StarCite reveals savings opportunities for the meetings sector
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While meetings and events represent 35% of the travel budget according to the report, less then the half of the companies have a meeting policy established, in contrast with 95% who do have a travel policy.
The study also reveals a gap of a management of supplier´s program in the meetings area. For example, 71% of the companies prefer to hire their suppliers separately when they plan a trip, only 5% do it together (air, hotel, rental car). And 32% do not have favourite´s suppliers.
At the same time, nearly half of companies fail to integrate the information they have for travelling planning with data from the meetings. As a result, they are loosing the opportunity to save by not carrying out a proper management of suppliers.
These are the saving recommendations from the study:
– Linking data from travel and meetings management
– Identify synergies between the corporate travels and meeting schedules
– Establish a policy for managing meetings to address the challenges presented by the meetings
