According to a recent report released by The Global Business Travel Association, it was revealed that across the globe, corporate travel is approximate of value US 1.4 trillion dollars. This is a surprising amount and it is still increasing, with estimations of a market worth US 1.7 trillion dollars by the end of 2021.

There are several factors that attribute to this growth, not slightest an increase in business confidence which is driving the demand for corporate bookings. Hence, everything is going smoothly, business travel is flourishing, and it is ready to grow. Then why not travel management are firms putting in their 100 percent for securing this market and preventing employees from booking outside firm guidelines?

It is relatively easy to book travel for joy since there are unlimited choices. A trip is booked by travelers or a room is reserved or Airbnb regardless of their location through their tablet or mobile phone. It is very simple and is particularly designed that way.

On the other hand, business travel is normally more complex. Usually, for a meeting or a conference, the travel is booked, yet the hotel that hosts the customer or the rate at which the room will be provided would be available only when booking via a designated portal.

In addition to this, there is an added complex factor. A lot of current travel options do not have the efficiency and convenience that are being expected by business travelers. According to a report by MMGY Global, the largest integrated travel, as well as, hospitality marketing agency of the world, Millenials, who are at present considered to be the most frequent business travelers, will face challenges via online booking tools for booking their car, flight, or hotel room. A number of them also seek to earn loyalty points, which isn’t always available through a booking tool or TMC.