Over the last several years, there has been a growing trend among organizations to focus on the consolidation of their meetings, events and travel programs. The benefits to companies are obvious. Travel managers and meeting planners can increase efficiencies, reduce overlaps, leverage negotiating clout, improve client relationships, and ultimately save their organizations time and money. The pace of consolidation has accelerated in the last few years, as leadership support has increased and greater technology use among meetings, event and travel managers have helped speed results. In addition to some of the benefits already cited are more effective meeting and travel experiences, knowledge sharing across programs, and greater transparency into the overall costs of travel, meetings and events.
Challenges to Travel & Meeting ConsolidationDespite these successes, companies face a number of structural challenges, including:
- Gaining alignment across departments
- Lack of visibility into other departments
- Shortage of resources to manage consolidation
- Lack of centralized technology capabilities and departmental resources