New Research Suggests Efforts to Improve Employee Well-Being May Also Increase Travel Policy Compliance
Traveler Well-Being is an Important Consideration When Developing Travel Polices
The GBTA Foundation released a new study in partnership with Best Western Hotels & Resorts today that explored the Hotel RFP process from the eyes of a travel manager. A large majority (87 percent) of the travel managers interviewed have some level of involvement with the Hotel RFP process, while 56 percent say they rely somewhat or a lot on a TMC to conduct the RFP process.
Globally, 86 percent of travel managers audit their negotiated hotel contract information, including rates, amenities and other negotiated features, once it is loaded into the system to verify its accuracy. However only a minority checks on their rates frequently, with six percent auditing monthly and three percent on a weekly basis.
Using first quarter ticketing data from the Airlines Reporting Corp. (ARC), publicly available travel data and GBTAs economic research and models, GBTA developed an uncertainty forecast for 2017 showing the impact this mounting geopolitical uncertainty is having on the economy. There is no question that uncertainty is bad for business travel and bad for the global economy.