Wednesday, November 30, 2011

Hotel Rates Continue to Increase Worldwide

Despite positive growth within the business travel industry, hotel rates have continued to climb higher over the last year.  Check out these numbers, and see where the greatest increases have taken place. http://bit.ly/rVDFIN

What do these numbers suggest about the regions mentioned?

Monday, November 28, 2011

Business Travel Fuels Growth

Despite less than favorable economic conditions throughout Europe, an increase in business travel has aided overall global growth http://bit.ly/sG7ncy.

Monday, November 21, 2011

Orbitz Worldwide to Partner with AOL Travel



After more than a decade of partnership, AOL Travel decided to replace Travelocity as its reservations engine. The company turned its attention to Orbitz Worldwide and signed a multiyear agreement making them the primary travel brand of AOL.
Beginning next year, AOL Travel visitors will see AOL brands published by Orbitz. In addition, they will now be able to book car rentals, hotels, vacation packages, air and cruises through Orbitz.com.  The partnership will be a harmonious one as the two companies will symbiotically benefit from each other.

 

Orbitz and AOL partnership

Barney Harford, CEO of Orbitz announced that the editorial content will further give consumers better options and make better decisions for their travel plans.
Furthermore, Harford strongly believed that their “superior customer experience” is what made Orbitz won the business with AOL Travel.  Orbitz also has this various price assurance products wherein they will mail refund checks to consumers if the rate or fare prices drop prior to departure or hotel stays.
AOL Travel has been considered as a one stop shop for travel news, research, purchasing and inspiration from across the globe. To remain on top, they saw the need for them to partner with a top of the class travel booking site.
Jared Smith, general manager of travel for Huffington Post Media Group cited that the “reliability, breadth and quality” of Orbitz.com made them the ideal partner for business growth.

 

Orbitz dominates

Orbitz hasn’t stopped their business venture as they also snatched Travelocity’s deal with American Express. They will now be the private label provider for American Express Consumer Travel site starting mid 2012.
The loss has been considered as one of the biggest for Travelocity. Sam Gilliland, CEO of Sabre which owns Travelocity conceded that the loss of American Express was a great one but that of AOL was something that “didn’t trouble him that much.”
 

Business Travel Rises in October

Despite economic instability, business travel has continued to rise through October.  How much longer will this trend continue to last? http://lat.ms/rqFShF

Thursday, November 17, 2011

Travel Questions Answered

Monday, November 14, 2011

Wednesday, November 9, 2011

ExpenseAnywhere Releases Budgeting and Auditing Modules as Part of Travel and Expense Management Automation Solution

Giving greater span and depth of control to company auditors and budgeting managers

November 9, 2011 - ExpenseAnywhere announced the release of two new modules for 1) Budgeting and 2) Auditing with its ExpenseAnywhere-Enterprise software for corporate travel and expense management automation. These two modules are designed to empower clients to better control and monitor their corporate spending against pre-set budgets and policies.

The Budgeting Module allows corporate CFO's and cost center managers to easily set and assign travel and expense budgets with varying degrees of granularity across their organization, by employees or expense accounts. Once established, ExpenseAnywhere automatically tracks employee spend, actual vs. budgeted, and keeps employees and cost center managers informed of spending patterns and performances. The ExpenseAnywhere "Expense-O-Meter" keeps employees and their supervisors informed in real-time with automatic notifications to budget directors. The Budgeting module provides a powerful tool for managers to analyze their travel budgets and proactively manage and control their travel-related expenses.

The Auditing Module provides auditors with an enhanced ability to set audits and auditing controls. Auditors can set random audits by employees or organizational hierarchy, select a random percentage of expense reports for audit, trigger an audit on users who frequently submit expense reports that are not in conformance with company policies, etc. The Auditing module provides companies with the ability to seamlessly conform to SOX and other regulatory and company compliances necessary to further mitigate risk and fraud.

As part of a highly intuitive travel and expense management system, ExpenseAnywhere's newest modules are just as easy to use and can help companies realize even greater ROI. New customers will find them as an integrated section of their ExpenseAnywhere solution, while current customers will enjoy how the new modules seamlessly integrate with their current platform and are easily accessed through their usual login.

Giving customers increased span and depth of control with new and broadening modules is part of ExpenseAnywhere's mission to provide the best T&E solution possible.

http://www.expenseanywhere.com/news/budgeting_module.aspx