Corporate travel management requires more than just booking flights and hotels. Optimizing travel expenses, ensuring policy compliance, and improving the traveler experience are all crucial for businesses. That’s where corporate travel consulting services step in. These companies help businesses streamline their travel processes, reduce costs, and ensure employee travel safety.
In this blog, we’ll explore the five best US-based companies providing travel consulting services. Each company offers unique solutions that address the specific needs of corporate travelers and organizations.
What is Corporate Travel Consulting?
Business travel consulting helps businesses manage their travel programs more effectively. These consultants offer expert advice on booking processes, travel policies, and cost-saving strategies. They guide companies in choosing the right tools for managing flights, hotels, and expenses.
Consultants also ensure compliance with corporate travel policies and help monitor employee safety while traveling. With their help, businesses can reduce travel costs and improve the overall experience for their employees.
By using travel consulting services, companies can optimize their travel plans, making them more efficient and cost-effective.
Top Corporate Travel Consulting Companies
1. itilite
itilite is at the forefront of business travel consulting. It offers businesses a comprehensive platform that simplifies travel management. itilite helps companies save up money on travel costs while maintaining traveler satisfaction. One of its standout features is the Mastermind, a virtual travel consultant. This tool uses AI to analyze travel and expense (T&E) processes within organizations.
Key Features of itilite :
- Budget-to-beat incentives : itilite offers a unique feature where employees are shown a “budget-to-beat” when booking travel. Employees can choose options that cost less than the given budget and share the savings, driving cost-conscious behavior.
- Centralized payments : itilite eliminates the need for travel reimbursements by allowing companies to use centralized payments for bookings. This saves time and reduces administrative hassle.
- Real-time data insights : itilite provides AI-powered insights that help companies identify savings opportunities and streamline travel policies.
- Flight price drop rebooking : The platform automatically rebooks flights when prices drop post-booking without impacting the traveler’s experience.
With its intuitive platform, itilite stands out as a leading solution for businesses looking to optimize their travel programs.
2. Egencia
Egencia, a division of American Express Global Business Travel (Amex GBT), provides businesses with end-to-end corporate travel consulting services. Egencia is known for its technology-driven approach, offering tools that allow businesses to manage their travel programs more efficiently.
Key Features of Egencia :
- Easy-to-use platform : Egencia’s platform allows for quick and easy booking of flights, hotels, and car rentals. Travelers can also make changes to their bookings directly from the platform.
- Customizable travel policies : The company allows businesses to set up custom travel policies. It ensures compliance with internal guidelines while offering flexibility to travelers.
- Global reach : With operations in over 60 countries, Egencia can manage travel programs for businesses with global needs.
- Traveler tracking and safety : Egencia’s platform includes traveler tracking features. Businesses can monitor their employees’ locations and provide assistance if needed.
Egencia combines the strength of Amex GBT’s expertise with a focus on technology, making it an ideal choice for businesses that want corporate travel consulting.
3. Boston Consulting Group (BCG)
Boston Consulting Group (BCG) provides specialized corporate travel consulting services specifically for the travel and tourism industry. They help companies adapt to the changing landscape after the pandemic.
BCG focuses on developing strategies that lead to success in areas like digital transformation, business operations, and revenue management. By treating travel and tourism as a unique sector, BCG tailors its methods to address the specific challenges faced by this industry.
In the last five years, BCG has completed over 1,100 projects with some of the top names in travel, including airlines, hotel chains, cruise lines, and government tourism organizations. Their work has resulted in impressive outcomes, such as a 45% increase in forecasting accuracy for a low-cost airline.
Additionally, they helped a major US airline cut expenses by $750 million. BCG brings expertise in various areas, including strategy, digital operations, and sustainability. This knowledge allows them to help travel companies adapt, innovate, and succeed in a competitive market. Through their consulting services, BCG ensures that clients are well-equipped to face the future of travel and tourism.
4. Deloitte
Deloitte offers consulting services for the travel and tourism industry, helping businesses adapt to market changes and improve their operations. Deloitte focuses on areas like digital transformation, customer experience, and sustainability.
They work with airlines, hotels, cruise lines, and other travel companies to create strategies that boost growth and efficiency. Their consulting services help companies manage risks, streamline operations, and enhance customer engagement.
Deloitte also supports travel companies in adopting new technologies, improving pricing models, and strengthening brand loyalty. With their experience and global reach, Deloitte helps travel businesses stay competitive in an evolving industry.
5. SAP Concur
SAP Concur offers corporate travel consulting services to help businesses manage corporate travel more effectively. Their focus is on automating travel bookings and expense management while ensuring policy compliance.
By integrating travel data into one platform, SAP Concur provides clear insights into travel spending and trends. These services improve efficiency by reducing manual tasks. SAP Concur also provides tools for managing risks and ensuring duty of care.
Companies can easily track employee travel, control costs, and maintain compliance with corporate policies. Their solutions aim to enhance traveler satisfaction and save time. Additionally, SAP Concur features strong reporting capabilities. This allows businesses to analyze travel expenses in detail.
Companies can identify spending patterns and find opportunities for cost savings. With real-time data and analytics, businesses can make informed decisions about travel budgets and strategies.
Choose the Right Corporate Travel Consultant
In conclusion, corporate travel consulting helps businesses save money, manage trips better, and keep employees safe while traveling. It makes the whole process easier and more efficient. By using expert advice, companies can improve their travel plans and reduce costs. Choosing the right consultant can make a big difference for your business.
With itilite, you also gain access to AI-powered Mastermind, which benchmarks your travel and expense metrics against top-performing companies. This tool helps you identify areas for improvement in your T&E processes, ensuring your business stays ahead while optimizing costs and efficiency.
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