According to industry research, corporations spend as much as 50% of their total travel expenditure on hotels alone, most of it unmanaged, as management of this particular expense is complex and often difficult. However, this can be rectified easily and the cost reduced by as much as 23% with Hotel Expense Management services by Jetways Travels.
According to statistics portal, statista.com, there were over 13.44 million branded hotel rooms as of February 2012. For all of these, there are over 250, 000 suppliers whom corporations can contact for special contracts and negotiations.
However, pricing decisions in the accommodation industry is dependent on the number of nights booked per annum in an individual property (not even a chain). In addition, the fewer suppliers you use and higher the concentration of bookings per supplier, greater is the discount you avail as high volumes of bookings per year in a city get you larger discounts.
This is in contradiction to airfares, which are managed with negotiations with airlines for discounts on volume bookings and in the instance of smaller organizations with the aid of online booking tools, which display a wide range of airfares for all airlines.
As the Travel Management Company for multiple corporations and multinationals, Jetways Travels is at a distinct advantage in this case as it is able to negotiate for very high volume bookings and hence gets maximum discounted rates for both domestic and international hotels. At the same time, it also keeps a look out for dynamic pricing rates during off-seasons, which often are lower than discounted rates, thereby providing its clients with least possible rates all-round the year.
Furthermore, our extensive database of hotels across the world ensures higher level of compliances for your travel program. This in turn, enables corporations to minimize the diversity of booking channels for hotels and ensures greater traceability of your employees, a requisite for fulfilling Duty of Care responsibilities, especially in the case of untoward events.