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Insights

Reduce travel spend with strategic supplier management

Organising business travel can be a time-consuming and costly affair. There are flights to arrange, often at the last minute, as well as accommodation bookings and transport on the ground. In such a fast-paced and ever-changing industry, how can companies of all sizes ensure they are getting the best return on investment?

One of the most effective ways to reduce travel spend is to negotiate discounts with travel suppliers. Many businesses miss out on valuable savings because they don’t ask for a better deal, often assuming a supplier’s standard rate is the best available offer. It’s not.

The benefits of managed travel

That’s where a travel management company (TMC) with excellent supplier relations can make a huge difference to your bottom line. A good TMC has established supplier relationships and industry expertise that simply aren’t available when you book direct with suppliers.

Corporate Travel Management (CTM) is constantly finding ways to improve our customer’s travel spend across flights, hotel and ground transportation.

Supplier negotiations

 

 

 

We aren’t afraid to ask the questions that ensure suppliers remain competitive, affordable and relevant. And as a global company, CTM has extensive supplier buying power and support networks that benefit our customers throughout the world.

Our experts can analyse and review your business’s travel behaviour and spending patterns to get a comprehensive understanding of your specific requirements.

We aren’t afraid to ask the questions that ensure suppliers remain competitive, affordable and relevant.

Based on this information, CTM can often negotiate significant discounts on preferred airlines and hotel chains while staying within the budget constraints of your travel policy.

By analysing our customers’ specific travel trends and recommending the most cost-effective supplier agreements, CTM regularly identifies supplier savings opportunities up to 20% off the standard published rates.

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In the air

The first thing that often comes to mind when coordinating business travel is the cost of flights. We can work directly with busy travellers and travel arrangers to ensure they have visibility of the best airfare prices available at any time. Our experts highlight potential flight cost savings, providing comparisons across multiple airlines, time-frames, class of travel and loyalty benefits.

Our experienced teams can also identify substantial cost savings that may be achieved through a preferred airline agreement, or through small changes to your booking behaviour.

On the ground

While reducing spend on flights is often a priority, significant savings can be achieved at ground level too, and don’t always attract the same attention.

Having a strong connection to local hotel and car rental providers gives CTM the ability to negotiate the best possible rates, benefits and inclusions for customers, securing significant savings not available through independent bookings.

In addition to delivering customers with substantial savings from supplier negotiations, CTM’s strong global supplier relationships enable us to negotiate a broad range of valuable waivers and favours on behalf of our customers each year, which simply aren’t available when booking direct.

 

 

 

 

Let us help you

Negotiating the most cost-effective supplier agreements is just one way that CTM delivers unbeatable value to its customers. Our key goal is to help you get the most out of your corporate travel program, and we constantly look for ways to reduce expenditure, without compromising on safety, efficiency or quality. We are committed to developing highly customised travel management solutions that make a real difference to businesses of all sizes.

If you’re looking to reduce your travel spend, then CTM has the solution. To learn more about our range of cost savings strategies, contact CTM today:

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