The sharing economy offers new, innovative accommodation options for travelers. Companies like Airbnb are already well established in the leisure segment and have set their sights on becoming a mainstream source of supply for business travel.
Travel managers now use tools like BCD Travel’s DecisionSource© business intelligence and security solution to get a more comprehensive view of their travel programs and keep track of travellers staying in Airbnb accommodation. They also capture and analyze spend data for Airbnb bookings to enable better, more confident program decisions.
The 2017 Industry Forecast from Advito explores the growing alternative accommodation trend and offers recommendations for travel buyers. The business travel consultancy’s experts note that sharing economy stays won’t fit every corporate travel program’s needs or company culture. But businesses that are comfortable adding alternative accommodation to their mix gain expanded options that can solve problems when hotel rooms are sold out or when travelers go to destinations where a home may be safer than a hotel.
The key to a successful program strategy is travel management company integration of data from alternative accommodation suppliers. Such integration means business travellers can benefit from sharing economy options and still remain in the managed travel environment.
Get more analysis and insights by downloading Advito’s 2017 Industry Forecast. Want to discover how to use the insights to improve your travel program? Talk to your BCD Travel account manager or email Advito at email@example.com.