The hotel RFP season is a thing of the past. To get the most from what your company spends on hotels, take a year-round approach to program management, advises Advito’s Steve Peterman in a recent Out Front blog.
That strategy lets travel buyers:
- Mine data in near real time
- Constantly search for opportunities to improve hotel programs
- Take action long before sourcing season comes along
The result? A better understanding of where travelers stay, what they spend and—ultimately—how your company can improve trip experiences while saving, too.
With this Dynamic Performance Management™ approach, travel buyers gain the ability to manage according to actual market conditions, writes Peterman, vice president and principal of the business travel consultancy. They also tap into key insights and decisions to guide hotel negotiations and learn when and how to chase negotiated hotel rates.
Advito’s Breakthrough Savings calculator allows you to estimate your potential savings with a year-round hotel spend management strategy. Want to know more? Watch a replay of Advito’s webinar, “Dynamic Performance Management: The Missing and Most Valuable Piece in Hotel Sourcing.”
Find out why 69% of corporate travel managers aren’t happy with traditional hotel sourcing methods.
