Companies in the Asia-Pacific region are not making full use of travel management companies (TMCs) and self booking tools (SBTs) when organising their business travel, according to global distribution system (GDS) leader Amadeus.
Holding a strong presence in the Asian and Australasian travel markets, Amadeus revealed that its own survey of the business travel market found Asia-Pacific corporations to be lagging behind the US and Europe in their handling of high volume business travel.
Carried out in tandem with Intercedent Asia, the survey found that business travel management was a high priority for most big firms in the region, but was not being met by advanced bookings and expense systems.
David Brett, Amadeus president for the Asia-Pacific region, said: "In the past decade, the Asia-Pacific region has seen strong economic growth and heavy investment from global companies, particularly in the powerhouses of China and India. This has resulted in increased corporate travel with an ensuing pressure to reduce travel costs, and many companies are now taking a second look at how to make travel more efficient and cost effective."
The survey also found that 94.4 per cent of companies had entered talks with suppliers to bring their travel expenses down, while 83.3 per cent of businesses conducted conferences via phone and video to avoid excessive travel.