trip gain

Managed Travel

What is Managed Travel?

Managed travel is a corporate travel strategy where businesses centralize, regulate, and monitor employee travel through a dedicated travel program. It typically involves a travel management company (TMC), an online booking tool (OBT), negotiated supplier agreements, and automated expense tracking to enhance efficiency and compliance.

Companies that adopt managed travel programs benefit from better cost control, streamlined booking processes, and improved policy adherence. With AI-powered travel solutions, businesses can also leverage predictive analytics, real-time travel insights, and automated approvals to optimize decision-making.

Additionally, managed travel includes duty of care responsibilities, ensuring employee safety with risk management tools, emergency support, and compliance monitoring. By implementing a managed travel program, organizations create a seamless, cost-effective, and policy-compliant corporate travel ecosystem.

Examples of Managed Travel
1.
Centralized Booking Platform
A company uses a corporate booking tool that enforces travel policies, ensuring employees book compliant flights and hotels.
2.
Negotiated Vendor Discounts
A business partners with specific airlines, hotels, and car rental companies for volume discounts and exclusive perks.
3.
Automated Travel Approvals & Expense Tracking
An AI-powered system automatically approves travel requests and flags non-compliant expenses before reimbursement.
Frequently Asked Questions About Managed Travel
1.
How does managed travel benefit companies?
Managed travel helps businesses control costs, ensure policy compliance, improve duty of care, and enhance employee travel experiences.
2.
What is the difference between managed and unmanaged travel?
Managed travel follows structured policies, preferred suppliers, and central booking tools, whereas unmanaged travel allows employees to book freely with minimal oversight.
3.
How do companies implement managed travel?
Companies implement managed travel by partnering with a TMC, using an OBT, negotiating vendor deals, and enforcing travel policies.
4.
Can small businesses benefit from managed travel?
Yes! Even small businesses can adopt basic managed travel strategies like pre-approved booking platforms, expense tracking tools, and negotiated supplier discounts.
5.
How does AI improve managed travel?
AI enhances managed travel by automating approvals, detecting policy violations, analyzing trends, and offering personalized booking recommendations.