How to Use the Forecast

Inform senior management – Before budgets for 2011 are finalized, inform senior management and business unit leaders involved in the budgeting and planning process of expected pricing changes.  Use the full 68-page version of the Forecast to create a custom prediction for your own organization.  The Forecast has detailed predictions covering 89 types of air tickets (short haul, long haul, trans-border for both economy and business class fares) for 21 countries and hotel price predictions for more than 500 cities globally.  With prices rising, senior management should consider re-allocation of budgets to more business critical functions, savings initiatives and travel alternatives. 

Support your negotiation strategy – Leverage the expertise of our Consultants that is captured in the Forecast – they negotiate contracts every day of the year, have years of experience and leverage proprietary Business Travel Monitor data based on billions of dollars of spend trending information.

Identify savings initiatives - See the section of the Forecast called Managed Travel Program Recommendations for savings ideas.  Use the predictions in the Forecast to help build the business case to invest in savings and cost avoidance initiatives.  Earlier this year we published best practice roadmap papers on both airline ancillary fees and alternatives to travel, among others. These papers, which are published every month, lay out the steps that you can take to drive savings initiatives within your company.