All corporate travel managers can now benchmark costs and travel patterns.
ARLINGTON, VA – ARC announced that it has made the company’s FareSight solution available to all corporate travel managers, regardless of whether their organization is ARC accredited, has a dedicated ARC number through its travel management company, or books air travel independently.
“We think FareSight is truly a game changer, and our clients agree,” said Michael Brennan, managing partner of KesselRun Consulting, an independent management-consulting firm that specializes in developing, managing and optimizing corporate travel programs. “The tool allows travel managers and procurement professionals to negotiate from a position of certainty with their vendors and report real -not assumed- travel patterns back to their senior management. FareSight also allows KesselRun to inform our clients of how they are doing against the market and, more importantly, how to proactively manage their air spend.”
FareSight helps corporate travel managers optimize their air travel policies by employing current and historic ARC data, directly related to their individual organizations. The tool analyzes a company’s air travel patterns, travel spending and average ticket price and benchmarks those factors against both the corporate segment and the entire market. In addition, FareSight allows corporate travel managers to profile travelers’ behaviors based on actual ticket travel, measure airline contract performance and understand their carrier market share.
“Since we launched FareSight earlier this year, corporate travel managers representing companies that do not have an ARC number showed a strong desire to see how their programs compare to the industry,” said Doug Mangold, ARC’s managing director of product management. “Based on this feedback, we’re very happy to make FareSight available to help them maximize their company’s air travel. We’re now boarding all companies!”
ARC’s FareSight solution will be demonstrated in ARC’s booth (#2413) at the 2014 Global Business Travel Association (GBTA) Convention next month in Los Angeles.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
