Trips to emerging markets helped push corporate travel to pre-recession levels this year, and travel to those same markets is expected to buoy the industry in 2012, despite economic malaise in Europe and North America, according to the 2012 Industry Forecast released by BCD Travel consulting unit Advito.

Corporate travel programs can learn a lot from businesses that market directly to consumers. By harnessing widely available technologies and taking advantage of behaviors ubiquitous among private consumers, corporate travel programs can communicate more effectively with travelers, achieve higher traveler satisfaction levels and even increase leverage with suppliers.

As complexities mount in the managed travel space, progressive companies are transforming travel program paradigms to achieve better-than-policy results, according to this white paper exploring innovations in corporate travel management. Underwritten by Advito and published by Business Travel Media Group, the paper includes extensive commentary and analysis from Advito and BCD Travel thought leaders.

Corporate travel buyers will face a confluence of factors leading to an increase in the overall cost of travel in 2011, according to the 2011 Industry Forecast by BCD Travel consulting unit Advito. These factors include steadily rising demand, caution by suppliers in adding capacity, earlier closure of lower fare “buckets,” increased application of restrictions to lower fares, and a continuing trend toward ancillary fees and unbundled services.

Advito's quarterly forecast updates reassess the economic parameters on which its initial forecast was based, analyze year-over-year booking data from the previous quarter and issue revisions as appropriate.   Additionally, this quarterly update provides a high-level view into key recent industry and market developments that may have an impact on corporate travel buyers.

Building on Advito's thorough understanding of the business travel market and the influence of global and local factors, the 2010 Industry Forecast provides clients with vital information for setting their travel budgets as the new calendar year and fiscal year approaches. 

The white paper explores what consolidation means in the modern travel industry and what companies can hope to achieve from the substantial effort required to consolidate travel policies, suppliers and other program elements on a country, regional or global scale. In addition to defining consolidation and exploring benefits such as cost savings and increased traveler safety, the paper details how to execute a successful consolidation.

Advito, la división de consultoría de BCD Travel, ha actualizado su Pronóstico de la Industria para el 2009, tomando en consideración los desarrollos económicos y de la industria acaecidos durante el cuarto trimestre del 2008. Aquí encontrará el documento completo, junto con la actualización, en español.

The white paper outlines the importance of a strategic approach to creating travel programs that integrate with their organizations’ overall Corporate Social Responsibility goals and stakeholder requirements. Responsible Travel Management will incorporate both sustainable and accountable elements.