Global

As companies expand their business activities around the world, they are increasingly consolidating their travel program. This means converging virtually all components on a local, regional or global basis. To that end, they are leveraging total travel volume and concentrating sourcing with an optimal number of suppliers, as well as standardizing their travel policy, processes and tools. They are also working with one travel management company in all regions of the world to accompany them in this effort. The benefits can be measured in terms of savings that average 20 percent of total travel spend, as well as enhanced service and security.

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In-Depth Research

The CWT Travel Management Institute has conducted in-depth research into the benefits of program consolidation, which organizations are most likely to achieve them and best practices. The report, Global Horizons: Consolidating a Travel Program, is available here.