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Published on : Wednesday, July 15, 2015
Technology is an integral part of a Travel Manager’s role and will become increasingly more important in the future as travel managers seek to take a more strategic position within their organizations. This is according to a new study by the GBTA Foundation, the education and research arm of the Global Business Travel Association (GBTA), sponsored by Sabre®. Travel managers report that mobility, virtual payments and data are helping to transform their roles and responsibilities.
The study, Travel Manager 2020, surveyed more than 230 travel managers to better understand their key responsibilities, how technology has changed their role today and, how technology is expected to further change their role in the future. Sixty-one percent of Travel Managers currently think that evaluating and applying technology solutions is “very important” to their role and 75 percent expect it to be “very important” in the near future.
“Technology is going to become increasingly important for travel managers, as they seek to expand their role and further demonstrate the value that they bring to their organization,” said GBTA Vice President of Research Joseph Bates. “This study builds on a similar study we conducted last year, finding that by 2019, technology is expected to fully transform the role of travel managers.”
A large majority – 86 percent – of Travel Managers involved in the study reported having responsibilities related to selecting or implementing technology, such as online booking tools, mobile solutions or other travel technology software. Due to technological advances, the vast majority (84 percent) of Travel Managers foresee their role becoming more strategic in the next three to five years than it is today with mobile technology, virtual payments and data collection and analysis all predicted to be a much higher priority in the near future.
Travel Managers also report that they place a great deal of value on having accurate, holistic travel data, which helps them to more easily demonstrate the value their program brings to the company. Seventy percent of Travel Managers currently say they consider leveraging and analyzing travel data to be “very important,” while a larger proportion – 82 percent – say it will be “very important” in the near future. Travel Managers commonly use data for contract negotiations with suppliers, monitoring compliance and identifying hard dollar savings. These three activities were also highlighted as some of the most time consuming aspects of their roles and could potentially have the greatest potential for direct impact with the use of better data.
“We were very excited to partner with GBTA on this research. This is an important topic within the industry and builds on our research project last year,” stated Yannis Karmis, Vice President of Corporate Solutions at Sabre. “We are committed to helping travel managers be successful in their roles and are making investments in our technology to not only help them today but as their role continues to evolve.”
Additional highlights from the report include: