Get Started

Resources

Tools and publications for smarter travel management.

close_icon.svg

Travel Managers Officer Hours: Avoiding Costly Hotel Rate Mistakes After Your RFP

An unfortunate fact of the hotel RFP process is that little action is taken afterward to ensure the new rates are actually implemented and remain implemented. Neglecting to monitor corporate travel spend (with a specific focus on auditing negotiated rates) prevents many buyers from achieving their savings objectives from the entire RFP process. Smart Hotel Rate estimates that $14 billion is wasted each year due to incorrect rates. All corporate buyers and hotel suppliers want to have a relationship built on transparency and trust when it comes to rates.

The solution to achieving a strong relationship with hotel suppliers requires:

  • Access to all booking data including non-agency purchases
  • Automatic auditing against negotiated rates
  • Communication to key people to quickly correct rate mistakes

In December 2021, we held a Traxo Travel Managers Office Hours webinar focused on how to avoid costly hotel rate mistakes after your RFP with PPD's Global Head of Travel, Jennifer Steinke, and Smart Hotel Rate's Head of Business Development, Michael Jacques.

Watch the "Travel Managers Office Hours: Avoiding Costly Hotel Rate Mistakes After Your RFP"  webinar recording to:

  • Have a clear understanding of how SHR supports the RFP process
  • Learn how SHR automatically audits negotiated and dynamic rates to realize program savings goals
  • Understand how Traxo provides captures all hotel bookings from both TMC and non-TMC sources and why this matters post-RFP
  • See the benefits of using both Traxo and SHR together to audit all of your hotel bookings and proactively correct rate problems

 

To learn more about price assurance strategies, including supplier negotiations, rate auditing and re-shopping, download your free copy of Traxo's price assurance eBook below!

Download the price assurance eBook.

traxo price assurance ebook thumbnail

NEXT

Ebooks

Price Assurance: Supplier Negotiations, Rate Auditing & Re-Shopping [eBook]

Price assurance — which spans supplier negotiations, rate auditing and re-shopping — is a priority for all travel management teams. However, crafting an effective price assurance strategy can feel overwhelming. That's why we developed this price assurance eBook, which summarizes our three-part price assurance webinar series and provides a path

Whitepapers

Travel Risk Management: Are You Ready for ISO 31030? [Whitepaper]

Recently, leaders from Global Secure Accreditation (GSA), International SOS, Traxo, and ZS Associates, came together to discuss ISO 31030—a first-of-its-kind travel risk management security and safety standard. All of the participating organizations regard ISO 31030 as critical to ensuring complete duty of care for business travelers worldwide.

Traxo for Traveler Safety

At this point in the pandemic, duty of care's priority rank within travel programs has been solidified — and it sits right at the top. Now, gaps in travel itineraries are completely unacceptable, as travel managers must be able to locate business travelers at any moment. That's why complete travel data is paramount to ensuring traveler safety.

Traxo for Program Savings

Travel programs present countless opportunities for savings, but only to travel managers who can access all of their booking data. Since so much leakage goes unmanaged, it can be difficult for travel managers to execute effective, volume-based supplier negotiations or thoughtfully update policies to capitalize on savings available through various

Traxo for Program Compliance

Managing travel program compliance has been a travel management headache for decades.Between leakage, rogue employees, and often-misunderstood policies, some non-compliance is inevitable. However, accessing a complete view of your travel bookings from TMC and non-TMC sources — before travel occurscan help travel managers identify and correct

Duty of Care: Data Readiness Checklist

Let's talk about something that we in the corporate travel business are all VERY excited for – getting BACK to work. In order for travel teams (and traveling employees) to feel comfortable getting employees back on the road, companies need to ensure comprehensive duty of care coverage. We've developed a 'Data Readiness Checklist' to assist travel

Ebooks

Price Assurance: Supplier Negotiations, Rate Auditing & Re-Shopping [eBook]

Price assurance — which spans supplier negotiations, rate auditing and re-shopping — is a priority for all travel management teams. However, crafting an effective price assurance strategy can feel overwhelming. That's why we developed this price assurance eBook, which summarizes our three-part price assurance webinar series and provides a path

Get the latest from Traxo

Corporate travel management is a dynamic field. Join our mailing list to keep abreast of the latest news on Traxo products and key industry insights.