Less than 20% of all travel is done for business. Prior to the pandemic, there were around 1.3 million business trips each day in the US alone, and these figures are once again rising. Given these statistics, it should come as no surprise that travel managers frequently have trouble with business travel. Travel management companies (TMCs) can help to expedite the procedure in this situation.
Travel management Companies oversee corporate travel services to help customers save money and time. They are experts in locating the best price for your employees who are traveling, saving you the trouble and allowing you and your staff to concentrate on your intended destination.
If not properly handled, business travel may be complicated and costly. Businesses are severely financially impacted by it. When a firm is small, managing business travel on your own is manageable, but as it grows, various issues may occur. Due to this obstacle, companies hire travel management partners to handle these requirements.
Helping businesses maximize their corporate travel is the main goal of the top 10 travel management companies in the USA. They guarantee that travel plans are successful, economical, and in line with business objectives. To make these procedures easier, TMCs frequently offer travel management software.
Travel management Companies may be made much less stressful and expensive by working with a TMC. It is important to take differentiating variables into account when choosing a travel management software. These can include the degree of individualized care, assistance with travel, and capacity to provide thorough reporting.
You may use this advice to choose the best TMC for your demands and budget when it comes to business travel.
America’s leading business travel management Companies
Businesses depend on travel management companies (TMCs) to handle travel logistics in an efficient and cost-effective manner. They offer professional solutions for controlling travel costs, ensuring safety, and adhering to company guidelines.
Regarding excellent business travel management Companies that cater to US-based businesses, you have no shortage of options. Excellent solutions are now available to businesses of all sizes because to the transformation of the travel management Companies industry brought about by the digital age. Our top selections are listed here, along with the instances when Travel Perk really excels.
1.Travel Perk
For every member of your firm, TravelPerk simplifies the process of coordinating business travel. Providing an all-in-one travel booking platform, easy-to-use reporting tools to help you manage your expenditure, integrated travel rules for improved compliance, and live customer assistance around-the-clock, whenever you need it.
Allow us to examine the areas where TravelPerk excels:
- Traveler help is available around-the-clock from Travel Perk’s support agents, who aim to respond within 15 seconds.
- Leading travel inventory in the industry guarantees that you’re getting access to the best prices available.
- With FlexiPerk, you can plan flexible travel and get 80% of your money returned if you need to cancel up to two hours in advance.
- Real-time expense reports: they provide you with more information about how much you spend on travel.
- Green Perk: By funding environmentally friendly projects, you can reduce the carbon footprint of your business travel.
- Centralized invoicing: to make sure that everything is in one location for convenient budget control by the finance staff.
- Travel Care: keeps your traveling staff members informed about any changes to travel regulations and safe during their trips.
- G2 rating: 4.6 out of 5 stars based on 1,417 reviews.
- Based on 375 reviews, Capterra has a rating of 4.8 out of 5.
TravelPerk is the best option for handling your business travel requirements because it has excellent ratings everywhere.
2. SAP Concur
SAP Concur is a well-known and reputable name in business travel management Companies. The 1993-founded travel management Companies behemoth was purchased by SAP in 2014. Its purported advantages include the following:
- Collaborates with some of the most recognizable brands.
- Simple reporting and tracking for managing spending.
- Numerous interconnected apps, like Airbnb and Uber.
Since the TMC is integrated with SAP, it functions seamlessly with the SAP operating system. Still, there are several places where SAP Concur is a little out of date.
Business travelers can also look at software review sites to evaluate systems; in this case, SAP Concur receives a score of:
- Based on 5,685 reviews, the G2 rating is 4 out of 5.
- Based on 1,746 reviews, Capterra’s rating is 4.3 out of 5.
Reasons for the past year’s migration of SAP Concur clients to TravelPerk
- Amazing UX to deliver a superior experience.
- Greater and improved availability of options for overseas travel.
- VAT recovery allows you to reduce all of your business travel expenses by 20%.
3. Egencia
Business travel Management companies Egencia markets itself as able to assist you in controlling travel risk, promoting the welfare of travelers, and optimizing return on investment for your business travel program. These are their top benefits, in their opinion:
- VAT Refund and recovery.
- Risk management and duty of care.
- Inventory based on the recognizable brands of Expedia Groups.
On the other side, TravelPerk provides a mobile app that is better and simple setup for booking business trips while on the go. Additionally, we feature budget providers, which lowers expenses for our clients.
By comparing the internet review scores of Egencia and TravelPerk, along with numerous other travel management solutions, you can make a comparison. The following information is derived from the leading review sites to assist you in selecting the ideal TMC for your requirements:
- G2 score: 4.4 out of 5, determined by 65,746 reviews.
- 3.9 out of 5, according to 5,149 ratings, on Capterra.
Reasons for the past year’s migration of Egencia clients to TravelPerk:
- Simple cost, no minimum contract, and a freemium model.
- No additional fees for customer support or deployment.
- No unstated costs or additional monthly fees.
- Book any kind of travel—airport, hotel, vehicle, or train—and cancel whenever you’d like with FlexiPerk.
4. AMEX GBT
The US-based worldwide travel and meetings program management Companies American Express Global Business Travel is based in New Jersey. Since 2013, they have offered corporate travel solutions to markets across the globe.
Larger organizations are often served by AMEX GBT’s travel solutions. When deciding which option best suits your needs for business travel, keep this in mind. They provide the following services:
- Direct communication and risk notifications during disruption.
- Pre-negotiated prices and two million possible lodging possibilities.
- Collaboration to increase the effectiveness and value of your travel program.
While it may be tempting for potential travel management clients to work with well-known companies like AMEX, a comparison shows that TravelPerk provides all of this and more.
In the same way, TravelPerk beats AMEX GBT in online reviews when compared to other travel management solutions:
- G2 rating: based on 86 reviews, 4.7 out of 5 stars.
- Capterra rating: no information found.
The following are the reasons why TravelPerk has surpassed AMEX GBT in the last year:
- A massive travel inventory that covers a lot of ground (especially in Europe) and includes flights, lodging, trains, and more.
- Operating at a target response time of 15 seconds for customer service.
- FlexiPerk: 80% of your money refunded if you decide to cancel at any time.
- TravelSafe: providing you with accurate, current, and verified safety information.
Everything at TravelPerk is focused on helping customers locate the finest travel options. We are particularly well-suited to working with SMBs, offering solutions that are customized to meet their unique requirements. With millions of customers worldwide, the biggest business travel companies, like AMEX GBT, provide a less individualized service.
5. BCD Travel
Another well-known name in corporate travel management is BCD Travel, which has its main office in the Netherlands. With locations in 109 nations, it provides travel management solutions to businesses worldwide.
This is a typical corporate travel agency that, based on the size of the customer, provides travel solutions through an agent and online booking tools. BCD Travel regards itself as a top travel agency for the reasons listed below:
- A trio of distinct software solutions designed to assist corporations in organizing their travel plans.
- Access to APIs enabling platform integration to address specific business requirements
- Options for Small and Medium-Sized Enterprises.
Searching internet review sites is not very helpful for our comparison because there are no reviews or ratings available for the BCD Travel on either G2 or Capterra.
- G2 rating: no information found.
- Capterra rating: no information found.
Customers of BCD Travel switched to TravelPerk in the last year for the following reasons:
- 7-star customer service includes a goal of 15 seconds for response times, round-the-clock availability, 365 days a year, and the absence of any bots.
- Booking flexible business trips with FlexiPerk.
- Stylish user interface and simple booking tool.
TravelPerk provides much more than just the fundamentals of travel management Companies. With regard to business travel management, our clients always receive the greatest care available, from the online booking tool to the excellent customer support.
6. Travel Bank
Global corporate cost and business travel provider Travel Bank provides a comprehensive end-to-end travel solution. Since they anticipated that most of their users would be on-the-go business professionals, they started by developing a mobile solution. They state that the following are their main USPs:
- One platform contains travel information, travel expenses, and travel management services.
- Platform that is easy to use.
- Thousands of personal and business cards are supported.
To contrast Travelbank’s corporate travel service with TravelPerk, we can also check out the leading travel review websites. Travelbank uses ratings that come from G2 and Capterra.
- G2 ranking: based on 333,291 ratings, 4.4 out of 5 stars.
- With 225,169 reviews, Capterra has a 4.7 out of 5 rating.
Compared to TravelPerk, TravelBank has less reviews and a lower rating, indicating that more customers think favorably of TravelPerk.
Reasons for the past year’s migration of TravelBank clients to TravelPerk:
- Excellent internal support.
- More availability, which translates to more affordable prices, and reservation options when needed.
- Accelerated development and continued use of user input to improve functionality.
- Delivering trustworthy and validated traveler safety information is what TravelSafe does.
7. CWT
CWT is a reputable, long-standing business travel company with more than 150 years of experience. With more than 140 sites across the globe, it has a global footprint and its corporate travel agents provide a variety of specialized travel consulting services. Among CWT’s notable attributes are:
- Available on mobile and web, with over 2.5 million downloads.
- specialized services for the media and entertainment, energy and resources, and pharmaceutical and biotech industries.
- Superior risk mitigation.
Software review websites are another resource for business travelers to evaluate systems. Here’s how CWT Travel stacks up:
- 3.1 out of 5 stars, based on 7 reviews, for the G2.
- Capterra rating: no information found.
Reasons for the past year’s migration of CWT clients to TravelPerk:
- 7-star customer service includes a goal of 15 seconds for response times, round-the-clock availability, 365 days a year, and the absence of any bots.
- Booking corporate travel is flexible with FlexiPerk.
- Stylish user interface and simple booking tool.
8. FCM Travel
FCM Travel is the corporate travel agency of Flight Centre Travel Group (FCTG), an Australian-based company. Its all-in-one platform, which includes online booking tools and communication channels, provides a consistent travel technology software.
Clients select FCM Travel because of its attributes, which comprise:
- Strong international presence with corporate centers located in important international locations.
- A customized user experience.
- Using creativity to provide adaptable and environmentally friendly travel solutions.
When it comes to online ratings, which are either nonexistent or based on a small number of reviews, TravelPerk prevails over FCM Travel:
- G2 rating: based on 6 reviews, 3.8 out of 5 stars.
- Capterra rating: no information found.
Customers of FCM Travel switched to TravelPerk in the last year for the following reasons:
- A user-friendly platform with numerous options for third-party integration.
- Booking flexible business trips with FlexiPerk.
- Customer support is available around-the-clock with a goal response time of 15 seconds.
- Option for guests to book with you when a member books outside of your company.
9. CTM Travel
CTM Travel, which stands for Corporate Travel Management, is a well-known brand with more than 30 years of expertise in the conventional travel management sector. From corporate event management to leisure travel services, this Travel Management Companies provides a variety of services. Sustainability technology, internet booking, and trip reporting are some of their tools.
Among Travel CTM’s primary attributes are:
- Forecasting of airfare.
- Travel risk management in real time.
- Worldwide group of travel brokers.
Travel CTM trails TravelPerk in reviews despite being a more established player in the market:
- A G2 rating of 1.8 out of 5 stars is based on 2 reviews.
- Capterra rating: no information found.
Reasons for CTM clients that switched to TravelPerk within the last 12 months:
- Leading support with a 15-second target response time.
- An industry-best travel inventory.
- An easy-to-use app for accessing travel schedules and many features.
10. Navan
Navan, originally TripActions, is an online travel and cost management service that was founded in 2015 and provides its users with local language assistance and localized inventory. In addition, this Travel Management Companies provides automatic expenditure management, trip reporting, and round-the-clock service. Among Navan’s strongest points are:
- Online reservation instrument.
- Organizing group travel.
- Design of travel programs.
Business travelers can also consult independent software review sites to assess travel management providers. Let’s examine Navan’s comparison:
- G2 score: 4.7, obtained from 7,571 evaluations.
- 4.6 on Capterra, based on 174 reviews.
Reasons for the past year’s migration of Navan clients to TravelPerk:
- A significantly larger worldwide travel inventory that guarantees access to competitive negotiated rates, including rail travel throughout the EMEA area.
- Easy-to-use self-service booking system.
- While Navan forces you to use their in-house solution, TravelPerk gives you the choice to select any cost management software that works perfectly with the platform.
- Complete fee transparency: only pay for travel when you really travel.
FAQs
What is the world’s largest travel management company?
The biggest travel agencies on the list of top-earning travel corporations are Booking Holdings and Expedia Group, both online travel agents.
What is a travel management company?
In essence, a travel management business serves as a corporate travel agency or travel agent. The advancement of technology is starting to show more. customized Travel Management Companies offerings. offering far more than just the option to make vacation reservations. Travel Management Companies for business travel programs need to be more tech-savvy than ever.
What is the largest travel management companies in North America?
The top five companies on Travel Weekly’s 2023 Power List are Booking Holdings, Expedia Group, American Express Global Business Travel, BCD Travel, CWT, Flight Center, American Express Travel, and Chase Travel Group.
Who is the richest travel company?
Holdings for Bookings
Booking Holdings was the global online travel company with the largest market capitalization as of September 2023. During that same month, Booking Holdings, the biggest online travel agency (OTA) globally in terms of sales, was valued at more than 112.8 billion dollars on the market.
Which company is best for travel?
List of 208039 reviews for travel agencies and tour operators in India
Adventures in One Life. Explore Every Tour…. INTRO Travel. See All Tours…. Tours with Taj. Explore All Tours…. Global Travel Adventures. See All Tours. Happy Holidays. See All Tours…. K K Holidays N Vacations…. Golden Triangle India Tours…. Swastik India Journeys.
How do a travel agency and a travel management Companies differ from one another?
Travel Management Companies concentrate on serving businesses exclusively, assisting in the creation and adherence of corporate travel programs, and locating the best rates for maximum savings. While travel agencies can assist clients in booking corporate travel, they also occasionally offer lower rates through a limited number of vendors.
What are a travel management agency’s five fundamental duties?
The six service areas provided by travel management companies
First, travel administration. This is the primary role that travel companies have always had in organizing business trips: 2) Passenger support; 3) Consulting; 4) Marketing and internal communication; 5) Technology; and 6) Leisure Services.
How big is the travel industry in the US?
In 2022, direct spending on travel amounted to $1.2 TRILLION, generating an economic impact of $2.6 TRILLION, a return to levels seen in 2019. In 2022, travel supported almost 15 million American workers and created 8 million direct jobs.
Conclusion:
You don’t have to suffer through difficult travel management; a little research to determine which option is best for you will position you for future success. Even though there are a lot of options available, we at TravelPerk are confident that we provide the best travel management system available.
