Advito_Sharing_Economy_press_release

Uptick in popularity of shared services creating uncertainty for corporate travel managers

Advito white paper examines the benefits and risks to travel programs of the sharing economy

CHICAGO, January 28, 2015 –Business travelers are increasingly gravitating to the convenience provided by Airbnb, Uber and other services using the new “sharing economy” model. But how do travel managers know whether those services make sense for their corporate travel programs?

A new white paper by travel consultancy Advito offers the most thorough examination to date of the sharing economy through the lens of the corporate travel manager. The sharing economy: Does it have a place in your managed travel program? evaluates the most pressing questions for travel programs by the growing trend in shared services.

“Business travelers want to use these suppliers, and in many cases, already are. Yet many travel managers are hesitant to revise their policies to reflect this change. With the sharing economy developing so rapidly, travel managers need to understand the pros and cons and determine the right approach for their program,” said April Bridgeman, Managing Director for Advito.

The sharing economy addresses five key areas for consideration: cost, traveler satisfaction, safety, regulation and integration into the travel program. The paper provides specific benefits and risks to introducing the two major sharing economy travel suppliers, Airbnb and Uber. It helps travel buyers determine if these two services add value to their travel programs, if they should allow their travelers to use them and if so, how to integrate shared services into their program.

“The sharing economy is changing managed travel and cannot be ignored,” said Bridgeman. “It isn’t so unworkable that you should ban it from your program without further investigation. At the same time, it isn’t so problem-free that you can allow travelers to use the services without implementing some rules and monitoring. It requires a balanced approach.”

About Advito

Advito is the travel industry’s most progressive consultancy, enabling procurement leaders to modernize their approach to managing the travel and meetings spend category. Led by a unique team of multi-disciplinary experts and thought leaders, we work with both clients and suppliers to push the boundaries of traditional air and hotel sourcing and strategic meetings management for higher program returns. We provide advisory, procurement and outsourcing services in the area of corporate travel sourcing, expense and meetings management, along with RFP development and management; benchmarking and vendor management services. We minimize our clients’ travel spend and maximize their travel program value in a data-rich, consumer empowered world. Headquartered in Chicago, Advito operates in key business markets around the world. For more information, visit www.advito.com.

About BCD Travel

BCD Travel helps companies travel smart and achieve more. We drive program adoption, cost savings and talent retention through digital experiences that simplify business travel. Our 15,000+ dedicated team members service clients in 170+ countries as we shape a sustainable future for business travel. BCD’s leading meetings and events management and global consultancy services complete our comprehensive suite of solutions for all aspects of corporate travel. In 2023, BCD achieved US$20.3 billion in sales. For more information, visit www.bcdtravel.com.