BCD Travel has been steadily growing around the world, but its latest acquisition will help it compete in the crowded U.S. market for travel management services.
It's pretty clear there's a lot of consolidation going on in the travel management space, and there are no signs of that changing. With BCD's most recent investment, the company is in a good position to start planning future acquisitions in the Asia-Pacific region.
Wasn't the whole point of these surcharges to prevent the global distribution systems from taking a cut of that juicy ancillary money that is now flowing in? One has to wonder what the terms of Air France-KLM's deal with Amadeus and Travelport really are. For now, it looks like the global distribution systems that took the new distribution capability seriously are reaping the rewards.
Even big travel management companies, which usually resist change, are planning ahead to better anticipate traveler and travel manager needs. No one's quite sure when this more connected and insightful future will arrive, though.
Big travel management companies usually operate with strict controls on how third-party companies can interact with their systems. This new platform from BCD Travel is a step in the right direction toward allowing travel managers to use more innovative solutions.
When travelers book hotels outside of their corporate travel program, companies lose out on savings opportunities and must overcome added challenges to keep their employees safe on the road. Luckily, there are steps travel managers can take to help lessen the problem.
Companies put a lot of time and effort into creating a successful hotel program–– but without regular rate auditing, they may be leaving money on the table.
It’s time for travel buyers to abandon the traditional hotel buying process. Instead, they should review their program on an ongoing basis as new developments in data and technology, the influence of leisure travel, fluctuating rates, new supplier pricing strategies and game-changing mergers overhaul the market.
What happens when your social media operations have to transcend the traditional silos of B2B and B2C? Travel management companies are figuring it out in a very public forum.