Corporate travel management

Corporate travel management

Travel management or corporate travel management (CTM) is the function of managing a company’s strategic approach to travel (travel policy), the negotiations with all vendors, day-today operation of the corporate travel program, traveller safety & security, credit-card management and T&E data management. CTM should not be confused with the work of a traditional Travel Agency. While agencies provide the day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in policy. In other words CTM decides on the class of service that employees are allowed to fly, negotiate corporate fares/rates with airlines and hotels as well as set forth the use of the corporate credit card. The agency on the other hand makes the actual reservation within the parameters given by the corporation.

For most companies “travel & expenses” (T&E) costs represent the second highest controllable annual expense, exceeded only by salary & benefits, and is commonly higher than IT and/or real estate costs. T&E costs are not only limited to travel (airline, rail, hotel, car rental, ferry/boat, etc.) but include all costs incurred during travel such as staff & client meals, taxi fares, gratuities, client gifts, supplies (office supplies and/or services), etc. Furthermore this area often included meeting management, traveller safety & security as well as credit card and overall travel data management.

The management of these costs are usually handled by the Corporate Travel Manager, a function that can be part of the Finance, HR, Procurement or Administrative Services Department. As this function touches on all of these areas in some form and represents such a major corporate expense, it stand to reason that this function should have equal ranking within a corporation as any other major division and not be seen as a sub-set of existing departments.


Travel Management (Trade) Organizations


Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Travel-Management — Mit Travel Management oder auch Business Travel Management bezeichnen Unternehmen neben der Buchung und Organisation von Geschäftsreisen den kompletten Verlauf des Reisebuchungs und Abrechnungsprozesses. Somit ist Travel Management die Analyse,… …   Deutsch Wikipedia

  • Business-Travel-Management — Mit Travel Management oder auch Business Travel Management bezeichnen Unternehmen neben der Buchung und Organisation von Geschäftsreisen den kompletten Verlauf des Reisebuchungs und Abrechnungsprozesses. Somit ist Travel Management die Analyse,… …   Deutsch Wikipedia

  • Business travel management — Mit Travel Management oder auch Business Travel Management bezeichnen Unternehmen neben der Buchung und Organisation von Geschäftsreisen den kompletten Verlauf des Reisebuchungs und Abrechnungsprozesses. Somit ist Travel Management die Analyse,… …   Deutsch Wikipedia

  • Association of Corporate Travel Executives — The Association of Corporate Travel Executives (ACTE) is a not for profit professional association of business travel stakeholders throughout the world. The ACTE purpose is to advance the interests of the business travel industry, to promote… …   Wikipedia

  • Corporate security — identifies and effectively mitigates or manages, at an early stage, any developments that may threaten the resilience and continued survival of a corporation. It is a corporate function that oversees and manages the close coordination of all… …   Wikipedia

  • Travel manager — (également appelé Mobility Manager ou encore Responsable Voyages) est une profession dont la mission principale est de gérer les déplacements professionnels des collaborateurs d’une entreprise. Cette fonction est mise en valeur depuis plusieurs… …   Wikipédia en Français

  • Corporate title — Publicly and privately held for profit corporations confer corporate titles or business titles on company officials as a means of identifying their function in the organization. In addition, many non profit organizations, educational institutions …   Wikipedia

  • Corporate identity — Marketing Key concepts Product marketing · Pricing …   Wikipedia

  • Christopherson Business Travel — Industry Travel Founder(s) Merrill Christopherson Lucille Christopherson Headquarters Salt Lake City, Utah, USA …   Wikipedia

  • Corporate communication — is the message issued by a corporate organization, body, or institute to its publics. Publics can be both internal (employees, stakeholders, i.e. share and stock holders) and external (agencies, channel partners, media, government, industry… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”