Industry leaders share vital data in whitepaper, upcoming web cast
SOUTHLAKE, TX – June 10, 2008 – Travel industry leaders Sabre Travel Network and PhoCusWright announced the availability of new research discussing strategies and tactics to optimize travel procurement. The findings of the study are presented in a whitepaper, Best Practices in Travel Business Intelligence, which is based on two years of interviews with business travel managers and buyers, as well as detailed reviews of travel data management systems from travel management companies, global distribution system (GDS) providers and third-party developers.
The need for quality business travel data is particularly important today as the managed travel industry absorbs the impact of skyrocketing energy costs on air carriers. The good news for travel managers and procurement professionals is that new capabilities for capturing data have emerged. New data mining tactics can be the foundation for an effective managed travel program, giving managers avenues to best leverage vast stores of information. Best Practices in Travel Business Intelligence provides insights on just how some how of the world’s most successful travel programs are doing just that – turning data into action that can have bottom line results.
Insights in the whitepaper include:
• By distributing travel business intelligence throughout the enterprise, travel managers now act as facilitators of information rather than enforcers of policy.
• To drive greater compliance, scorecards contrasting different corporate divisions are created to highlight missed savings opportunities.
• Standardizing with a common GDS reservation platform and one corporate booking tool is a best practice enabling the collection of information on a global basis.
• Near real-time delivery of GDS information into travel business intelligence systems augments the traditional flow of GDS information into agency back-office systems.
• An emerging best practice is to receive an electronic feed from major suppliers to identify potential gaps between supplier and TMC data sources before renegotiation.
Best Practices in Travel Business Intelligence is now available at www.sabretravelnetwork.com/bestpractices/intelligence.
In addition to the free white paper, PhoCusWright analyst Norm Rose will lead a web cast on Tues., June 17 at 4 p.m. EST. The web cast will also feature Sabre business intelligence specialist Diane Lee. Online registration (available at the same link above) closes Mon., June 16.
About Sabre Travel Network
Sabre Travel Network, a Sabre Holdings company, provides the most comprehensive end-to-end solutions for corporate and leisure travel. The Sabre GDS is the foundation for these solutions, providing a ready-built efficient marketplace that connects travel suppliers, including hundreds of airlines and thousands of hotels, with more than 55,000 travel agency locations. Currently, Sabre collectively handles over 70 percent of the BTN 100 bookings.
Key brands of Sabre Travel Network include GetThere, for corporate travel reservation technology; Nexion, a host agency; SynXis, for hotel reservation management, distribution and technology services; E-site marketing, specializing in online business solutions exclusively for the hospitality industry TRAMS, mid- and back-office solutions and marketing services for travel agencies; and TRAMS Marketing Alliance (TMA), a marketing promotions services for leisure travel agencies. Sabre Travel Network also markets TripTailor Vacations, a travel wholesaler providing dynamic packaging for the travel agency marketplace.
Sabre Holdings connects people with the world’s greatest travel possibilities by 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.