as gospel when evaluating the strength of the travel industry and what industry trends may have the biggest impact on what the travel landscape looks like six, nine, or 12 months in the future. For example, a recent survey from the Global Business Travel Association projected the total revenue generated from international business travel would reach  nearly $1 trillion dollars.

Topics: Business Travel Business Traveler Corporate Travel 2017

How Technology is Reshaping Corporate Travel

One of the most disrupted segments in today’s travel industry is corporate or business travel. Because business moments and opportunities are no longer restricted to what happens in the office or boardroom on a 9 to 5 basis, corporate travelers are having to travel and engage in business activities in more unconventional, unprecedented ways. For example, a business executive could begin a business transaction on a conference call in the morning and then fly to a partner’s headquarters to finalize the deal the very next day. This rapid acceleration of business practices means corporate travelers need more agile, responsive, and visible products and services from the travel companies with which they choose to work.

This is where new technologies has become a core driver in efficiency for both corporate travelers and the travel companies that service this burgeoning demographic.

Topics: travel technology Business Travel Business Traveler Corporate Travel

4 Reasons Why Millennials Are Taking Over Corporate Travel

It’s no secret that millennials are a driving force in today’s travel industry. Whether we’re talking about adventure of budget travelers, the buying power and influence millennial travelers have is increasing each and every year, particularly as more and more travel markets emerge and mature, especially in Asia and Central Europe. What’s more, millennials are now set to emerge as a critical customer pool in yet another burgeoning travel and tourism market: Corporate travel.

According to a recent released earlier this year titled The Portrait of Business Travelers by travel industry group MMGY Global, millennials are poised to become the largest segment of the corporate travel sphere in 2017 and beyond. The report indicated the average business traveler booked about 6.8 trips per year, while millennials completed roughly 7.4 bookings per year in 2016 - a figure that is only expected to increase in the next 12 months.

Topics: Business Travel travel trends Millennials Corporate Travel trends