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Articles in category: Business Travel
AFRICAN airlines are struggling to realise the benefits of a lower oil price as the positive effect is offset by weakening currencies in SA, Kenya, Nigeria and other economies, according to the International Air Transport Association (Iata).
Demand for international travel in the region has decreased due to "adverse economic developments" in countries that are oil reliant, such as Nigeria.
Iata’s forecast data showed combined airline profits were "barely positive" for this year at $200m, which is about $2.51 a passenger.(Read Full Article)
While the fall in oil prices has eased cost pressure on airlines travel buyers are yet and may not see any reduction in ticket prices, but there is more they can do to ensure they are getting the best deal.
The collapse of oil prices has eased the considerable pressure that had built up on the world’s airlines over the past few years. Seemingly endless increases sent jet fuel prices spiralling upwards and with them went the cost of fares.
The world of complex spend management can often frustrate the typical procurement executive, as each category that encompasses this area has its own distinct set of capabilities, competencies, solutions, and yes, even performance metrics.
Events management is an arena that has evolved tremendously over the past few years, with organizations treating corporate events (in all of its forms, such an incentive, customer / client, revenue-generating, etc.) more as “engagements” than one-shot live meetings(Read Full Article)
Everyone likes a comfy bed and a suite, but unfortunately hotel spend is an often-overlooked area for businesses. Rooms are frequently purchased on an ad-hoc basis with hotels that are not ones that the company has already negotiated rates with.
It’s been previously stated here at CPO Rising that the business travel category has been on both a budgetary and strategic rise over the past half-decade; as more and more enterprises rely on business travel to foster customer relationships, spark new business development and maintain core supplier unions, it becomes critical for the average enterprise [...](Read Full Article)
This is the perfect time of year to review sourcing strategies and remember what an important role they play when procuring hotel accommodation. The hotel market is fragmented and highly complex which means that many companies often lack the necessary analysis tools and benchmark information needed to obtain and negotiate an efficient hotel programme.(Read Full Article)
Two out of three firms in Europe have a centralised travel procurement operation, compared with just one out of three in North America. A study by Egencia added frequent travellers are more likely to make their own bookings, as are travellers from multinational organisations.
It also analysed how companies can optimise these different organisational models for cost-effectiveness and traveller satisfaction. In terms of centralised procurement, Egencia said: “Companies may choose to focus on this category of bookers in their efforts to implement cost-saving initiatives.(Read Full Article)
Shirley Le Roux, MD of TraveluXion gives SmartProcurement her take on the true cost of self booking and, in turn, what clients should be prepared to pay for ‘self-booked transactions’. Self booking for this purpose means that a company has access to a self-booking tool that enables them to preview, select, and finalise an itinerary of their choice – termed ‘online booking’. In most instances this is rolled out in conjunction with their Travel Management Company (TMC).
This report is the result of an extensive survey drawn from ICD Researchs exclusive panel of leading global airport industry executives; it provides data and analysis on buyer expenditure, procurement, and developments within the global airports industry. The report includes key topics such as global airport industry buyer expenditure and procurement behaviors and strategies, and identifies the threats and opportunities within the global airport industry.(Read Full Article)
A successful national airline is a key contributor to local economic growth . With the global airline industry going through a rough patch, during which many airlines, including practically all local players, have taken strain, it is not surprising that so much has happened, been said and written about SAA in the past few months. Yet despite the challenging times it has faced, the national airline continues to play its key and unique roles to the benefit of the South African and regional economies.(Read Full Article)
New low-cost African carrier Fastjet would start selling tickets next week, ahead of its first flight later this month, the company, which is featuring the African grey parrot as its logo, said on Monday. Aim-listed Lonrho, which owns 67.4% of Fastjet, said in a statement that the airline would launch a website next week, providing information on routes and fare schedules, as well as allowing tickets to be bought using credit/debit cards.(Read Full Article)
Economic growth across Africa is increasing demand for business travel across the region, with African carriers cutting cross-continental routes to make way for more flights to cities in Kenya, Nigeria and Ghana. According to travel management company Hogg Robinson Group (HRG) demand is particularly strong in countries other than South Africa,(Read Full Article)
Managing business travel spend is becoming increasingly challenging due to the multiplication in fare types on top of new airline ancillary fees and credit card booking charges. This means that buying business travel, whether as a business traveller, in-house travel manager or external travel agent is becoming more complex.(Read Full Article)
As the name implies, a commercial One Card program brings a mix of purchase types together within one program. An organization can provide one piece of plastic to an employee, allowing P-Card-like purchases (i.e., goods/services), travel and entertainment …(Read Full Article)
- Business travel managers and purchasers are moving away from negotiated corporate deals in favour of spot buying, even though the purchasing process is becoming more professional. (Read Full Article)
Formerly strong growth in first class and business class air travel between Africa and Europe, the Far East and Middle East dipped over the year to December, according to the latest International Air Transport Association survey but it rose within Africa, due to strong economic growth in several countries, and between Africa and the southwest Pacific area. Premium travel fell by 7.9 percent between Africa and the Far East, by 5.7 percent between Africa and the Middle East and by 4.8 percent between Africa and Europe.(Read Full Article)
"Make sure you are not paying for limo transfers that aren't needed and breakfasts that aren't eaten," Sarah Makings, KPMG's European category manager.(Read Full Article)
Delegates at the Business Travel Show in London were told Asia's hotel prices will rise dramatically in 2012, particularly in Hong Kong and Singapore.(Read Full Article)
- The deal, struck with airlines and law firms, is available to all agencies in the public sector including up to 2,500 schools. Announcing the deal this week, minister for economic development Steven Joyce, said it showed the power of the whole government when contracting services. “We’ve shaved an average of 18 per cent off the $100 million [£49 million] annual external legal services bill, a great result,” he said. The legal services contract covers a panel of law firms that are large, medium and small. The government said robust monitoring will for the first time enable agencies to ... (Read Full Article)
- More than three-quarters of travel buyers want the state to do more over the transparency of ancillary charges. Some 77 per cent of the 82 business travel purchasers in the UK & Ireland who responded to a survey by the Institute of Travel & Meetings (ITM), said the government is not doing enough to address the transparency issues facing buyers who pay for hidden ancillary charges on top of flight fares offered by airlines. An increasing number of airlines are now splitting up fares, with charges for items such as baggage and other items falling outside traditional business travel systems. “These results ... (Read Full Article)