For the last ten years, Topaz Internet audits continue to reveal that managed travel programs consistently produce lower fares than those found in an unmanaged travel environment.
Woburn, MA (PRWEB) April 09, 2013
Travizon, a global leader in travel, meeting, and expense management services, shared the results of a client-sponsored business travel audit of its managed travel programs. The audit confirmed that managed travel programs yield greater cost savings than open booking using public, online fares from Expedia, Orbitz, and individual airline websites. Travizon’s client, a Fortune 500 multinational firm, released the audit results in conjunction with Topaz International, an independent consulting firm that provides companies with airfare audits, consulting services, and corporate travel metrics.
Prompted by recent press about “travel 2.0” and open booking trends in the business travel industry, the audit was conducted for 30 days in October 2012 on behalf of a Fortune 500 Travizon client and longtime advocate for managed corporate travel. The 30-day comparison weighed fares purchased via Travizon’s booking channel of full service and Concur Travel against Internet fares found on Expedia, Orbitz, and individual airline websites. The same client had commissioned a similar audit through Topaz in 2010.
The audit results were significant. More than 83 percent of all fares booked through Travizon’s managed program cost less than online, spot fares. Domestic flights represented the majority of transactions, and were purchased through Concur Travel—the client’s selected online booking channel—using its custom booking tool. These managed transactions were lower than Internet fares 93 percent of the time.
The Topaz audit also determined that fares purchased through Travizon channels undercut public fares by an average margin of almost 24 percent. For the year, Travizon’s managed travel program offered a forecasted savings of $1,644,998.
“For the last ten years, Topaz internet audits continue to reveal that managed travel programs consistently produce lower fares than those found in an unmanaged travel environment,” explains Topaz President and CEO, Bradley Seitz. “I believe this continues to validate the benefits of a managed travel program, as well as following a policy under the management of a TMC.”
Anita Salvatore, Executive Vice President at Travizon, remarked: "We are truly excited with the findings of this second Topaz audit. We are proud of the results, our colleagues, and automated systems that all play an integral role in helping us guarantee the lowest available fare at time of booking to our clients. We are also extremely thankful that our client has continued its collaborative partnership with Travizon and is willing to share these phenomenal results with us and the rest of our client base.”
About Travizon, Inc.
Established in 1973, Travizon is a global leader in travel, meeting and expense management solutions that delivers service, savings and strategic solutions that are scalable to its clients. Travizon is recognized for innovation, collaboration and delivering value-added enhancements to travel management programs. To learn more about Travizon, please visit http://www.travizon.com.
About Topaz International
Established in 1978, Topaz International is an independent consulting firm that provides Fortune 1000 companies with airfare audits, consulting services, and airfare metrics. To learn more about Topaz International, please visit http://www.etopaz.com.