BUSINESS TRAVEL

TripLeverage Whitepaper

July 23, 2021

TripLeverage Whitepaper
Business travel is a branch of the tourism industry focusing on visitors who travel for business and
professional purposes. According to the World Travel and Tourism Council (WTTC), the share of GDP
generated by the business travel market reached 0.7 percent in 2019. In that year, the business tourism
spending worldwide - which has more than doubled since 2000 - peaked at roughly 1.28 trillion U.S.
dollars. Corporations use a wide variety of ways to book from legacy booking systems to using regular
consumer websites. It has given rise to modern Corporate Booking Platforms that are specifically made
for this purpose, based on this trend we identified an enormous opportunity for a crypto company to
jump on this trend and be able to have an extremely disruptive and superior go to market strategy.

Spotlight

Grand European Travel

At Grand European Travel, our passion is making your vacation dreams come true. We’ve been helping travelers explore the world on truly effortless vacations for over 40 years.

OTHER WHITEPAPERS
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Your guide to business traveler well-being

whitePaper | November 12, 2019

We’ve never had more ways to instantly connect with people halfway around the world, and yet we’ve never been so keen to meet our overseas colleagues, business partners and customers face to face. Traveling is at the heart of what we do and we believe business travel and creating these opportunities for our employees, customers and companies worldwide to interact in person brings great value. According to the Global Business Travel Association, global business travel spend is set to reach $1.7 trillion in 20221.

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The sharing economy: Does it have a place in your managed travel program?

whitePaper | February 26, 2020

Thanks to major media exposure for companies like Airbnb and Uber, the “sharing economy” has emerged as a hot topic in travel, technology and business alike. In the consumer sector, Airbnb and Uber have been successful and have expanded rapidly.

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A GUIDE TO YOUR BUSINESS TRAVEL EXPENSES

whitePaper | November 1, 2019

The world of business travel expenses can be a minefield: keeping track of all those invoices and receipts, especially if they come in at different times from different suppliers, some by email, some printed, and some even written out by hand, can be a challenging and time consuming process. In order to sort through the paperwork and ensure your accounts add up, you need to not only keep organised, but have clear guidelines in place for to what you can and cannot expense, as well as any budget limits.

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21st Century Forecasting for the Travel & Hospitality Industry

whitePaper | May 20, 2021

Forecasting is a decision-making tool that helps businesses cope with the impact of the future’s uncertainty by examining historical data and trends. Businesses across every industry need to forecast components of their operations, and that is particularly important, and challenging, in times of uncertainty. Actionable forecasts in the Travel and Hospitality industry bring particular value: how many guests will arrive and when, how to staff accordingly, adjusting inventory positions, modelling the impact of promotions/events on business performance, optimising pricing/revenue management, and projecting revenue/cash flow. Forecast too high and the business will be inefficient with resources: likely buying too much product, facing potential spoilage or waste, while also missing opportunities to invest capital elsewhere.

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7 KEY DIGITAL DRIVERS OF THE TRAVEL & LEISURE INDUSTRY

whitePaper | February 10, 2020

In recent years, there have been remarkable breakthroughs in technology which have led to exciting advancements in the way travel and leisure operators conduct business and attract new consumers. It’s been a period of discovery, with operators finding that the strategies that worked in the past, don’t work now. As the recent fate of Thomas Cook shows, there has been casualties as a result. Technology developments are showing no sign of slowing down, as innovation races to keep up with consumer’s expectations. While some brands have already adopted experience apps and slick social media campaigns, others are still in the discovery stage; soaking in insight while incrementally applying updates to their business model. The more businesses lag behind, the more their counterparts will thrive, and that’s a dangerous position to be in. Generation Z, the first digitally native generation, is quickly moving into the prime purchasing position.

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Spotlight

Grand European Travel

At Grand European Travel, our passion is making your vacation dreams come true. We’ve been helping travelers explore the world on truly effortless vacations for over 40 years.

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