Business Travel News Page 4
Corporates keen to hit the road again: FCm survey
A recent industry survey shows that during the next 12 months the majority of companies intend to increase or consolidate their spend on corporate travel.
Eurostar sales show signs of recovery
Eurostar has announced its Q3 2009 results which report a recovery in sales and “some signs of an upturn in business travel”. Sale and revenues for the year to date are down slightly and the business travel environment remains “challenging” but overall sales revenue in Q3 2009 is up 6.8% on the same period last year.
Business travel to pick up in a year
The business travel sector will pick up towards the end of 2010, the head of the world’s largest business travel association has predicted. Kevin Maguire, chairman of the National Business Travel Association said “the end of 2010/ Q1 2011”, was the earliest travel management companies could expect to see a return to growth. However, the effects of the global recession have led to a paradigm shift in the way we travel – and will not return to the way it was.
Studies show clear benefits of business travel
Two important travel industry studies have shown that deep cuts in travel can harm a company’s bottom line. Oxford Economics, in a study released this week found that each dollar spent on travel by a U.S. company can expect an average profit boost of $3.80. Meanwhile, a study from IHS Global Insight estimates that U.S. companies could miss out on $193 billion in profit for 2009 because they cut too deeply into business travel.
Extensity Ships Next Generation Business Travel Solution
Extensity, Inc. today announced Extensity? Business Travel Application, a next generation business travel management system that improves processes and delivers dramatic savings by cutting costs. The company is also announcing Extensity Travel Plans, a Web-based enterprise application that automates the travel planning and approval process, and Extensity Expense Reports 3.0, a major upgrade adding full Euro support, a new system administration tool and an enhanced GUI. Close integration between Extensity Travel Plans and Extensity Expense Reports, combined with partnerships with leading travel booking providers, make up Extensity Business Travel Application. The Extensity Express? Guaranteed Implementation Plan guarantees complete implementation for either product within 90 days; customers implementing both Extensity Travel Plans and Extensity Expense Reports are guaranteed complete implementation within 120 days.
Extensity Selected for Showcase of Leading-Edge Business and Travel Technology
Extensity, Inc. today announced that it had been selected to participate in The Continuum(sm), a research and development laboratory designed to showcase the future of business travel, telecommunications, and related technology. Established by Rosenbluth International, the travel management company with the second largest presence worldwide, The Continuum is a collaborative, interdisciplinary project bringing together leading-edge travel-related companies to generate new ideas and research integrated business solutions. Extensityç Expense Reports, a 100% Web-based travel and expense reporting solution, uses Web technology to provide CFOs with highly efficient travel expense management and reporting within a streamlined 90-day implementation timeframe.