Travel consolidation, more effective company policies and opportunities for greater savings and value will be key trends dominating India's corporate travel sector during 2009, according to FCm Travel Solutions. Based on recent client activity, FCm predicts the next 12 months will see companies increasingly turn to Travel Management Consultancies (TMCs) and consolidation strategies to achieve cost reductions.
Rahul Nath, Managing Director India, FCm said, “Clients are primarily focused on increasing the value of their travel spend. Companies are recognising that the only way to achieve savings is with strategic direction from a consultancy that has the industry insight, the supplier relationships, and the commercial focus to drive efficiencies.”
There is now more consolidation of travel bookings through one TMC to achieve tighter policy control. Companies are also working with their travel consultancies to negotiate better volume-based rates with fewer suppliers, and using reporting and data to keep their own travel performance in check. |