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Uptick in popularity of shared services creating uncertainty for corporate travel managers

Advito examines the benefits and risks to travel programs of the sharing economy

Chicago, 28 January 2015 – Business travelers are increasingly gravitating to the convenience provided by Airbnb, Uber and other services using the new “sharing economy” model. But how do travel managers know whether those services make sense for their corporate travel programs?

A new white paper by travel consultancy Advito offers the most thorough examination to date of the sharing economy through the lens of the corporate travel manager. The sharing economy: Does it have a place in your managed travel program? evaluates the most pressing questions for travel programs by the growing trend in shared services.

Pros and cons

“Business travelers want to use these suppliers, and in many cases, already are. Yet many travel managers are hesitant to revise their policies to reflect this change. With the sharing economy developing so rapidly, travel managers need to understand the pros and cons and determine the right approach for their program,” said April Bridgeman, Managing Director for Advito.

5 key areas for consideration

The sharing economy addresses 5 key areas for consideration:

  1. cost
  2. traveler satisfaction
  3. safety
  4. regulation
  5. integration into the travel program

The paper provides specific benefits and risks to introducing the 2 major sharing economy travel suppliers, Airbnb and Uber. It helps travel buyers determine if these 2 services add value to their travel programs, if they should allow their travelers to use them and if so, how to integrate shared services into their program.

Balanced approach

“The sharing economy is changing managed travel and cannot be ignored,” said Bridgeman. “It isn’t so unworkable that you should ban it from your program without further investigation. At the same time, it isn’t so problem-free that you can allow travelers to use the services without implementing some rules and monitoring. It requires a balanced approach.”

End of press release

About Advito

Advito is the travel industry’s most progressive consultancy, enabling procurement leaders to modernize their approach to managing the travel and meetings spend category. Led by a unique team of multi-disciplinary experts and thought leaders, we work with both clients and suppliers to push the boundaries of traditional air and hotel sourcing and strategic meetings management for higher program returns. We provide advisory, procurement and outsourcing services in the area of corporate travel sourcing, expense and meetings management, along with RFP development and management; benchmarking and vendor management services. We minimize our clients’ travel spend and maximize their travel program value in a data-rich, consumer empowered world. Headquartered in Chicago, Advito operates in key business markets around the world. More about Advito »

About BCD Travel

BCD Travel helps companies make the most of what they spend on travel. For travelers, this means keeping them safe and productive, and equipping them to make good choices on the road. For travel and procurement managers, it means advising them on how to grow the value of their travel program. For executives, we ensure that the travel program supports company objectives. In short, we help our clients travel smart and achieve more. We make this happen in more than 100 countries with more than 11,000 creative, committed and experienced people. And it’s how we maintain an industry-leading client-retention rate of over 97%, with 2013 sales of US$ 22.4 billion. More about BCD Travel »

About BCD Group

BCD Group is a market leader in the travel industry. The privately owned company was founded in 1975 by John Fentener van Vlissingen and consists of BCD Travel (global corporate travel management), Travix (online travel: CheapTickets, Vliegwinkel, BudgetAir, Flugladen and Vayama), Park ‘N Fly (off-airport parking) and joint ventures Parkmobile International (mobile parking applications) and AERTrade International (consolidating and fulfillment). BCD Group employs over 12,000 people and operates in more than 100 countries with total sales, including US$ 9.2 billion partner sales, of US$ 24 billion. More about BCD Group »

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