What are corporate travel indicators?

A business trip consumes a lot of resources, mainly because there are many steps. Accommodation, air or road transport, local mobility, and food make up the base of expenses that, depending on the duration, destination, and reason for the trip, can mean a high investment.

To control expenses, it is common for companies to establish their corporate travel policies according to the reality experienced by each one.

It is in this context that the use of indicators becomes a great ally in corporate travel management. By carrying out the proper follow-up, the company can intelligently use its resources. Check out 5 suggestions to be used and their benefits!

  1. Volumetry
    Volumetry is one of the most important indicators of corporate travel, as it serves to measure the volume of travel that takes place in a given period.

It is fundamental to the composition of strategies that increase the effectiveness of business travel management — especially when there is a separation by area.

For example, retail companies that work with an outside sales team and a public relations team have different enterprise mobility demands for each. While salespeople travel to sell, PR’s travel is geared toward networking. Thus, the first group needs agile solutions for the day-to-day, and the demands of the second group involve flexibility to adopt the necessary measures so that the trip objectives are achieved.

Measuring the volumetry is the starting point for managing the budget, measuring the return on investment, and applying other indicators, whether they are travel or not.

  1. Average ticket
    In the same way that companies use the average ticket to measure their sales, the indicator can also be used to measure the amount invested in travel.

The number reveals a secure basis for establishing the next budget, devising strategies that reduce the ticket while increasing the productivity of teams in transit, and investing in mobility platforms that bring more quality to travel management.

  1. Share of players and modalities
    To reduce the average ticket and work with travel strategies with a great cost-benefit, there is no shortage of options for hotels, app drivers, car rental companies, and airlines to budget for services.

Companies that wish to have full control over the budget need to have a good view of the cost of each of these modalities and their representation in financial management. The ProRido app, for example, concentrates all these options, centralizing the entire payment of travel management.

  1. Employee satisfaction
    Knowing employee satisfaction is relevant in any situation. When it comes to corporate travel, it is essential that professionals feel safe and protected throughout their journey away from home, in addition to being a way to be valued.

The new generation arrives at the job market with a thirst to relate outside the office walls. A work trip is not just a work trip, it is an opportunity to make contacts, close deals, and practice leisure.

The concept arrives in full force when business trips are extended to leisure. Companies that bet on leisure have experienced a rise in talent attraction and retention, productivity, and engagement.

  1. Total cost of mobility
    Even analyzing all the indicators suggested throughout this post, the total cost of mobility should not be discarded. It guarantees a unified view of all the players used in corporate travel, helping managers to understand whether or not the chosen options are in line with the business.

In addition, by crossing data such as volume, player share, and average ticket, the manager can discover the cheapest periods and companies to fly.

This is an example and a valuable tip on how to use the indicators strategically: by buying the air ticket in advance and concentrating the number of trips in this period, the guarantee of savings is certain.

Did you see how it is worth analyzing indicators in corporate travel management?
It is worth mentioning that knowing the total cost of mobility allows the organization to invest in other practices, such as leisure. As we mentioned in the previous topic, the trend has been strengthened with the entry of new generations into the market.

What did you think of our article? Share your opinion on Linkedin and tag our profile!

To the next!

Call Now! +91 9108670001

Don’t forget to explore other services from the house of ProRido at Airport Taxi, Hourly / Daily Cab Service, Luxury Car Rental, Intercity Outstation Cabs, Corporate Car Rental, Wedding Special Occasion Car Rental. We are also available on Linkedin, Facebook, Instagram, YouTube, and Twitter.

Leave your comment, here in the post, so that other travel and mobility management professionals can share their opinions!

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.