How Corporate Travel Portal Solution Is Beneficial for Travel Business?
The tourism industry boosts the economy worldwide and therefore it is rightly called a smokeless industry.
Tourism is one of the largest sectors that generate employment, infrastructure, earns foreign exchange and contributes to the national economy and it’s GDP. The tourism industry has witnessed steady growth and demand in the last century.
The tourism industry deals with travel booking and services, transportation services, hotel accommodations, dining with a variety of cuisines, tour packages, facilitation of travel documentation, tour escorts, services of local English speaking guides, and all other travel allied services.
The major factors that assist in tourism development are,
Sate-wise involvement for coordination and cooperation
Strategic planning with application of Technology
Advertising with innovative ideas
Consumer awareness programs
The above mentioned are only a part of the many other factors involved. Throughout the decades' travel industry has experience proceeds with development with deep diversification to get one of the quickest developing financial segments on the global scenario.
Tourism is both cause and consequence of economic development by generating good employment and revenue to national GDP. Tourism has a huge potential with interdisciplinary approach leading to plenty of linkages.
These dynamics have termed tourism as means to into a key driver for socio-economic progress. The contribution of tourism to economic wellbeing depends on quality and revenues it has to offer.
UNWTO helps the tourism industry to promote tourism, sustainably both national and international markets. It also highlights achievable benefits from sustainable tourism in developing countries.
Online Travel Portals
Online travel portals were launched to sell airline’s unsold inventory but now they attract worldwide bookings through effective CRS (Computerized Reservation System) at competitive prices.
These online travel portals enable consumers to compare and select from a wide range of travel options. It also offers a versatile experience to its consumers with trusted reviews and accurate local information, thereby facilitates consumers to finalize its travel plan.
Travel agents are middlemen who link the services of principal suppliers to an ultimate consumer for a commission. They are established throughout the world, under different brands and company names.
Products and services offered by this industry increase day by day. They are offering services such as flight ticketing, hotel booking, local and international holiday packages, four-wheeler rentals, tourist guides, and railway ticketing, etc.
Travel automation has promoted online sales instead of traditional travel agency sales resulting in the popularization of online travel portals.
Online Travel Agency (OTA)
The OTA industry has met with astounding success. The industry touched the USD 100 billion marks recently, representing almost one-third of the global e-commerce pie, according to a recent report. This example of overcoming adversity, however, has had a lot of difficulties.
The OTA model picked up prominence after the late nineties, and competition warmed up. Many players emerged, fueling stiff competition on the ‘best price guarantee’.
The competition was not just between OTA players. Online agencies likewise needed to fight with travel suppliers, especially those airlines that coasted their online organizations or patched up their sites to emulate that of an OTA's.
A few airlines even pulled back their inventory from OTA locales. The dust appeared to settle on the conflict by the late 2000s when OTAs were hit by the recession that led to a substantial dip in sales.
As the economy recouped, online agencies became productive again. But now they had other issues to deal with – tighter competition, rampant mergers and acquisitions, and the unprecedented growth of digital technology.
Technology combination has totally changed client conduct and desires. The naïve, easy-to-please customer has suddenly morphed into someone erudite, and hard-to-please.
Customers today are more demanding than ever before, and expect superior experience – be it in terms of comprehensive air/cruise/car/hotel/booking/packages or when interacting with travel domain experts who have a solid comprehension of the product and destination, and can make important proposals to direct them.
Clients likewise expect altered bundles that supplement their preferences and decisions, and all the more critically, fit their budgets.
OTAs, therefore, seek to provide proactive services to their customers by trying to gauge their needs, requirements and expectations. For an OTA client, fulfillment is a component of accommodation, solace, and value for money.
A higher number of travelers now plan their itineraries online (including their tickets, stay bookings, travel insurance and other related services).
This has led to an increase in the number of offerings made by the e-travel portals in India. These travel portals are moving from being a standalone entity towards a ‘one-stop-shop’ for all the travel needs of a traveler.
The majority of the corporate travel portals are offering complete experience through online hotel bookings, holiday packages, travel guides, air ticket, rail and bus tickets, and customized holiday packages and MICE (Meetings, motivating forces, conferences, and exhibitions) for both individual and gathering travelers.
This wide range of offerings promises convenience in travel booking, planning and search. The offerings made by major e-travel portals are:-
Many consumers use the internet to take advantage of comparative pricing and enjoy the best deals at lower prices. It avoids the extra cost of booking through a travel agent and saves the time consumed in visiting a traditional offline booking store.
Highlights like simple cancellation, customized bargains, ticket following, and accessible as needs be client support facilitate the journey of a travel seeker.
Travel organizations are adopting easy to use interfaces to simplify the customer experience: simpler route, better intelligence and time saver quick book choices are among the most significant ones.
Marketers are utilizing trip guides, sightseeing blogs, and interpersonal interaction locales to assemble a brand name by urging shoppers to share their own travel encounters.
These sites spread word of mouth and increase the credibility of the portals, thus increasing the lifetime value for their consumers.
Gift vouchers and arrangements offered on travel bundles are a significant draw for the purchasers; many travel locales order their contributions according to topics trekking, adventure, wildlife, history, culture, and so on. Companies are also offering online content in regional languages to attract new customers.
Trawex corporate travel solutions
Trawex is the best corporate travel portal development company all over the globe that has been providing travel portal website design and development solutions to the travel industry for several years.
The travel and tourism industry is undergoing a large transformation when we compare it with earlier times. If you are developing your travel business or aiming to begin a travel business online, we are here to assist you with all of your travel portal related requirements.
We provide services for B2B and B2C travel agencies, tour operators, travel management corporations, DMC's, travel aggregators, etc.
Trawex offers expandable Tourism & travel portal software development services to global clients. Our customized travel portal software offers complete solutions for tourism and travel admin tools to form advanced and customized travel portal software and provide a wide range of customized solutions to all the travel agencies and travel companies all around the world.
E-business is a genuine boom in tourism and the travel industry, as we are the best travel portal development organization encourage our worldwide clients to make B2B, B2B2B, B2C, B2B2C, Corporates, B2E, GDS, XML, API services integration, XML Binding & White Label Solutions supported our client’ needs.
As you are a part of the growing global travel industry, our tours and travels portal development includes integration of various GDS, XML, and APIs for air booking, hotel booking, travel packages, Car Booking, Sightseeing, Transfers, and we will develop customized travel portal software based on the client needs and client budget.
If you are searching for a corporate travel management solution with the above services, undoubtedly Trawex is the best corporate travel management company across the globe. We facilitate corporates to form the best business travel expertise for their employees.
Trawex is a robust online business travel arrangement that mechanizes travel structuring, order, endorsement, satisfaction, invoicing, detailing and obligation of care. Several numbers of apps and websites vouch to assist you in your business or company travel portal.
One of the key factors that several online services tend to forget is providing data associated with safety considerations. With workplaces being more numerous, businesses are looking for possibilities at different locales around the world. Employees are sent on assignments or projects to different locations.
Their safety must be guaranteed to facilitate them perform their selected tasks as meant. Trawex can facilitate businesses to succeed in ample safety for their employees and other work connected matters. It permits businesses to trace their personnel and assess their vulnerabilities in real-time.
Trawex diverts from the standard ways to assess safety as they are deemed time intense. Instead, it uses reputed sources and crowdsourced knowledge to formulate renewed safety measures of locations in real-time.
Do not let travel prices spiral out of management. With Trawex, you will gain insights to enhance travel behavior while having full management of your travel spend.
Our travel booking interface is designed to enable the travel partner to make a reservation directly when they have availability to information like product, price, and information about special price, promotion, services, availability, and similar information. The overview of all the bookings accomplished by the system is also available.
This means that the system will allow the administration and the travel partner to track the bookings and arrange them effectively. The system will provide the travel partners with all the documents, allowing them to make the same available for the customers.
There is a well-maintained customer support system for the mutual communication between the tour operator and tourist agency and its partners. When a partner makes a booking, the document given is dependent on the action was taken by them. When a request is sent, the offered itinerary follows automatically.
When a booking is completed, there is an automated process of sending the invoice. This process could be customized based on the needs of the travel agencies.
Along will this the partners will get an overview of all the documents created and are connected to the booking system, which could be forwarded to be printed for the customers.
The travel distribution platform has one key feature. Online booking B2B enhances the communication process is a benefit that both sides can enjoy.
One partner checks with the suppliers to make any assurance of the booking and sends documents while the other one is sending new bookings.
This process deletes the need for communicating over the phone and saves time and money. This is also a way of attracting clients, finding new clients, creating new marketing campaigns and making more sales.
Providing better management over the whole process means everything is under the same roof. Partners get an overview of the bookings and the documents that they have made.
The whole process is centralized, avoiding the risk of making possible mistakes. The travel distribution system has become the backbone of travel agencies that are using online travel portals.
Small to medium-sized companies are often left to their resources when it comes to online travel booking. Most leisure-oriented sites do not provide the business functionality that today’s business traveler requires to follow the employer’s preferred travel policy.
Travel on the Go with the Smart Corporate Travel App!
Trawex corporate travel portal lets you offer the best of both leisure and business travel worlds in a powerful and easy-to-use portal designed to meet the unique needs of your small and medium-size business customers.
Promote your brand online; ensuring your customers can reach you anytime, any day, with booking capability around the clock. Best of all, you can roll out this new self-branded online portal in days- leveraging the power, flexibility and reliability of proven Trawex technology.
With the Trawex business travel portal, you retain your customers as they will no longer have to shop around many sites to compare different options.
They can be assured that they will obtain the most cost-effective selection aligned to their needs and business rules. And all are within just a few clicks.
Small and medium-sized companies are often extremely price-sensitive in their travel planning, but the price is not their only decision-making factor. With the Trawex business travel portal, you will empower your customers to regain control over their business travel costs.
Access to regular online reports will allow you to help your customers to better understand their travel spend and patterns, which, together with online support of basic policies will ensure their success and guaranteed savings.
Every aspect of setting up and administering an online booking system is made easy by Trawex Corporate Travel Portal. Designed to help you get your small and medium-sized business customers up and running in record time.
Once the solution is up and running for your customers, it is easy to keep it that way. Trawex Business Travel Portal is simple to administer, with low portal maintenance costs through the use of automated administration.
When you create a corporate travel portal using Trawex Corporate Travel Portal, you are working with a solid long-term provider.
Trawex offers proven, award-winning technology and travel service capabilities. By choosing Trawex, you can be assured that you’re never on your own. The company offers unrivaled support with local teams ‘on the ground’ that understand your business and speak your language.
Role of TMCs in Corporate Travel Solutions
Business travel often involves unplanned travel including last minute air tickets, hotel bookings. Without the services of a TMC, these can be difficult to pull together without prior warning. Frequent modification/ cancellation of flights can add to the already enormous travel costs of a company.
The corporate travel management companies can streamline a corporate’ travel by deploying user-friendly integrated solutions like digitalized approval workflows and reporting system. They assist in optimizing planning, approval and booking processes.
Free modifications for flights and hotels, reduced cancellation charges, complimentary in-flight meals and seat selection, are some of the other benefits that a TMC partner offers corporate houses.
They are also helping corporates in shifting their traditionally offline processes like travel policies, approval matrices, expense management, etc. online.
This shift to digital process will increase visibility into travel spends and trends, enabling comprehensive MIS reporting.
In managing a company’s travel needs via travel management tools, a TMC will be able to blend the specific travel policies of individual companies with the best available fares and rates on the market. It also can be used as a corporate compliance tool. There are four different ways TMC capacities to oversee corporate travel.
Enforces a corporate travel policy
Any company that has employees who travel for work needs to employ some kind of company-wide policy to ensure that employees comply with basic standards. These standards can include a specific fare class on flights, a star class for hotels, and a class of the rental car.
A TMC helps enforce this policy by guiding travelers to compliant options. Often, a TMC will only display options that are a complaint. Often times, a TMC will only display options for travelers to book that are within their company policy.
Using a TMC ensures that employees adhere to your company’s travel policy without having to spend extra time and effort to track travel compliance.
Provides systems on which to book travel
A TMC critically gives both on the web and bring in systems in which representatives can book travel. Online end-to-end booking is a necessity in 2019, especially because to eliminate hassle, booking business travel should be equivalent to booking any sort of personal travel outside of a TMC.
Where a TMC differs in how it provides systems for booking is that you can ensure that it is giving travelers the best rates possible. There are no hidden tricks or gamification strategies involved in booking with a TMC.
It is a consistent, reliable platform on which your company receives the best rates regardless of when employees are booking.
Negotiates contracts with vendors for special rates
A key benefit of TMC use is that it can occasionally provide special corporate rates from the hotel and car rental vendors for your business trips.
These rates eliminate the need for extra work on the part of your travelers, as they have only one place to go for the best rates.
Any online travel website can offer a good sale on occasion, yet utilizing a TMC ensures that you have confirmed travel experts in your corner discovering you the best options for your bookings.
Provides duty care support
One of the biggest stressors for travel managers and those pegged with leading a travel program at a company is the safety and security of business travelers.
TMC contains a duty of care features that provide real-time communication and information for the safety of travelers in new or unfamiliar destinations. Enlisting the help of a TMC takes the stress off of worrying about employees’ health and safety when they travel for work.
Travel management companies help your business book travel for employees, encourage employee compliance to your corporate travel policy, and ensure the safety and security of business travelers.
Although they can come at a steep price, many corporate travel departments view the use of a TMC as worth the money for making sure that the business travelers are booking reliable fares and conducting their business on the road in ways that reflect the company culture.
Finding the right TMC for Corporate Travel Portals
Selecting the right TMC for your business should begin not with the TMC itself but your travel policy. Setting out a clear travel policy ensures that the TMC you choose aligns with the exact needs of your company.
You should also consider where most of your company’s travel is regionally and what kind of budget your employees have on these trips.
Your industry and size should also dictate the type of TMC you search for. If you are a large company that puts on events and will consistently be on the road, you’ll need a TMC equipped to secure a large number of bookings and adapt to sudden changes in itineraries.
A final key component to finding the right TMC is to make sure that they’re a good culture fit for your company. They’ll be working closely with your employees and contributing to how their time is spending on the road.
If your company values work-life balance or the ability for travelers to have flexible schedules when traveling, you’ll want a TMC that can deliver on that culture.
Trawex Travel Management Company will help you to fulfill all the needs to achieve your goals in the travel and tourism industry. We provide countless services for the clients who are going for both leisure and corporate travel.
We value our client’s satisfaction and we are making that culture throughout our services for a flexible traveling and to enjoy leisure.