Fiscal 2024 Result and Outlook Reveal Lower Earnings Base for Corporate Travel

A firm uses external travel management services when its own travel activities become too complex and time-consuming to organize, co-ordinate and track, not to mention the compliance and governance issues that must be managed. A corporate travel management company can handle all these activities. In the current postpandemic environment, it can also incorporate regulatory health and safety information into its technology platform with the aim of increasing traveler and business confidence. All this allows a corporate client to focus on its core business, while benefiting from travel cost savings via a travel management company’s scale, geographical spread and technological capability.