Increased travel expenses due tolast-minute bookings exceeded the BCD Travel worked with the clientto customize the Travel Report The report provides the client withactionable insights to encourage Card, one of BCD’s most valuableDecisionSource® reports, to showonly cost centers operating undergovernment contracts and analyzebooking data.better booking behavior.In just one quarter, bookingscompleted ≥21 days in advanceincreased by 5%, therefore, keepingcosts down. company’s budget. A new strategywas needed to reduce travel costs. Headquarters:Texas Presence:Manufacturing, sales and servicefacilities in 25 countriesNumber of employees:3,300Annual travel spend:US$10.8 million ChallengeThe client’s travel expenses increased throughout 2023 for a variety of reasons, including the volume of last-minute air government customers. These travelers all operate under government contracts with strict spending supervision. The company needed to develop a travel booking strategy to reduce travel costs from last-minute bookings.Approach This approach would provide a detailed breakdown by department, facilitating a more granular understanding of travel At the suggestion of BCD, the company turned to the Travel Report Card available via DecisionSource, BCD’s proprietary reporting and analytics platform. Together they customized the Travel Report Card, tailoring it to showcaseonly cost centers operating under government contracts. This ensured the report focused on key departments toprovide a more insightful analysis of travel behavior. The report concentrated on three critical areas: •Percentage of advance-purchase tickets ≥21 days before departure•Average number of days for advance-purchase tickets•Average ticket price for domestic and international flightsThis enabled a detailed and nuanced analysis of travel metrics. Results BCD’s customized Travel Report Card increased savings and is influencing more long-term solutions:•The Global Mobility team is tracking booking trends toencourage better travel behavior and reducetravel costs.•Travel Report Card data is now used as a baseline for contract proposals and budget tracking.This strategy drives financial responsibility and maximizes resource allocation by incorporating DecisionSource data into program andproject activities. BCD’s service and technology have allowed us to not only reduce ourcosts but alsoprovide our teams with data-driven insights to better Director, Total Rewards at Aerospace & Defense company At BCD, we know that not all solutions will work for every situation,which is whywe embrace flexibility and personalization from ourstrategies to our technology.Our collaborative problem solving with our customer is a great example of this commitment. Vice President, Program Management at BCD Travel © 2024 BCD Travel N.V. All rights reserved.bcdtravel.com