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To manage budgets effectively, travel managers should stay informed about current market conditions and supply chain dynamics, adjusting booking behaviours to align with realistic pricing and available inventory. A market-aware budget sets the foundation for sustainable cost control and value creation.
Stuart Birkin, CTM’s General Manager, Scotland explains: “We are here to provide tailored travel management solutions to our customers which focus on driving value through savings, safety and efficiency. We do this through providing customer service excellence, innovative technology, and regular programme review and optimisation strategies that take into consideration current and evolving market conditions to maximise opportunities. Cost savings is not solely about achieving the cheapest hotel rate or airfare; It is also about being able to demonstrate a return on investment. Did the organisation retain or win new customers, launch a new product, recruit and train more staff, or open new office locations as a result of the business travel? Did the business gains outweigh the expense? This is important as the cost of not traveling can be far greater.”
A great solo travel tip spotted this week on Corporate Travel Management.
