August 29, 2018

What the launch of the Business Travel Performance Index could mean for hotels

With so many booking channels available today, corporate travelers aren’t always using the appropriate channels when choosing accommodations for business travel.

This is making it difficult for travel management companies (TMCs) and their clients to monitor traveler compliance, take corrective actions, assess changes in the program and market conditions, and adjust the hotel program accordingly.

To address these challenges, the Business Travel Performance Index (BTPIndex) launched its solution for travel managers and their TMCs to transform hotel program management. The BTPIndex aggregates and normalizes booking and spend data from all available sources, such as GDS data, credit card information, expense reports, negotiated rates and other performance indicators (customized to each company), to deliver insight into hotel attachment rates, and to allow TMCs and their clients to implement strategic hotel management.

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