The corporate travel industry is always exposed to disruption: personal travel disruptions like canceled flights, strategic disruptions like mergers and acquisitions, and existential disruptions like, "Do I really need to take this trip when I could Zoom it instead?"
At times it seems as if almost everything about our industry and the supporting ecosystem is in a state of flux, not the least due to the pandemic and war in Europe.
At other times, we are transfixed by our own processes. Many parts of corporate travel appear to have an invisibility cloak shielding them from the winds of change, a license to continue with business as usual—or variations thereof—despite what is happening in the world.
How business travel is bought and sold is one area where there are ongoing attempts to do things differently, to disrupt the established order. Direct connects, facilitated bookings, New Distribution Capability, management fees over commissions: the list of innovations and paradigm shifts is as long as it is misleading. Incentives and overrides framed by the legacy norms of commercial contracting still dominate a huge slice of the corporate travel industry.
Continue reading: https://www.businesstravelnews.com/Distribution/Demystifying-Blockchain-Should-Transform-Corp-Travel
At times it seems as if almost everything about our industry and the supporting ecosystem is in a state of flux, not the least due to the pandemic and war in Europe.
At other times, we are transfixed by our own processes. Many parts of corporate travel appear to have an invisibility cloak shielding them from the winds of change, a license to continue with business as usual—or variations thereof—despite what is happening in the world.
How business travel is bought and sold is one area where there are ongoing attempts to do things differently, to disrupt the established order. Direct connects, facilitated bookings, New Distribution Capability, management fees over commissions: the list of innovations and paradigm shifts is as long as it is misleading. Incentives and overrides framed by the legacy norms of commercial contracting still dominate a huge slice of the corporate travel industry.
Continue reading: https://www.businesstravelnews.com/Distribution/Demystifying-Blockchain-Should-Transform-Corp-Travel
