Since 2020, the cost of domestic business travel has increased by an average 30% and international travel has increased by 21%. These cost increases are being felt across the entire industry and with the ever increasing demand for organizations to travel for a plethora of reasons, it has become incredibly important for industry leaders to make the most cost effective decisions when it comes to business travel.
Here at World Travel, we are industry experts at providing organizations with the most cost effective and seamless traveling experience available. Here are some of our agents’ coveted tips and tricks that they use to help our clients achieve the biggest bang for their bucks!
Advance Purchase on Airline Tickets
At World Travel, our agents make it their personal mission to find new ways to save clients money. One of the biggest ways they accomplish this is by thoroughly tracking spending/cost trends in travel. Our agents have found that whenever clients book their airline tickets 14-21 days in advance, as opposed to less than 14 days in advance, they can save upwards of $100 per ticket.
Airline Point Management
Many airlines offer loyalty programs that reward frequent travelers with points and miles. Properly managing these rewards can lead to free flights, upgrades, and additional perks. Unlike other TMCs, World Travel assists businesses in tracking and redeeming these points effectively to maximize travel savings.
Consolidation of Spend
Oftentimes, organizations don’t realize how much money they’re losing by spending money with multiple different entities and not taking advantage of loyalty programs. By consolidating all corporate travel expenses through a single travel management company, businesses can gain better visibility into their spending. This approach helps identify cost-saving opportunities, improve reporting, and increase leverage when negotiating with travel suppliers.
Partnership with BCD
World Travel partners with BCD Travel, a global leader in travel management solutions. Through this partnership, we provide businesses with access to industry-leading technology, negotiated discounts, and expert insights to streamline travel expenses and enhance overall efficiency.
Preferred Partners
Partnering with preferred airlines, hotels, and car rental companies allows businesses to access exclusive discounts and perks. World Travel helps companies establish relationships with preferred partners, ensuring cost-effective and high-quality travel experiences.
Hotel Negotiations
Hotel costs can quickly add up, but negotiating corporate rates can lead to significant savings. World Travel leverages its industry expertise and network to secure competitive rates and value-added amenities, such as complimentary breakfast, Wi-Fi, and flexible cancellation policies.
Optimize Your Corporate Travel Program with World Travel
Implementing these strategies can lead to substantial cost savings for your business. At World Travel, we specialize in corporate travel management, ensuring your team travels efficiently and within budget. Contact us today to learn more about how we can help your company save on corporate travel.