BUSINESS TRAVEL

Grasp Technologies Partners With Traxo to Upgrade Its Popular Corporate Travel Data Management Solution

Grasp Technologies, Traxo | October 05, 2021

Grasp Technologies, the leader in data management, consolidation, payment integration, and data visualization for the corporate travel industry, announced its new partnership with Traxo, the global leader in corporate travel data capture and pre-trip auditing. The partnership provides corporate travel managers worldwide with the ability to see the most complete data picture of their companies’ business travel, including all on and off-platform bookings, within Grasp’s robust data and intelligence suite. An industry leader for more than 25 years, Grasp serves more than 150,000 corporate travel departments in over 70 countries through its footprint.

“The corporate travel industry needs a truly complete, accurate, and timely data solution for tracking and consolidating all aspects of a travel program – a true end-to-end platform that delivers actionable, real results, At Grasp, we have worked tirelessly on this problem for over 20 years and have created the technology, data consolidation, and data management processes to ensure the most accurate and timely data for our clients, but we were missing one piece – one of the most, if not the most important one – un-managed booking data or travel leakage. Traxo has solved that problem.”

said Grasp Technologies Chief Sales Officer Dave Lukas

Managing travel data has been a challenge for corporate travel departments in that it is disparate, disjointed, and fragmented across many different systems and platforms, and lacks timeliness. This complexity prevents companies from effectively providing duty of care for traveling employees, or proactively managing business travel expenses, which are traditionally the second largest controllable expense in a corporation. Compounding the issue further is that employees often book their travel outside the company’s mandated travel policy, travel agency, and/or booking tool, essentially making these travel plans invisible to the corporation.

In fact, according to travel bookings made by Grasp clients in 2017 through 2019, an average of 40 percent of all business travel bookings were made outside the corporate travel policy. The total amount of “leakage” or invisible bookings by segment were, Railway: 64 percent, Hotels: 57 percent, Car Rental: 34 percent, Airlines: 5 percent.

As a result of this new partnership with Traxo, for the first time in two decades, Grasp can now offer its users a simple way to finally view and incorporate these previously invisible bookings into their data platform.

“With our unique ability to capture all travel bookings, regardless of whether they were booked directly with a travel supplier or within the company-mandated travel program or not, Grasp’s clients now can not only track their off-channel bookings, but be able to take action on these bookings, pre-trip, “This gives them the opportunity to ensure they’re receiving their corporate negotiated discounts, re-shop the flight, hotel, rental car, or rail booking to obtain the best available prices, or provide coverage for duty-of-care purposes.”

said Traxo Founder and Chief Executive Officer Andres Fabris.

“By combining the power of our two solutions, we have solved one of the greatest data challenges in our industry and have created a solution that allows clients to go further in managing their travel program like never before,” Lukas noted.

As part of the agreement, Grasp is using the Traxo technology internally to help better manage its own business travel, and Grasp is now a Traxo Marketplace partner, so it can automatically receive structured travel data from Traxo’s corporate clients.

The companies will be expounding on their new partnership during a free webinar scheduled for tomorrow, October 5, 2021, at 11:00 a.m. Eastern Time. Interested parties may register at the link below: https://go.grasptech.com/webinar-grasp-technologies-and-traxo

About Grasp Technologies
Founded in 1996, Grasp Technologies works extensively in the worldwide travel industry, providing data management, consolidation, payment integration and data visualization for the travel industry and other industries. Grasp differentiates itself by helping clients navigate changing business environments by providing the custom combinations of reporting and predictive analysis. Grasp Technologies has offices in San Diego, California, and Columbus, Ohio.

About Traxo
Dallas-based Traxo, Inc., the global leader in corporate travel data capture and pre-trip auditing, eliminates blind spots and enhances duty of care by enabling corporate travel managers and managed travel agencies to easily track and proactively manage complete omnichannel travel activity in a single, real-time, system of record. Founded in 2008, Traxo clients and partners include Amex GBT, United Airlines, Lufthansa, Easy Jet, Tripadvisor, Chrome River / Emburse, Coupa, International SOS, WorldAware, and many more. Two recent Business Travel News Travel Managers of the Year use Traxo, and The Business Travel Magazine recently named the Company to its 2021 Tech HotList, a list of the “top tech innovators shaking up the industry.” With Traxo, corporations reduce risk, improve traveler safety and maximize savings

Spotlight

The good news is that the data about customer interaction sits with you. But the big question is – what to do with this big data that can deliver value to the end customer and the travel service provider as well. The following represents a most impactful of the many benefits that can be derived by analyzing and making this big data work for you:

Spotlight

The good news is that the data about customer interaction sits with you. But the big question is – what to do with this big data that can deliver value to the end customer and the travel service provider as well. The following represents a most impactful of the many benefits that can be derived by analyzing and making this big data work for you:

Related News

TRAVEL TECHNOLOGY

Travel companies ask European regulators to enforce Google dominance decision

Google | November 18, 2020

Travel innovation organizations are pushing for the European Commission to address Google's act of presenting its own administrations as a rule search. In a letter to Margrethe Vestager, magistrate for rivalry, 130 organizations and 28 industry associations, over various areas, request that the Commission "enforce its 2017 abuse of dominance decision." The letter says that Google doesn't contend reasonably in search and has not accomplished by "competing on the merit." The letter proceeds to state that despite the fact that the impending recommendations on the guideline of computerized watchmen may support longer term, the Commission should act currently, utilizing the current system, to address the circumstance. "Many of us may not have the strength and resources to wait until such regulation really takes effect."

Read More

HOSPITALITY TRENDS

Relay Partners With Kinseth Hospitality Companies

Relay | March 07, 2022

Relay stated that it would deploy its wearable, highly customizable associate alert devices across 101 Kinseth Hospitality Company (KHC)-managed properties in the Midwest and Southern areas with over 2000 associates. Relay is the primary choice for hoteliers looking to adhere to the AHLA 5-star Promise, which aims to increase staff safety and comply with panic button regulations imposed by an increasing number of governments. Kinseth Hospitality, headquartered in Coralville, Iowa, represents award-winning select-service and full-service hotels, restaurants, caterers, and conference facilities in 15 states. Kinseth Hospitality represents several well-known and award-winning hotel and event brands, including Hilton, Marriott, IHG, Radisson, Best Western, and Wyndham, as well as the Sioux City Convention Center, Twelve01 Kitchen & Tap, Rock Island Ale House, River Rock Kitchen & Tap, and McKnight's Kitchen & Tap. The Relay will become Kinseth Hospitality Companies' exclusive alert device partner, installing Relay's next-generation, voice-first technology throughout Alabama, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Minnesota, Missouri, Montana, Nebraska, Oklahoma, Texas, Wisconsin, and Wyoming. Employees in management, guest services, cleaning, maintenance, and restaurant front-of-house and back-of-house will access the pocket-sized, easy-to-use tablet. The agreement adds to Relay's increasing list of properties, management organizations, and brands who have chosen the platform for its all-in-one functionality. Relay devices run on WiFi and 4G networks, allowing for seamless communication. In addition, a nationwide organization like Kinseth Hospitality recognizes the devices' data, analytics, and mapping capabilities and their capacity to link into complex operations systems. Across the country, hotel unions and state and municipal governments seek laws to ensure hospitality professionals' safety by introducing panic buttons.

Read More

INDUSTRY OUTLOOK

Vacasa Breaks Down Spring’s Top Travel Trends & Destinations

Vacasa | February 14, 2022

As the season for Spring Break approaches, Vacasa (NASDAQ: VCSA) teamed up with Allison + Partners to see how many Americans are packing their bags, where they are heading, and what’s motivating their vacation plans. The survey* findings, released today in Vacasa’s 2022 Spring Travel Trends report, unearthed that travel is abloom this season—particularly for remote workers, millennials and parents—and that more people are planning to travel specifically for Spring Break 2022 compared to last year. In the spirit of spring cleaning, Vacasa also scrubbed its search data to reveal the most popular destinations for vacation rentals this March, including Destin, Florida, and Gulf Shores, Alabama, among other sandy locales. Nearly one-third of travelers are booking vacation rentals for their spring getaways, because of value for money (65%) and/or access to a full kitchen (56%), according to the survey results. Those perks come in handy for the parents of young children, nearly half (49%) of whom say they’re opting for a vacation home as their lodging of choice. Here’s a first look at a few of the travel trends expected to crop up and take root this season, with the full trend report available on Vacasa.com: More than half (56%) of Americans are planning a trip this spring and 37% are planning to travel during Spring Break, specifically—an increase from the 29% who were traveling for Spring Break 2021. The likelihood of travel is even higher for hybrid workers (86%), millennials (75%) and parents (63%), who are most likely to be packing their bags in the months to come. Welcome back, friend. While one’s partner and/or kid(s) are still the go-to spring travel companions, the number of people planning to vacation with friends jumped from 16% in 2021 to 23% this year. It’s near-even though on what motivates people most when it comes to travel: 32% of respondents said where they're going, while 28% said who they’re going with. But, even so, family and friend events like reunions and birthdays were the activities most likely to encourage a trip in 2022 (45% and 32%, respectively). American travelers are mostly staying planted on U.S. soil, with 75% planning a domestic trip, 23% springing for a staycation, and 18% heading international—which is near-even with how many people planned to travel abroad in Summer 2019. Of those planning to travel this spring, 75% say they plan to travel more frequently in 2022 than they did in 2021. *Allison+Partners Research + Insights surveyed 1,000 individuals over the age of 18 in the United States. The survey was fielded using the Qualtrics Insight Platform, and the panel was sourced from Lucid. Fielding was executed in January 2022. About Vacasa Vacasa is the leading vacation rental management platform in North America, transforming the vacation rental experience by integrating purpose-built technology with expert local and national teams. Homeowners enjoy earning significant incremental income on one of their most valuable assets, delivered by the company’s unmatched technology that adjusts rates in real time to maximize revenue. Guests can relax comfortably in Vacasa’s 35,000+ homes across more than 400 destinations in North America, Belize and Costa Rica, knowing that 24/7 support is just a phone call away. In addition to enabling guests to search, discover and book its properties on Vacasa.com and the Vacasa Guest App, Vacasa provides valuable, professionally managed inventory to top channel partners, including Airbnb, Booking.com and Vrbo.

Read More