The MacNair Travel Leadership Blog

How Will this Year’s Travel Trends Impact Your Business?

Posted by Mike MacNair on Feb 16, 2017 12:00:00 PM

The overall state of business travel is often considered to be a strong indicator of the overall health of the U.S. economy. Two of the leading causes that slowed business travel in 2016 — the U.S. presidential election and the British vote to leave the European Union – are resolved, leaving the outlook for 2017 particularly promising.

According to a poll of 63 travel managers conducted in the fourth quarter of 2016, a rise in overall travel and air spending, as well as an increase in the number of trips and air transactions is expected.

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Topics: business travel, Travel Trends

Managed Travel Program Trends for 2017

Posted by Mike MacNair on Dec 22, 2016 12:00:00 PM

As a travel manager, you are likely pulled in multiple directions as you handle various aspects of the travel program that impact your travelers, finance team and organization writ large. While this may not be anything new, some of the trends expected in managed travel for 2017 are, and will continue to modernize the face of business travel.

While travel costs look like they will remain flat or only slightly increase in 2017, the election could prove positive for the economy. Being ready to take advantage of an uptick in business could be vital to a successful managed travel program in the upcoming year.

Here are some business travel trends to watch for as 2017 quickly approaches:

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Topics: Travel Trends

4 Systemic Corporate Travel Trends You Can’t Ignore

Posted by Mike MacNair on Jun 9, 2016 12:00:00 PM

The small and medium sized enterprise (SME) is finding that corporate travel is essential for the success of their business. Making the conscious choice to make travel a driver for growth is critical to remaining competitive and relevant in today’s global economy. As the person who manages the T&E budget within your company, it’s imperative that you take a proactive approach to managing your T&E line item – the second largest controllable expense within your business’ budget.

Fortunately, the travel industry and corporate travel trends are making the travel management process more cost effective, easier for finance and offers other staff the ability to provide unprecedented support for your road warriors. As you review the following travel industry trends that can positively impact your business (and your bottom line), understand and assess how they are applied within your travel program, and then incorporate them into your corporate travel policy where necessary.

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Topics: Travel Management, Travel Trends

What Flat Airfares Mean for Your Travel Program

Posted by Mike MacNair on May 12, 2016 12:00:00 PM

Corporate business travel is an important part of a globally relevant SME’s strategic plan. To remain competitive in this real-time, instantly connected work environment, businesses must seriously consider the benefits and risks associated with travel, and make decisions that create successful outcomes for their company. When budgeting with $5M or less for your corporate travel program, it’s vital to look forward and understand how projected travel trends will impact your SME’s bottom line.

The Business Travel News (BTN) forecast states that airfares will remain relatively flat in 2016, pending continued stable oil prices, which means good news for your corporate travel program. As the second largest controllable expense within your travel and entertainment (T&E) budget, relatively consistent airfare prices means increased control and visibility into your overall corporate travel budget and in fact, provide additional opportunities for cost savings.

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Topics: Travel Trends

What Hotel Rate Increases Mean for Your Travel Program

Posted by Mike MacNair on Apr 28, 2016 12:00:00 PM

When it comes to corporate business travel, securing hotel rooms for your traveling employees is as important as booking the right flight. Access to clients or customers, the availability of good restaurants and additional hotel amenities all need to be taken into consideration to ensure your road warriors are satisfied and able to get their work done while they travel.

The latest information from the Global Business Travel Association (GBTA) and Business Travel Network (BTN) states that hotel rates are on the rise in 2016. In North America, prices are expected to increase about 4.3%, the largest increase compared to the other global region projections noted. Increased demand with limited supply is the biggest contributor to the rate increases, and hotels will continue to maximize ancillary fees and develop more stringent cancellation policies.

Armed with this information, SME’s need to consider what opportunities and possible challenges exist for the corporate travel program. As you consider your travel and entertainment (T&E) budget for the rest of this year, take a closer look at the following items, determine how they may impact your bottom line, and what opportunities exist to create more cost savings and overall budget predictability.

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Topics: business travel, Travel Trends

Uber vs. Lyft: Which is Best for Your Corporate Travel Program?

Posted by Mike MacNair on Mar 22, 2016 12:00:00 PM

The era of the sharing economy is upon us, presenting a myriad of choices for everyone, but especially travelers. Web sites like Airbnb have dramatically changed how consumers look for places to stay while travelling; ridesharing services like Uber and Lyft have transformed the speed by which people get from one place to the next.

Businesses are also being impacted by these services, specifically Uber and Lyft. At first virtually ignored by businesses versus the traditional car services including taxi and rental car companies, ridesharing services are staking their claim with corporate business travelers, expanding their consumer-driven services through the launch of Uber for Business and Lyft for Work for business travelers.

Download this workbook to learn how to create an effective travel policy that  supports the needs of your SME and the demands of your travelers in the sharing  economy. 

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Topics: Corporate Travel, Travel Management, business travel, travel policy, Travel Trends, sharing economy, ridesharing