40% of managed travelers don't always comply with their company's bookings channel policy. Travel reservations made outside the traditional corporate channels have long been a challenge for managed travel programs – and it is only getting worse. Get the facts on open booking and learn how to capture the data of unmanaged travel for more visibility and insight into travel and expense spend.
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Debunk Open Booking Myths: Get the Facts
1. 01 | Open booking is a new problem related to millennials. False.
a. Regardless of generation, open booking (or booking direct with the supplier) has been
happening for years. Modern technology has just made it easier.
a. 40% of managed travelers don’t always comply with their company’s bookings channel policy.
(Source: PhocusWright’s US Business Traveler ~ Managed, Unmanaged, and Rogue 2012 report).
02 | Blind spend only happens with hotel and car rentals. False.
a. Blind spend is the travel spend that is booked outside of traditional corporate channels and is
not visible to the corporation until after the trip is completed.
a. According to IDC, 40-50 % of hotel bookings and 28% of air bookings that are considered blind
spend, or “leak,” out of TMCs and are booked directly with a given supplier. (Source: Concur
Fusion 2014 ~ Transparency and Mobility Now Drive the Perfect Trip).
03 | Business travelers booking outside the traditional channels will violate travel policy
more often. False.
a. In May 2014, The BEAT featured an article by Jay Boehmer; FINRA is Ready for Open Booking.
Is the Industry? The Financial Industry Regulatory Authority, Inc. (FINRA) embarked on an open
booking trial. After one year of piloting the concept with 20 travelers at FINRA—a private
company that serves as an independent regulator of financial securities firms—Carol McDowell
has concluded a few things. Travelers, when allowed to roam outside of gated corporate
booking tools, haven’t abused the system, she said. Also, they didn’t spend more than the rest
of the organization’s travelers, on average and when controlled for access to supplier discounts.
04 | Booking out-of-channel without insight means companies risk facing corporate
legalities, financial and compliance issues. True.
a. “When travelers book out-of-channel, the rising concern is that the lack of visibility and control
over the travel spend could disrupt financial operations, accounting, corporate law and
budgeting.” (Source: International Data Corporation [IDC] Blog Post ~ Impact of Open Booking
Challenges on Corporate Compliance).
Debunk the 7 Myths of Open Booking:
Get the Facts