Next year will mark the 20th anniversary of the dawn of modern travel management.
Our industry responded well. It developed a core set of best practices. Online booking technology and Prism’s airline contract management tool accelerated the importance of having an effective travel policy.
Consolidation of TMCs, use of procurement techniques, improved data reporting, duty of care – all these and more are now well-known hallmarks of managing a corporate travel program.
We’ve learned how to add value. The body of knowledge is solid, stable, strong. The castles of best practices have been built.
But castles have limits. They are neither mobile nor flexible. They aren’t suited for exploration and discovery. After 20 years, we need explorers willing to chart new courses, to explore new frontiers.
It’s time to search beyond the diminishing returns of Managed Travel 1.0. Continue reading