What Are The 5 Best Business Travel Management Companies?
Business travel is getting back on track for the first time after the pandemic. Since business travel is expected to grow in 2022, companies are looking to revamp their current travel process to handle the load.
The best option to manage business travel is to onboard a Travel Management Company (TMC). A competent TMC can handle the entire business travel process of your company. It has connections with the best airlines and hotels, giving you access to a wide range of travel inventory.
There are various business travel management companies in the market, from the traditional TMCs with years of experience to the new-age tech-savvy companies with advanced travel management solutions.
Here is a list of the best business travel management companies for you to choose from.
When it comes to corporate travel management, ITILITE is a one-stop solution. We are a new-age business travel management company that offers customers the best travel inventory on an advanced travel management platform.
Products and services
Here are some of the features that make us one of the best TMCs in the world.
1. Travel Booking
ITILITE offers the most interactive travel booking platform where the users can book travel within 90 seconds or less. With an AI-based booking system, employees get the best travel options as per their travel details and policy.
Moreover, the ITILITE travel management platform is a SaaS-based solution, which means that the employees can book travel from anywhere at any time.
2. Travel Inventory
We are a travel management company with the most extensive travel inventory of flights, hotels, and cabs. We have partnered with the top vendors in the market to provide our customers with the best deals and offers.
3. Granular Policy & approval flows
ITILITE travel management offers the most granular policies among any travel management software in the market. The policies can be set according to employee level, destination (city, country), flight duration, cabin class, etc.
Furthermore, companies can also set up multi-tier approval workflows with no limits to ensure proper approvals.
4. 24/7 Customer Support
We offer 24/7 customer support to all our customers at no additional cost. Not many TMCs in the market offer round-the-clock support. Any traveler can get in touch with us via call, chat, or bot, even at 4 in the morning in the case of any issue.
5. ITILITE Mastermind
ITILITE Mastermind is a virtual T&E Consultant that offers customers tips and insights by analyzing their current travel process, past trends, and employee behavior. It compares the different aspects of your business travel process against the company benchmarks, so you can make improvements.
ITILITE Mastermind eliminates the cost of hiring a travel consultant as you get real-time recommendations to optimize the travel process.
SAP Concur is one of the most trusted business travel management companies in the world. Headquartered in Bellevue, Washington, Concur came into existence in 1993. It was alter acquired by SAP in 2014.
Products and services
SAP Concur offers a variety of travel, expense, invoicing, and data products. Among the travel products, Concur Travel is the most prominent.
Concur Travel brings travel bookings, invoicing, and expenses- all in one place. Employees can make travel bookings and change their itinerary through the mobile app. Moreover, you can also track employees while on a trip to ensure total safety. Concur partners with Booking.com to provide employees with diverse travel options.
Founded in 2006, BCD Travel is one of the largest business travel management companies. With headquarters in Utrecht, Netherlands, it operates in more than 109 countries. BCD has partnered with SAP Concur as a TMC Elite Partner to make use of their online booking tool. Also, BCD Travel was announced as the ‘Most Admired TMC’ for the ninth time by The Beat on 7th December 2020.
Products and services
1. Trip Source
It is a mobile travel management and booking tool for travelers to easily access travel details, set up meetings, and get notifications.
2. Decision Source
It is an analytics center with an intuitive dashboard for enhanced data analysis. It also offers traveler tracking features to keep the employees safe.
Amex GBT or American Express Global Business Travel is a global travel management company with headquarters in Jersey City, New Jersey. Founded in 2013, GBT serves customers in over 140 countries. In November of last year, American Express Global Business Travel acquired Expedia’s group’s travel management company Egencia, increasing its share in the market even more.
Amex GBT offers a wide range of travel options as it partners with 2 GDSs (Global Distribution System) – Sabre and Amadeus
Products and Services
Here are some products offered by GBT in the travel management domain.
Amex GBT offers an online booking platform – Neo1 that helps you book business travel, compare prices, reconciliation, and more.
2. Premier Insights
It is a data visualization tool that offers insights into the travel program by combing GBD (Global Breadth of Data) with Advanced Business Intelligence Technology and Consulting.
3. Expert Auditor
This feature helps you regulate business travel booking by letting you customize the approval flows and policy rules.
4. Expert Care
This is a risk management solution that ensures employee safety by identifying employees at the most risk.
With over 150 years of experience in travel, CWT is a giant in the travel management business. Earlier known as Carlson Wagonlit Travel, the company rebranded itself as CWT in 2019 by launching its travel booking platform myCWT. CWT has a workforce in more than 140 countries that cater to customer issues round the clock.
Although a traditional travel management company, CWT has realized the importance of tech adoption to grow in the market. Last month, CWT announced its intentions to invest a whopping $100 million for product development.
CWT has partnered with RoomIt for providing accommodation to the travelers as per their preference in over 800,000 hotels at low rates while ensuring compliance.
Product and Services
CWT offers the following products-
MyCWT is CWT’s online booking platform that employees can access on both desktop and mobile devices. It is one platform for both travelers and arrangers, where the view can be changed with a single swipe.
2. Business Intelligence Center
CWT’s Business Intelligence Center is a data reporting tool that ensures travel compliance by monitoring traveler behavior. Moreover, with graphical dashboards and charts, you get clear visibility of the travel data.
ITILITE offers an integrated travel and expense management platform with travel booking, approval, expense filing, and reimbursements – all in one place. However, I understand that choosing the right TMC is not an easy decision.
Hence, you can take a free trial of ITILITE travel and expense management platform to experience lightning-quick travel bookings before taking a decision.