SOUTHLAKE, Texas--(BUSINESS WIRE)--May 2, 2005-- Findings Also Reveal Increased Awareness Among Financial Executives About Travel Cost Savings Opportunities
Eighty-five percent of financial executives surveyed in January
2005 feel their companies will spend more or the same on corporate
travel in the coming year, according to a recent business travel
survey. The findings are from an independent survey conducted for the
Association of Corporate Travel Executives (ACTE), an organization
dedicated to the science of business travel management, and
GetThere(R) and Travelocity Business(SM), leading providers of
corporate travel solutions and part of Sabre Holdings. Survey results
also reveal that more financial executives are starting to base travel
budgets on a company’s expected sales, revenue and marketing goals,
which may reflect the overall increasing health of the economy.
While business travel appears to be on the rise, corporate
responsibility for employee safety still weighs heavy on the minds of
senior management. Ninety-one percent of financial executives indicate
moderate to high concerns about the safety of travelers, while
eighty-six percent are concerned with the ability to track, locate and
communicate with employees on the road. Sixty percent of respondents
also share moderate to high concerns about the impact that financial
problems suffered by major airlines could have on their businesses.
“The good news is that corporations are not letting security
issues impede their ability to conduct more business travel this year,
but company concerns about traveler safety still need to be
addressed,” said ACTE President Greeley Koch. “ACTE is dedicated to
working as an advocate on behalf of corporations to ensure these
issues are given attention within the business travel community.”
Survey data also shows an increased understanding among financial
executives about how travel expenditures impact the company’s bottom
line. Respondents indicate they are less surprised at how much
corporate online booking tools rose among respondents this year, with
forty-four percent of executives using online booking to reduce travel
costs, up from thirty-one percent in 2003. More than three quarters of
financial executives also believe that new online corporate travel
agencies could provide new cost savings opportunities.
“From a technology standpoint, the survey results reinforce that
financial executives have greater awareness of how technology is
giving them a clearer picture of how travel dollars are spent, helping
them manage costs more effectively,” said Ellen Keszler, president of
Sabre Holdings Corporate Solutions. “It also shows that companies
continue to embrace online booking as a way to automate travel
reservations because of the positive impact it can have to the bottom
Additional Findings -- More than seventy percent of financial executives feel their companies have an accurate way of tracking travel expenditures, compared to fifty-six percent in September 2003. -- Nearly seventy percent of executives surveyed stated that their companies "use technology well to plan and manage corporate travel" compared to fifty-six percent in September 2003. -- Sixty-eight percent of companies that use online booking believe they have experienced significant cost savings as a result. -- Of the companies that use online booking tools, eighty-one percent require the use of online booking for some or all business trips, in the form of full or partial mandates. For more CFO survey findings, go to: http://www.getthere.com/documents/CFO_Survey_Data_Deck.ppt.
The proprietary survey was conducted from January 10 – 26, 2005
for ACTE (Association of Corporate Travel Executives), GetThere and
Travelocity Business, leading providers of corporate travel solutions
and part of Sabre Holdings. Results are based on a poll of
BusinessWeek subscribers and were limited to senior executives with
financial and procurement responsibilities (CFOs, senior VPs,
executive VPs and presidents) that work for companies with more than
1,000 employees. A total of 374 online surveys were completed on a
secure Web site, managed by InsightExpress, Inc., an independent
market research firm. Two previous surveys were conducted using the
same methodology in March 2002 and September 2003 for GetThere and
The Association of Corporate Travel Executives was founded in 1988
as the education and research resource for the global business travel
industry. ACTE conducts three international conferences, plus more
than 60 executive forums, PowerTalks, and webcasts annually. With
2,500 members in 37 countries, the association is best known for its
studies, position statements, and industry wide surveys.
GetThere is the world’s leading online corporate travel
reservation technology. GetThere enables global corporations and
government agencies to provide a convenient way for employees to book
travel and plan meetings while significantly reducing costs.
GetThere’s advanced technology works with all major global
distribution systems (GDS) and all travel management companies. More
than 3,000 corporations, including 60 percent of the Fortune 200
companies that have online booking sites, use GetThere. More
information is available at www.getthere.com.
Sabre Holdings Corporation (NYSE:TSG) is a world leader in travel
commerce, retailing travel products and providing distribution and
technology solutions for the travel industry. More information about
Sabre Holdings is available at http://www.sabre-holdings.com.
About Travelocity Business
Travelocity Business is a full-service corporate travel agency
that helps companies easily manage travel and reduce costs, while
providing more choices to travelers. Travelocity Business combines the
savings and convenience of online with the full service of dedicated
agents available 24/7 who typically answer the phone in 20 seconds,
and within 60 seconds guaranteed (see site for guarantee details).
Companies can cut travel costs through flight deals, Web fares, hotel
discounts and service fee savings — representing an average savings
of more than $100 per trip, including airfare savings averaging 26
percent per ticket and service fee savings of up to 84 percent (see
site for savings details).
Travelocity Business combines the expertise, service and travel
choices of Travelocity with corporate experience gained from serving
more than half of the Fortune 200 companies. For more information,
companies can visit www.travelocitybusiness.com.
CONTACT: Vollmer Public Relations Mary Kate Smither, 972-488-4790 email@example.com or Kristi Manning, 972-488-4790 firstname.lastname@example.org SOURCE: GetThere