RADIUS, Travelocity Business to offer clients NBTA foundation Benchmarking Tool
The NBTA Foundation, the education and research foundation of the National Business Travel Association (NBTA), announced partnerships with
RADIUS and
Travelocity Business to offer corporate clients of those leading travel management companies access to the NBTA Foundation`s Managed Travel Index® (MTI) & Benchmarking Tool.
The NBTA Foundation MTI & Benchmarking Tool is a unique resource that allows corporate travel managers to:
- measure the strength of their companies` travel programs against others in similar industries, travel volumes and/or geographies
- compare their air data to airfare and performance information on all U.S. routes
- compare their hotel data to rates and occupancy in major U.S. and Canadian markets benchmark their average airfares in their top ten markets against those of peers
- assess the maturity level of their companies travel risk management programs and determine where resources should be applied to move to the next level
The agreement with RADIUS enables its travel management companies to sign clients up for the MTI & Benchmarking Tool. Travelocity Business has arranged to offer the tool to its corporate client base.
As a full-service travel management company, Travelocity Business always looks for new ways to provide clients with strategic direction that can lead to additional savings and process improvements, said
DeAnne Dale, Vice President of Account Management for Tbiz.
By offering the NBTA Foundation`s Managed Travel Index & Benchmarking Tool, we can define a baseline for a client`s current program performance and recommend strategies to move them to best in class.
Tony Hughes, President and CEO for RADIUS, said,
RADIUS and our travel management companies pride ourselves on working closely with clients to drive mutual value. By enabling RADIUS to offer the NBTA Foundation Managed Travel Index & Benchmarking Tool to clients, in addition to internal benchmarking we already do through our RADIUS Information Bank Services program, we are creating opportunities for clients to work together with RADIUS to strengthen their managed travel programs.
The NBTA Foundation yesterday announced and demonstrated updates to the Managed Travel Index® (MTI) & Benchmarking Tool.
NBTA Direct Members can gain free access to the upgraded tool through September 30, 2007. By inputting their data by that date, they will receive a 50 percent discount off the subscription fee through December 31, 2008.
Rania Deimezi
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Wednesday, July 25, 2007