Travel management is an effective term for any business organization, which includes balancing their employees travel need in order to obtain business objectives. Business all over the world constantly requires to send their employees to different cities and countries for various important projects that would help the company to boost their sales and profitability. It is a fact that managing travel of business personnels is a very tedious and hectic task, which involves booking hotels, car rentals, flights and taking care of their business needs at every given time. Thus, every company requires to have an efficient travel management platform, if they wish to make their corporate travel a major success.
In the past decade, the travel industry has evolved a great deal due to the latest development in travel technology solutions, allowing the travel agencies to provide better travelling experience to the customers. However, Internet of things (IoT) also played a quite significant role in making travel more seamless. Whether it is monitoring different travel products such as the performance of airline engines, to providing secure and keyless access to hotel rooms and helping tourists to locate their way around an unknown city or country, the capabilities of the Internet of things have made the life of both the traveler and travel companies a lot easier.
Travelling is necessary, whether it is for a family, a group of friends or a business. Everyone, at some point or another, needs to travel from one place to another. However, the process is quite frequent in a business organization, regardless of the size of the company as they constantly find themselves sending their employees and sales people to networking events, seminars and conventions all over the globe. This sure is a very tiring and stressful process for managers and business owners who may have used several different techniques every time to make the travel of their personnels easier and flexible. However, it is quite understandable if they couldn’t be able to properly manage their corporate travel as it is a very challenging task to accomplish.
The latest technological development in the travel industry, widely known as Global Distribution Systems, also known as Automated Reservation System (ARS) that has helped travel agents all over the world. It is a universal computerized reservation network provided in a single point of access in order to book airline tickets, hotels, car rentals and all the other travel products by travel agents using online travel booking system. This new initiative in the travel industry has not only provided numerous benefits to the travel organizations, but also managed to provide cost efficient and easy travel items to the final customer.
Over the last few years, there has been enormous expansion in Travel Technology and this is going to continue for many more years. Process automation is the need of the hour. In 2017, many changes are anticipated in Travel Technology industry. The advancement of Technology affects the commercial aspect of the Travel industry. Innovative solutions would enhance capabilities and support companies to drive-in more revenue through smart marketing features.
There has been a significant change in the behavior of travelers in the recent years due to the emergence of mobile technology in travel. A few years ago, people used to book online tickets, hotels, flights through their laptop or computers, which limited their travelling plan. However, with the advent of mobile technology, travelling has become quick, cheap and flexible. It has been reported that over 52% of travelers use their smartphones and applications in order to book the travel products instead of laptops and desktops. So, what exactly has led to the change in this behavior? Let’s find out below.