About Travel Management Services Market
Travel management service companies provide complete B2B solutions for managing travel management processes. These processes include management of organizations' strategic approach to travel (travel policy), negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management, and T&E data management. The spend momentum of this market will be attributed to the recent increase in the corporate travel which is the result of the influx of business opportunities from the developed economies in the US, the UK to the emerging economies, including India and China, to leverage LCCS.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Travel Management Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Travel Management Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
Category management strategy
Procurement best practices
Key questions answered in this report
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Travel management service companies provide complete B2B solutions for managing travel management processes. These processes include management of organizations' strategic approach to travel (travel policy), negotiations with all vendors, day-to-day operation of the corporate travel program, traveler safety and security, credit-card management, and T&E data management. The spend momentum of this market will be attributed to the recent increase in the corporate travel which is the result of the influx of business opportunities from the developed economies in the US, the UK to the emerging economies, including India and China, to leverage LCCS.
Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Travel Management Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report, Global Travel Management Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
Category driver
- The growth of the global hospitality industry
Category management strategy
- Conducting a feasibility study on outsourcing travel management services vs. employee booking
Procurement best practices
- Ensure participation and collaboration of cross-functional teams
Key questions answered in this report
- What are the market dynamics?
- What are the key market trends?
- What are the category growth drivers?
- What are the constraints on category growth?
- Who are the suppliers in this market?
- What are the demand-supply shifts?
- What are the major category requirements?
- What are the procurement best practices in this market?
You can request one free hour of our analyst’s time when you purchase this market report. Details are provided within the report.
Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: MARKET INSIGHTS
PART 03: CATEGORY PRICING INSIGHTS
PART 04: COST-SAVING OPPORTUNITIES
PART 05: BEST PRACTICES
PART 06: CATEGORY ECOSYSTEM
PART 07: CATEGORY MANAGEMENT STRATEGY
PART 08: CATEGORY MANAGEMENT ENABLERS
PART 09: SUPPLIERS SELECTION
PART 10: SUPPLIERS UNDER COVERAGE
PART 11: US MARKET INSIGHTS
PART 12: CATEGORY DEFINITION
PART 13: APPENDIX
Executive Summary
The following companies as the key suppliers in the Global Travel Management Services Category - Procurement Market Intelligence Report: GBT Travel Services UK Ltd, CWT Global BV, BCD Group, Booking Holdings Inc, Expedia Group Inc, Flight Centre Travel Group Ltd.Commenting on the report, an analyst from the research team said: “One of the procurement best practices for buyers is to utilize performance tracking metrics to evaluate service providers.”
According to the report, one of the key growth contributors for the global travel management services market is the increase in the frequency of corporate travel.
Further, the report states that one of the key category management strategies for the buyers in the global travel management services market is to engage with service providers who use automation in travel management services.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains actionable insights to improve source-to-contract cycle performance in addition to a PESTLE analysis.
Companies Mentioned
- GBT Travel Services UK Ltd
- CWT Global BV
- BCD Group
- Booking Holdings Inc
- Expedia Group Inc
- Flight Centre Travel Group Ltd.
Methodology
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