Advance Booking
What is Advance Booking?
Advance booking is a common practice in corporate travel management where employees or travel managers secure transportation and accommodations well before the departure date. This approach ensures cost efficiency, better seat and room availability, and compliance with corporate travel policies.
Companies often encourage advance bookings to avoid last-minute price surges and optimize their travel budgets. Travel management platforms and AI-driven booking tools help businesses analyze historical data to recommend the best times for booking.
By implementing an advance booking policy, organizations can reduce travel expenses, enhance employee convenience, and improve financial forecasting for business trips. Many corporate travel programs set booking deadlines, such as requiring flights to be booked at least 14 days in advance.