How Can Blockchain Revolutionise Travel Management

| April 26, 2018

article image
The blockchain is one of the terms we often hear these days. While it might seem too technical to be discussed in a normal conversation, this concept is starting to revolutionise many sectors, including travel management.

Spotlight

Travelink, American Express Travel

TRAVELINK, an AMERICAN EXPRESS TRAVEL representative is headquartered in Nashville, Tennessee. The company operates nationally with a combination of boutique business call centers, vacation travel retail locations, and a national network of experienced virtual business travel and leisure travel advisors.

OTHER ARTICLES
FEATURES AND ADVICE

How finance teams can proactively manage travel spend before it happens

Article | May 26, 2021

Controlling how employees spend company money on travel has been one of the biggest historic challenges for finance teams. Most company spend is governed by purchase orders, with payments made in relation to specific invoices from the company’s own bank. The data is available transparent and can be analyzed to spot any inconsistencies. But controlling travel spend, which is most company’s largest discretionary spend area, is much harder. Employees increasingly organize their own travel, empowered by corporate self-booking tools for search, booking, and payment. This can help with visibility, particularly if the corporate uses lodge or virtual cards to pay. However, pre-trip spend like air and hotel bookings only represent 50-60% of the money spent on travel. What about the rest?

Read More

State of Artificial Intelligence in Travel

Article | May 26, 2021

AI in travel life cycle and vertical segments / Using AI in the hospitality landscape to enhance hotel reputation, drive revenue and elevate the customer experience to the next level / Travel management companies intend to invest in chatbot technologies / OTAs are using AI to offer travelers deeper personalization and more automated customer service during the search, shop and buy process / Conclusions.

Read More

Here’s What Will Happen Next to Corporate Airfares

Article | May 26, 2021

To paint a picture of what corporate airfares will look like once planes return to the skies is becoming more difficult by the day — if not impossible. Airlines, for one, have more pressing matters to deal with as they fight for survival during the ongoing crisis. Most in the U.S. will be working through the fine print of the $2 trillion U.S. stimulus package that throws them a lifeline of $50 billion in grants and loans. Other carriers, particularly in Europe and Asia, have already downsized and furloughed most of their workforce and are now turning to refinancing. Cases in point include Air France-KLM, which is now looking for $6.5 billion in state-backed loans, while last week Singapore Airlines revealed it had secured $13 billion in new funding.

Read More

Will the travel industry adopt white box AI?

Article | May 26, 2021

I recently attended a Venture Beat webinar entitled: 3 Keys To Moving Toward White-Box, Explainable AI. The panel discussed varying degrees of transparency in respect to understanding the output from artificial intelligence, the worst being a black box where the underlying decision is masked in AI algorithms. So what does this all mean? Of course, in the travel industry, we traditionally have a different term for a “black box”, but in the context of AI, a black box output implies that it may be challenging for the target audience to understand the rational for a given decision. The key here is defining the target audience.

Read More

Spotlight

Travelink, American Express Travel

TRAVELINK, an AMERICAN EXPRESS TRAVEL representative is headquartered in Nashville, Tennessee. The company operates nationally with a combination of boutique business call centers, vacation travel retail locations, and a national network of experienced virtual business travel and leisure travel advisors.

Events