Travel Management or Corporate Travel Management (CTM) is the function of managing a company's strategic approach to travel (travel policy), the negotiations with all vendors, day-today operation of the corporate travel program, traveller safety & security, credit-card management and T & E data management. CTM should not be confused with the work of a traditional Travel Agency. While agencies provide the day-to-day travel services to corporate clients, they are the implementing arm of what the corporation has negotiated and put forth in policy. In other words CTM decides on the class of service that employees are allowed to fly, negotiate corporate fares / rates with airlines and hotels as well as set forth the use of the corporate credit card. The agency on the other hand makes the actual reservation within the parameters given by the corporation.
For most companies "travel & expenses" (T & E) costs represent the second highest controllable annual expense, exceeded only by salary & benefits, and is commonly higher than IT and / or real estate costs. T & E costs are not only limited to travel (airline, rail, hotel, car rental, ferry/boat, etc.) but include all costs incurred during travel such as staff & client meals, taxi fares, gratuities, client gifts, supplies (office supplies and / or services), etc. Furthermore this area often included meeting management, traveller safety & security as well as credit card and overall travel data management.
The management of these costs are usually handled by the Corporate Travel Manager, a function that can be part of the Finance, HR, Procurement or Administrative Services Department. As this function touches on all of these areas in some form and represents such a major corporate expense, it stand to reason that this function should have equal ranking within a corporation as any other major division and not be seen as a sub-set of existing departments.
With India emerging as an ideal destination for the business travelers from all over the world, the concept of MICE (Meetings, Incentives, Conventions and Exhibitions/Events) is fast catching up in the country (the nation occupies the 27th rank in the Global Meetings market). In fact, business travel in India has become the 'in thing' and many corporate houses are zeroing in on the many Indian MICE destinations for their off beat business meetings and corporate vacations. To elaborate MICE, is a kind of business tourism which caters to many types of business meetings, incentive tour programmes, conferences and conventions, events and exhibitions.
How it is advantage India?
India is a very popular MICE destination and much preferred for business tours & corporate conferences -- thanks to its advanced technology, world class infrastructure, warm hospitality, best hotel deals , modern airports, low cost airlines, special business hotels, exotic resorts & best travels deals together with varied topography, exotic flora and fauna, impressive historical and cultural background.
The country is also internationally connected to a network of more than 50 global airlines and numerous domestic carriers, which offer great connectivity within the country. Besides, there exists an elaborate network of surface transportation system here. There is also a superb Railway system catering almost to the whole nation.
India also offers an educated, English speaking manpower base -- a section of which also specializes in many international languages. The existence of varieties of hotels suiting every budget – from budget to five star – also tilt the balance in India's favor in the context of corporate tours.
Most of the hotels in India offering MICE related services have sufficient boardrooms, convention centers and conference halls of international standard available with latest support resources, and excellent meetings & conferences services are offered without any hassles.
In addition, there are several exotic destinations across India where one may perhaps like to host a business meeting or conference. Leh Shimla,Manali, Mcleodganj Dalhousie,Mussoorie,Nainital,Gangtok,Shillong, and Ooty among hill destinations or beach resorts in the beach destinations of Goa,Andhra Pradesh,Orissa,Karnataka, Kerala,Tamilnadu & Andamans are just some of the many such unique MICE hotspots.
The country also boasts of some world-class convention centers. The Ashok, New Delhi; Hyderabad International Convention Centre, Hyderabad; The Lulu international convention centre ,Thrissur Mumbai and Bangalore are the torch bearers in the Indian MICE tourism facilitating both domestic and International level of business meetings and conferences. Other important cities such as Pune, Bangalore, Noida, Gurgaon, Kolkata, Kochi and Chennai are fast catching.
So, is it any surprise that corporate trip in India is catching up in a big way and MICE activities in India is at an all time high making the country a leading MICE destination in the process.
Where and how Mybudgettrip.com fit in
This brings us into the picture. We provide a whole range of exotic destinations as per as specific requirements - both in India and abroad. We have a good experience and are well equipped to handle any event. From Conference and Seminars to Business Meets, from contracting and negotiating with hotels and other suppliers to In-conference services, such as monitoring service standards of vendors, we cater to practically all segments and meet the requirements of all types of corporate travelers. No wonder, that our USP remains organizing highly successful business tours.