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Top 10 Corporate Travel Management Companies [+Reviews]

Today, where every second counts and every opportunity matters, seamless corporate travel management has become more crucial than ever before. Picture this: a multinational company sending its executives to seal a game-changing deal overseas, or a small business entrepreneur attending an international conference to expand their network. In both scenarios, what stands between success and failure is not just the calibre of the individuals involved, but also the efficiency of their travel arrangements.

In this article, we break down the top 10 corporate travel management companies, shedding light on their innovative solutions, satisfied clientele, and the seamless experiences they provide.

Why Are Corporate Travel Management Companies Important?

The increasing globalization of businesses has opened doors to new markets and collaborations, but it has also introduced new challenges for emerging travel startups to solve.

Managing travel expenses, ensuring safety and travel risk management in unfamiliar territories, and setting seamless travel logistics have become complex tasks demanding rigid attention. The significance of expert corporate travel management services cannot be overstated.

One of the key reasons why you need a corporate travel agency and a driving factor behind the growing importance of managing corporate travel effectively is the need for cost-effective solutions. Businesses, irrespective of their size, are constantly seeking ways to optimize their expenses.

Moreover, in an age where information is abundant but time is scarce, businesses are relying on travel management companies to handle the complexities of travel planning. 

From visa requirements, and corporate travel accommodation , to fluctuating flight schedules, managing international travel demands a comprehensive understanding of various factors.

Additionally, the safety and well-being of employees during travel have become paramount concerns for businesses. In essence, the growing importance of corporate travel management can be attributed to its role in costly management errors , enhancing efficiency, controlling costs, ensuring safety, and simplifying the intricate web of global travel.

Criteria for Selecting the Top 10 Corporate Travel Management Companies

Our selection process demands careful consideration of several crucial factors that can significantly impact a business’s travel experience.

Here are the key criteria businesses should weigh when evaluating potential corporate travel management partners:

1. Customer Service Excellence

• Assessing the responsiveness and availability of their customer support.
• Testimonials and reviews from existing clients to gauge their satisfaction levels.
• Ability to personalize services for intending customers outside their regular services.

2. Cost-Effectiveness

• The company’s pricing structure and transparency in fees.
• Flexibility when it comes down to negotiated rates, discounts, and bulk booking advantages offered.

3. Global Presence and Network

• The extent of their global network, including partnerships with airlines, hotels, and ground transportation services.
• Company’s presence in key business destinations to ensure comprehensive coverage for international travel needs.

4. Technological Solutions

• The sophistication of their booking platforms and travel management tools.
• Features such as real-time itinerary updates, mobile accessibility, travel stipends and other expense tracking features.

5.  Travel Policy Compliance and Customization

• Aligning its services with the organisations’ corporate travel and expense policy best practices .
• Seek flexibility in services, allowing customization based on specific business requirements.

6. Comprehensive Reporting and Analytics:

• Comprehensive reporting dashboard that helps businesses make informed decisions, optimize expenses, and plan future travel strategies effectively.
• Book now and pay later. This integration can be useful to many SMEs.

Note: In evaluating the top corporate travel management software this year, it’s important to note that our ranking criteria transcend rating sites. While these platforms are prevalent, it’s a widely acknowledged fact that many of these ratings are influenced by financial arrangements, blurring the line between genuine feedback and biased endorsements.

Top 10 Corporate Travel Management Companies

Here are the Top 10 corporate travel management companies:

Clooper stands out for its commitment to sustainability initiatives and tech-driven corporate travel booking and expense management solutions. Also, being more of a complete corporate travel agency.

The platform’s intuitive interface simplifies the reimbursement process, and real-time tracking of employees, enhancing both employee and finance team experiences. Clooper ensures a seamless booking experience for both flights and accommodations. Offering a long list of options tailored to the unique preferences and needs of business travellers.

Beyond travel booking and accommodation, Clooper is committed to making a positive impact on the environment and society. With every booking made on the platform, Clooper contributes to planting a tree and providing a meal to someone in need. This sustainability ethos adds a unique and socially responsible dimension to corporate travel.

Key Features:

• Seamless accommodation booking experience
• Recently integrated flight booking potion
• Comprehensive expense management tools
• Buy now, pay later service for SMEs
• Sustainability initiatives: 1 booking = plant 1 tree + feed 1 person
• Exclusive offers, including complimentary airport lounge access and meal vouchers
• Personalized service for large corporate accounts

Trustpilot rating : 4.4/5 based on 15 reviews .

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2. TravelBank

TravelBank stands tall as a frontrunner in the corporate travel management arena. Renowned for its user-friendly interface and innovative expense management tools, ensuring a seamless travel experience. Their emphasis on budget-friendly travel solutions, coupled with advanced analytics, empowers businesses to optimize their travel expenditure while enhancing overall productivity.

• All-in-one business travel & expenses
• Curated flight booking platform for employees to book flights at special corporate rates
• Employees can track and input expenses and management can review and approve expense reports.
• Employers can offer 24-hour reimbursements through TravelBank.
• Sync data through integrations with general ledger such as Quickbooks , NetSuite , Bill.com, and Xero .

G2 rating : 4.4/5 based on 329 reviews .

Capterra rating : 4.7 based on 210 reviews .

Navan takes pride in its personalized approach to corporate travel management. Their dedicated team of experts ensures swift problem resolution and provides 24/7 support, making them a reliable choice for businesses seeking a hands-on travel management partner.

• Connects Expense Features to Visa, Mastercard Corp. Cards
• Companies can monitor expenses and look for savings opportunities in a dashboard that shows pending and cleared transactions.
• Tools such as smart policy controls and auto-itemization to their current corporate cards
• Its AI technology offers valuable recommendations tailored to your company’s policies. It provides real-time insights into your travel expenses and delivers a complete travel management experience.

G2 rating : 4.7/5 based on 7,327 reviews .

Capterra rating : 4.7 based on 172 reviews .

4. AMEX GBT (American Express Global Business Travel)

AMEX GBT stands as a global giant in the corporate travel landscape. Their extensive industry experience and worldwide presence make them a go-to choice for multinational corporations. They excel in offering end-to-end travel solutions, from booking to expense management, all while prioritizing traveller safety and satisfaction.

• Monitor rate drops and easily rebook tickets to save money with the re-shop tools.
• Allows you to stay up-to-date about recent events to inform your travel decision-making.
• Access to total refund amounts and any unused tickets available are visible in the easy-to-use reporting tool.
• Provides you with direct communication during disruptions.

G2 rating: 4.1/5 based on 8 reviews .

Capterra rating : no information.

5. SAP Concur

SAP Concur revolutionizes corporate travel management with cutting-edge technology. Their cloud-based platform integrates travel booking, expense reporting, and invoice management into a seamless workflow. Their emphasis on automation not only simplifies administrative tasks but also provides valuable insights through real-time data analytics, enabling businesses to make data-driven travel decisions.

• SAP Concur supports e-receipt import, allowing for easy digital documentation of expenses.
• It offers approval process control, ensuring that all expenses adhere to company policies and guidelines before being finalized.
• Multi-currency support enables seamless transactions and expense tracking in various international currencies.
• The platform facilitates efficient reimbursement management, streamlining the process for both employees and finance teams.

G2 rating : 4/5 based on 5957 reviews .

Capterra rating : 4.3/5 based on 1936 reviews .

Egencia, an Expedia Group company, combines technology with a human touch to deliver exceptional corporate travel services. Known for their intuitive booking platform and personalized traveller experience, Egencia caters to businesses of all sizes. Their emphasis is on traveller satisfaction, combined with global supply partnerships, ensuring a smooth and enjoyable travel experience for employees.

• VAT recovery and reimbursement services to ensure businesses can reclaim eligible Value Added Tax, maximizing financial efficiency.
• Duty of care and risk management solutions to prioritize the safety and well-being of travellers, mitigating potential risks during their journeys.
• Inventory based on Expedia’s brands to ensure a high standard of choices for travellers.

G2 rating : 4.4/5 based on 655 reviews .

Capterra rating: 3.9/5 based on 50 reviews .

7. BCD Travel

BCD Travel is a powerhouse in the corporate travel industry, offering a wide array of services to businesses worldwide. Their proactive approach to risk management, coupled with customized travel solutions, makes them a preferred choice for enterprises seeking comprehensive travel programs.

• BCD Travel has a suite of proprietary technology solutions to streamline the entire travel management process for their clients.
• Offers engineered and customized travel programs for those who have complex travel needs.
• Designed for companies with a big travel volume and have the need for tailor-made programs.

G2 rating: no information.

8. CWT (Carlson Wagonlit Travel)

CWT stands out for its innovative travel solutions and unwavering commitment to client satisfaction. With a focus on data-driven insights, They optimise travel policies, enhance cost efficiency, and ensure traveller safety. Their robust mobile technology keeps travellers connected and informed, contributing to a hassle-free travel experience.

• Integrated hotel management and bookings: offers an integrated and streamlined hotel management and booking reservation experience.
• A mobile app to access itineraries, profiles, and supplier programs around the clock.
• Employee-wellbeing, climate impact, and organizational performance framework to align your sustainability and travel needs.
• Analytics and visualization capabilities to track your travel expenses with actionable insights.

G2 rating : 3.7/5 based on 7 reviews .

Capterra rating: no information.

ITILITE is a leading global travel management company focused on efficient business travel. Their travel management software simplifies the booking process, policy compliance, and reporting through seamless automation. Allows travellers to book flights, hotels, and car rentals from a wide selection. The platform’s advanced features, like flight re-shopping and managing unused flight credits, lead to substantial cost savings of up to 30% on overall travel expenses.

• Businesses can configure policies in fine detail, allowing for precise control over travel guidelines, and ensuring compliance and budget adherence.
• The platform seamlessly integrates with third-party services, enabling businesses to connect and utilize additional tools and resources within the ITILITE environment.
• ITILITE’s flight re-shopping feature automatically re-evaluates flight options after booking, ensuring businesses get the best available rates, even after the initial reservation.
• Track travellers in real-time, enhancing safety and allowing for proactive responses in case of unexpected situations during travel.

G2 rating : 4.4/5 based on 530 reviews .

Capterra rating : 4.5/5 based on 84 reviews .

10. FCM Travel Solutions

FCM Travel Solutions prides itself on its personalized service and global expertise. With a strong focus on travel policy compliance and cost optimization, they tailor their services to meet the unique needs of each client. Their dedicated travel managers provide expert guidance, ensuring seamless travel experiences for employees while maximizing savings for businesses.

• Offers efficient workflow management tools, streamlining the entire travel process from planning to reimbursement.
• Strict control over approval processes, ensuring that all company’s corporate travel and expenses policy best practices are being adhered to.
• Receipt Management: Simplifies receipt management, providing a user-friendly system for securely organizing and storing expense receipts.

G2 rating : 5/5 based on 1 review .

Capterra rating : no information

11. T.ravelPerk

TravelPerk stands out as one of the most renowned travel management companies, offering a diverse array of features and benefits tailored specifically to meet the travel needs of businesses. Provides access to a dedicated team committed to helping businesses reduce their travel-related carbon footprint. This is achieved through various carbon offsetting strategies, aligning with sustainable travel goals.

• Users have the option to seamlessly book flights, hotels, cars, and trains, all from a single platform.
• Easily set policy rules, including budget limits for each trip, ensuring compliance with company guidelines.
• Allows cancellations with a remarkable refund policy, offering up to 80% of the booking cost back for cancellations made up to 2 hours before the scheduled travel.

G2 rating : 4.6/5 based on 1507 reviews .

Capterra rating : 4.8/5 based on 398 reviews .

Tips for Optimizing Corporate Travel

Corporate travel, when executed efficiently, can become a strategic asset for any business. Here are 5 tips to ensure that:

1. Develop a Clear Travel Policy

• Establish a comprehensive travel policy outlining guidelines for bookings, accommodation, expenses, and safety protocols.
• Ensure all employees are familiar with the policy, emphasizing compliance to control costs and maintain consistency.

2. Embrace Technology

• Utilize advanced travel management platforms and mobile apps for seamless travel and accommodation bookings , real-time updates, and digital expense tracking.
• Integrate travel software with your company’s systems to streamline approval processes and minimize administrative hassles.

4. Optimize Booking Strategies:

• Encourage early bookings to secure the best rates for flights, hotels, and transportation.
• Leverage data analytics to identify booking patterns and negotiate bulk deals with preferred vendors for additional cost savings.

5. Encourage Policy Compliance

• Educate employees about the financial implications of policy violations and incentivize adherence.
• Implement regular audits to ensure compliance, providing feedback and additional training when necessary.

In the realm of modern business, where global connections and swift interactions are paramount, the art of corporate travel management stands as a linchpin, connecting aspirations with achievements.

Our exploration of the top 10 corporate travel management companies showcasing their dedication to providing exceptional services tailored to meet the unique needs of businesses.

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Welcome to the place where clients are truly partners. As an extension of your team, FCM Travel is the travel management company that brings agility to your corporate travel program, driving value and creating simplicity.

With a unique approach to building technology and talented teams that go above and beyond, together we can do more than tick boxes and book tickets.

How we add value to business travel programs

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Craving a smoother way to book and manage business trips, with quick access to support, 24/7? Yearning to easily search and pull reports for travel insights, and view safety & risk alerts in one place?  

Our customers felt the same way. That’s why we built the FCM Platform, a business travel platform that’s designed to transform travel programs.  

With the FCM Platform, you get: 

• Global consistency  
• Personalized user experience 
• Alternative approach to innovation 
• Actionable insights  

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From The Th!nk Series to FCM Consulting’s Quarterly Trends Reports, to practical travel advice and insights to elevate programs. Explore the Resource Hub .

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That's what the travel manager of a well-known Fortune 100 insurance company said about implementing FCM Travel, after 10 years with their incumbent TMC. Discover how agility and partnership-focused goals were a perfect match for this global business travel program.

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The 2024 guide to corporate travel management

What is corporate travel management, what does a corporate travel manager do.

• Booking trips for travelers (not only c-suite executives, but employees in any role).
• Helping individual departments track their travel spend so they can stay under budget.
• Providing travel support to travelers before, during, or after their trip.
• Selecting and managing any travel vendors or travel tools used.
• Working to negotiate corporate rates on hotels that the company uses often.
• Booking group travel.
• Organizing ground transportation like rental cars or rail
• Analyzing company travel spend, or delivering travel spend reports to the CFO for analysis.

What does a travel buyer do?

Stakeholders in the travel management process.

• In-house corporate travel manager
• Office manager or office team
• Head of operations / COO
• CFO and finance managers
• Panel of frequent employee travelers
• Current corporate travel agency or company

What solutions are companies using to book their business trips?

Consumer booking sites, traditional travel agencies, travel management software.

Save your company time and money on business travel

What are the drawbacks of each solution.

• Need to compare various websites and pay out of pocket in order to secure the best price
• Many hidden costs, with fees for cancellations and changes
• Many back-and-forth emails when booking for companies
• Need to pay upfront
• No support for issues on the road
• Time-consuming manual reimbursing and expense tracking
• Impossible to ensure compliance with company travel policy
• Online booking tools are typically buggy, with bad UX
• Employees end up calling support or book, when they’d rather save time by booking for themselves, with the options they want
• Costly service
• Above-market transport/accommodation prices
• Company policy compliance is difficult to guarantee
• Lack of travel inventory and options
• Clunky user experience that travelers don’t enjoy
• Offshore customer service, typically ranked as the top frustration in customer reviews
• Often overly complicated and feature-laden
• Impossible to control travel when travelers can’t or won’t use the tool
• Lacks low-price flights and hotels available online
• Impossible to guarantee company policy compliance

The pillars of modern travel management:

• Trust – Trust travelers to book using the approved process and policy, and make it easy for them
• Transparency – Let travelers see what they’re allowed to spend and choose accordingly, and let finance and administrative teams see what is being booked and why.
• Simplicity – Create a process that works and meets everyone’s needs.
• Impact – Measure the impact of business travel on the company and reduce unnecessary trips that leave travelers exhausted and businesses with needless expenses.
• Duty of care – Ensure a thorough duty of care strategy is in place to mitigate risks for employees when traveling
• Sustainability – Being aware of the impact of travel on the environment and adopting good practices to reduce the effect

How can a good corporate travel program help companies to save money?

Ensuring compliance with company travel policy, access to more affordable flight options, stay on top of travel spending trends, six steps to managing corporate travel effectively.

• Choose a smart booking tool
• Assure 24/7 travel support
• Create policies and approval workflows
• Organize and utilize travel spend data in real-time
• Improve collaboration between admin and finance
• Reduce your company’s carbon footprint

1. Choose a smart booking tool

• Self-booking within policy – Trust your travelers to book what they need, and set up policies and parameters
• Consolidated invoicing – The ability to get one monthly invoice for all travel from one vendor, instead of having it spread across the web
• Travel spend reporting – Easy access for all finance and administrative team members who need to track travel itinerary details and spend by cost centers, tags or labels
• Easy booking process that travelers love – Invoice consolidation and accurate reporting are impossible if employees want to cheat on the approved tool, so choose a tool that’s easy to use with consumer-grade UX. Make their entire travel experience, from booking to coming home, as easy and smooth as possible. Introducing a mobile app is just an added bonus!
• Great inventory – Inventory is not a side note. Make sure the platform you use has every available option you can find online and that the company is committed to adding more inventory
• Travel support – You need travel assistance that’s available 24/7 in your native language so that employees can get help even when the internal admin team is unavailable

2. Assure 24/7 travel support

Here are the requirements to look for in travel support:.

• Available 24/7
• Easy to reach a real human
• Guaranteed follow-up and follow-through
• Native language support
• Fast escalation for big issues

3. Create policies and approval workflows

• Maximum cost of airfare
• Maximum cost per hotel per night
• Minimum amount of days booked in advance
• Hotel star rating
• Flight class allowed

Travel Management: The Ultimate Guide

Approval workflows.

• No approval required for any trip
• Approval required for some trips
• Approval required for every trip

4. Organize and utilize travel spend data

• Cost centers – Does your company use different payment accounts for different geographical regions? How many cost centers does the company have? Make sure that travel spend is getting charged to the right accounts and that you're making accurate expense reports.
• Tags and labels – Beyond cost centers, are there any important filters that the finance team would have to have when viewing travel spending reports? For example, would they like each trip tagged by team or by project? Decide upfront so that the tagging system can be implemented clearly from the get-go.
• Keep all travel in one place – to get accurate travel data, you need to keep all travel in one place—whenever possible. Work with a travel management solution that integrates with providers that matter to your company, such as budget airlines, AirBnb or European train lines. If your company has negotiated hotel rates, you want your corporate solution to be able to book those rates for you, so you don’t lose the travel data by booking directly.

5. Improve collaboration between admin and finance

• Streamlined approvals process – If your approval process requires action from the admin and the finance team, try to make this as seamless as possible.
• Easy access invoices – The finance team needs to grab all invoices quickly so they can reconcile expenses and set clear reimbursement processes. The best way to do this is to use a platform that consolidates travel spend into one monthly invoice.
• Ability to track spend instantly – Consolidate all travel spend into one platform so that they can generate reports on what is being spent, by who, and why (when using tags and labels). Same as with the invoices, determine whether you need to send them a monthly report, or if they want to download it themselves.
• Cost savings on trips – Fixing travel isn’t just about saving time. Many businesses are still using travel booking platforms that were built in the 80s and 90s. This means that they markup the inventory so that the company is paying more than a consumer would! Impress the finance team by reducing travel costs and introducing consumer-grade prices for trips.

6. Reduce your company’s carbon footprint

• Work out your starting point by calculating your company’s travel carbon footprint
• Design a green business travel program, which creates data-driven strategies to increase employee commitment
• Choose economy class
• Reduce your fuel consumption where possible
• Pick low-emission airlines and avoid layovers
• Vet your accommodation for sustainability practices
• Utilize green travel tax breaks

The bottom line: it's time to upgrade your travel management

Let’s bring it all together.

• Choose a smart booking tool – Meet everyone’s needs
• Share the burden of travel support – Don’t try to do this alone
• Set up cost centers and labels – Let the tool reflect the business
• Create policies and approval workflows – Put the policy inside the booking process
• Improve collaboration between admin and finance – Grab invoices and reports

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• See our platform in action . Trusted by thousands of companies worldwide, TravelPerk makes business travel simpler to manage with more flexibility, full control of spending with easy reporting, and options to offset your carbon footprint.
• Find hundreds of resources on all things business travel, from tips on traveling more sustainably, to advice on setting up a business travel policy, and managing your expenses. Our latest e-books and blog posts have you covered.
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The Top 10 Corporate Travel Management Solutions

Compare corporate travel management solutions that facilitate travel booking, expense tracking, and policy compliance features to optimize and streamline business travel..

• 1. Amex GBT Egencia
• 2. Coupa Travel
• 3. Emburse Certify Corporate Travel Management
• 6. Routespring Travel Management
• 7. SAP Concur Travel
• 8. TravelBank
• 9. TravelPerk
• 10. Webexpenses Corporate Travel Management

Corporate Travel Management solutions help finance teams, as well as travelling employees, to handle business travel requirements more easily. These platforms manage the travel experience end-to-end, with tools for planning and booking travel arrangements, including hotels, flights, and car rentals, along with budgeting, spend tracking, and expense management functionality. The goal of these solutions is to alleviate the stress of managing corporate travel and save companies both time and money.

These platforms are usually offered as a centralized portal, allowing you to consolidate all information in a single location. Key features of these solutions include travel planning, itinerary management, expenses management, policy controls for finance teams, and comprehensive audits. In addition, these tools provide reporting and analytics capabilities that enable organizations to understand travel spend, identify trends, and make informed decisions for future savings. From the travelling employee’s perspective, the best solutions will offer a mobile app, enabling easy scheduling, automated expense reporting, and a clear travel itinerary. 

There are a number of corporate travel management solutions available on the market, each offering different ways to take the hassle out of business travel. From startup-friendly offerings with basic features to comprehensive platforms for large enterprises, the market varies widely. This guide will identify the best corporate travel management solutions for a range of use cases. In each instance, we’ll assess their features, integration capabilities and ease of use.

Egencia, a division of American Express Global Business Travel (Amex GBT), offers a comprehensive global travel management platform that is used by over two million travelers worldwide, in over 9000 companies, across 60+ countries.

Egencia streamlines corporate travel management by providing a user-friendly interface equipped with up-to-date travel information, making modifications, bookings, and a simplified employee travel approval process. The platform easily manages expenses, itineraries, and travel policies, ensuring optimal ease for organizations of varying sizes.

One of the key features of Egencia is its policy compliance tool. This feature allows for the creation of pre-approved travel options, thereby simplifying the approval process and promoting company-wide compliance. The platform is routinely updated with comprehensive reporting and analytics for consistent policy performance checks. Egencia also offers robust risk management tools, partnering with top security providers to ensure traveler safety. Features like “Traveler Tracker” and “Incident Awareness” keep users updated about security risks, helping them make informed choices.

Egencia also simplifies expense management by offering automated expense reporting. Egencia’s Open Sync and Open Connect features allow for seamless integration with a variety of expense management providers or simple spreadsheet applications. The platform provides an intuitive, user-friendly experience, guiding travelers to make in-policy bookings while allowing for adaptability in higher risk scenarios.

Coupa Travel is a business travel management platform that is designed to optimize and simplify the process of handling travel expenses. This solution enables finance teams to control costs, while providing a streamlined experience for employees to arrange their corporate travel.

Coupa Travel’s integrated system reduces organizational risk by eliminating silos and automating manual tasks, capturing all travel expenses. It also facilitates AI powered smart decision-making for your travel program that can lead to cost savings and increased employee satisfaction.

A key feature is personalized trip itineraries. With inputs regarding locations and timings from travelers themselves, Coupa creates suitable travel schedules, whilst taking company policies into account. A rules-based engine allows travelers to access travel information and links to relevant resources. Coupa Travel also assists in expenses and purchasing. With the support of Community.ai, Travel Insights provides a comprehensive view of an organization’s travel expenditure and points out saving opportunities.

Coupa Travel also guarantees the highest level of support for travelers, having partnered with travel management company Travel Leaders Corporate. The platform also offers immediate access to savings on various airlines, hotels, and other travel services via Coupa Advantage. Given its mobile-friendly design, employees can manage all their travel arrangements from any device with ease.

Emburse Certify is a corporate travel booking software designed to drive policy compliance and simplify the travel process for employees. It offers a user-friendly online booking platform that allows business travelers to book from anywhere, while remaining compliant with company policies. The platform is designed to help businesses maximize savings and the return on investment from their corporate travel.

Emburse Certify Travel empowers employees to manage their own travel with its robust online booking tool, ensuring spend remains within set limits. It features automated policy compliance, pre-trip approvals, integration with established travel management companies, phone, chat and email support, corporate fares for air, rail, hotel and car rental and seamless expense management integration. It also offers flexible reporting capabilities for identifying trends in travel and expenses and negotiating better rates.

Emburse Certify Travel’s cloud-based software is designed for ease of travel booking and tracking for employees, while providing insights into travel spending for employers. It integrates with travel and expense management software for seamless operation. With its online booking, policy compliance management, and workflow control, corporate travel management is streamlined.

The software is part of the broader Emburse ecosystem, which includes features such as Emburse Cards, Emburse Spend, and Emburse Go. Additionally, Emburse Certify Expense application provides deep visibility into travel and expense data, assisting in policy compliance and rapid reimbursements. Emburse Certify Payments allows for rapid global employee expense reimbursements and vendor payments.

Itilite is a corporate travel management software aimed at both simplifying corporate travel bookings and helping companies achieve financial savings. The platform provides a one-stop solution for companies to book flights, hotels, and car rentals. This also includes round-the-clock live agent support via call, chat, and email, ensuring no traveler is left unsupported.

Itilite’s platform includes robust expense management tools, such as automated audits, policy checks, digital receipts, and an expedited process of reimbursement. This consolidated travel management platform supports corporate travel, expense management, and corporate cards in a single, comprehensive system.

Itilite integrates with a wide range of enterprise systems, including HRMS, accounting solutions, SSO systems, and CRM systems The Itilite corporation travel management solution includes real-time access to data reports and an inbuilt corporate card solution, with no out-of-pocket expenses for employees. This results in a streamlined solution for corporate payments.

Navan is a comprehensive business travel and expense management solution designed to enhance efficiency, control costs, and increase visibility. The platform simplifies business travel, from booking to managing costs and expenses. It integrates all parts of the process within a user-friendly interface, offering employees the flexibility to handle travel arrangements, while enabling companies to maintain full control over their corporate travel program.

This solution provides enterprise-level automation and exclusive rates to streamline bookings and expense management. Navan’s core offering includes a platform for easy online travel bookings with 24/7 support, personalized travel management, and access to a range of travel services. With adaptive spending policies, live data reporting, and sustainability monitoring, Navan aims to fulfill the unique needs of all stakeholders in the business travel process.

For managing expenses, the Navan platform offers corporate cards to simplify payments and automate expense reports. Spending policies can be incorporated into these corporate cards, helping businesses deter out-of-policy expenditures. The platform also allows for swift global reimbursements and provides real-time reporting to make data-driven decisions. Moreover, Navan offers a unique reward program to incentivize employees, making it a popular choice for businesses of various sizes worldwide.

Routespring is a travel management software designed to automate various corporate travel processes. The software enables teams to manage group bookings, synchronize schedules, and generate optimized travel itineraries that align with company policies. Routespring automates most travel management workflows and integrate travel details with well-known business tools and calendar apps.

Routespring ensures visibility in travel policy compliance through its automated in-app approval process. This feature enables custom creation of different policy controls and approval workflows to cater to the various needs of different groups. The software also offers a comprehensive inventory, providing instant access to numerous full-service and low-cost carriers, as well as accommodation properties globally and ground transportation in over 35,000 locations.

Routespring facilitates the handling of travel finances by providing centralized payments for all travels, reducing administrative overhead in reconciliation. The software offers customizable tags for categorization of expenses and integrates seamlessly with existing financial systems. The platform also automates expense tracking, ensuring policy compliance and simplifying audits.

The platform comes with a user-friendly mobile app that gives travelers easy access to their travel plans and destination details. The app also allows travelers to submit travel requests and receive instant confirmations once approved, while retaining their preferences for brands and loyalty programs. Routespring offers its service without extra charges for last-minute requests and aims to eliminate the need for reimbursement processes, allowing employees to manage their own travel and access 24/7 support.

SAP Concur Travel allows employees to manage their own travel bookings in accordance to company expense policies. SAP Concur Travel simplifies the travel booking process, drives efficiency, and promotes policy compliance, while offering a user-friendly mobile application.

SAP Concur Travel offers a range of benefits as a standalone solution and provides a concrete return on investment with its industry-leading features. When integrated with Concur Expense, the platform provides a comprehensive spending solution.

This combined system offers a consolidated view of spending, auto-populated travel bookings in expense reports, and expedited employee reimbursement. SAP Concur Travel is flexible, with top-comprehensive security measures.

The SAP Concur Travel platform offers a modern user interface across platforms and devices. It also grants customers access to a comprehensive network of travel suppliers and puts them in touch with a global community for deeper insight, practical tips, and user-centric discussions.

TravelBank is a comprehensive platform designed for optimizing business travel expenses. It provides end-to-end capabilities ranging from round-the-clock travel assistance to integrated expense tracking. This platform aims to control, regulate, and provide real-time visibility into business travel spend, thus maximizing work productivity and reducing errors.

Key functionalities of TravelBank include the ability to sync with any card to reconcile transactions and create virtual cards. By streamlining the process of expense management, it enables savings in employee time, whilst reducing efforts spent on capturing and processing expenses. It also offers a user-friendly dashboard delivering clear insights into spend, leakage, and trends. This facilitates precise budget management and smarter decision-making based on fully customizable reporting.

TravelBank allows employees to book all travel services in one place. With TravelBank, bookings are automatically included in an employee’s expense report, simplifying expense tracking during trips. Additionally, the platform incentivizes cost-saving behavior by rewarding employees when they underspend their budget. With seamless integration, TravelBank is compatible with popular ERPs, HR, and banking software, catering to the already established systems within your organization.

TravelPerk is a comprehensive business travel tool designed to simplify and optimize corporate travel management. Its capabilities range from seamless booking to efficient travel management. With its FlexiPerk feature, the company provides flexibility through refundable booking services where users can cancel any booking anytime and get 80% of the cost back.

TravelPerk’s key features include its 24/7 customer support, GreenPerk for sustainable travel options, and efficient integrations with numerous apps. The all-in-one solution covers the entire travel process from booking to expensing, offering robust features for convenient team management of travel programs.

TravelPerk offers built-in policies for ensuring travel compliance. Its system allows businesses to establish and adjust their travel policies, enabling employees to plan travel itineraries whilst adhering to policy guidelines. Its transparent management system caters to the needs of a travel manager by ensuring visibility and real-time traveler data. Additionally, TravelPerk offers a centralized invoicing system and negotiated rates, further aiding in the optimization of corporate travel costs.

TravelPerk’s capabilities extend further to manage travel expenses and provide real-time data on projects, teams, date, and location. It also offers a real-time view of a company’s carbon footprint and solutions for easy VAT recovery.

Webexpenses provides expense management, invoice processing, and payments services designed to streamline processes and minimize errors in corporate travel booking. The platform is adaptable and scalable, catering to businesses of all sizes across various sectors. Its product suite includes a mobile app that provides simplified expense management for travelers and allows for quicker reimbursements, typically within a day.

Webexpenses offers a Travel Expense Management and Reimbursement platform that makes the process of submitting, approving, and reporting business expenses easier. Features include user-friendly mileage reimbursement tools, intelligent receipt matching that automatically aligns receipts with their corresponding credit card purchases, and an automated petty cash manager. To ensure company data security, the application encrypts sensitive information to the highest security standards via Amazon Web Services.

A central feature of this platform is the policy compliance system. Teams can build specific company expense policies into the expense management platform, making it easier for users to adhere to guidelines. The system blocks out-of-policy claims using proactive policy enforcement and automated alerts. The software integrates with over 50 accounting systems, enhancing company budget and expenditure control.

The Webexpenses mobile app helps manage expenses on the go by allowing users to snap a picture of their receipt and swiftly generate a claim in seconds. The platform also allows admins to easily review, approve, reject, and track expense reports.

Everything You Need To Know About Corporate Travel Management Solutions (FAQs)

What are corporate travel management solutions.

Corporate Travel Management solutions are tools that enable finance teams to manage enterprise traveling. Travelling for work can be stressful for employees, who must manage their budgets, work, and travel itinerary. Work travel can also be a stress for finance teams, who must be able to reconcile expenses, and manage travel policies for all travelling employees.

Corporate travel management solutions aim to reduce this stress, with a set of features to improve the travel experience for employees and give finance teams visibility over enterprise travel expenses. This includes managing expenses, logistics, travel reports, and invoices. These tools can help teams to better manage budgets and control costs, resulting in increased employee confidence that when they travel it will be easy to submit and manage expenses.

How Do Corporate Travel Management Solutions work?

Corporate Travel Management solutions enable finance teams to control travel budgets and help reduce stress for travelling employees. This is delivered through a range of features including itineraries that cover flight details, travel times, and cost breakdowns, budgeting features, spending allowance limits, and live chat. Some solutions will offer partnerships with travel forms to recommend airlines, hotels, and rideshare providers.

Corporate Travel Management software is typically delivered via a web-based dashboard for finance teams to manage and track expenses, reports, audits, and manage policies. End users can access the service on a mobile app to view their own personal itineraries, submit expenses, and track budgets. Top solutions will also integrate with other HRMS and accounting tools, such as Netsuite, SAP, Oracle, Quickbooks, or Workday.

What Features Should You Look For In Corporate Travel Management Solutions?

When selecting a corporate travel management solution, Expert Insights recommends considering the following key features:

• Travel Planning Features: Flight booking, car rentals, hotel booking, and taxi booking in one platform for employees
• Itinerary Management: Itinerary planning, timetables, costs, and travel plans should be clearly laid out and visible to all parties
• Expenses Management: Employees should be able to easily track and manage expenses in real time with spending limits where required
• Budget Management: Budgeting controls and audits, with clear limits set for employees and clear tracking of spend
• Policy and Compliance: Automated policy compliance workflows, with approvals for travel and spend
• Support: Phone, chat, and email support
• Integrations: Integrations with other HR platforms, accounting tools, and CRM solutions

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Modern corporate travel management for the fast-changing travel landscape

Manage risk. Support traveler wellbeing. Plan for the future. How can Egencia™ help you modernize your corporate travel program?

The only proven global B2B travel tech platform

Egencia is always working to deliver travelers, travel managers, and travel arrangers unrivaled choice, value, and experience, with the powerful backing of Amex GBT.

We’re in a league of our own

Our platform can be optimized for all types of users, in companies big or small.

Tech is in our DNA   We originated in the labs of global tech giants and now we are a part of the most valuable B2B travel solution in the world.

AI-driven insights   Our AI delivers custom user experiences that add value to your company’s travel program.

Suite of APIs   Amex GBT Egencia’s open API platform gives you the ability to build robust integrations that help you automate, connect and simplify your travel and expense management.

Unbeatable travel content We lead the industry with over 290 global airlines and 650,000 lodging partners.

Industry-first NDC capabilities Amex GBT Egencia is the first to offer new distribution capabilities to our clients. 

Amex GBT Egencia Preferred Rates  We offer the best value for business travel with access to special discounted air fares.

The unique content from Amex GBT Egencia provides unrivaled choice and value for air, hotel, car and rail.

Our technology-driven customer service and commitment to excellence puts Amex GBT Egencia on another level.

Industry leader in service Our platform and services are consistently rated above 95% satisfaction by customers.

Best-in-class traveler support We provide services to over 2 million travelers in over 60 countries.

Globally proven Amex GBT Egencia proudly supports over 9,000 companies of all sizes around the world.

Constant innovation We consistently deliver enhancements and innovation across our online and offline services.

Smartest shopping experience Our technology provides the smartest, quickest shopping experience to give the best routes and rates based on user preferences.

Proven optimization Our AI and machine learning delivers the best experience and enhancements for savings, traveler wellbeing and sustainability.

We lead the industry in innovation, with data insights from 100s of millions of transactions every year.

The world's business travel platform

• Companies of all sizes in more than 60 countries trust Amex GBT Egencia to modernize their corporate travel programs
• We deliver simple, consumer-like business travel that users love and fast, knowledgeable support for unexpected moments
• With a globally consistent platform and skilled travel program management, rest assured your travel program is optimized to manage risk while maximizing ROI

Ready to update your travel program?

If now is the time to redesign your corporate travel program to manage risk, support traveler wellbeing and monitor your travel spend, this toolkit can help.

Amex GBT Egencia helps you stay connected

14 million business trips were made with Amex GBT Egencia last year. As your travel management company, we’ll be with you every step of the way.

Managing travel risk

Travel risk management has never been more important. Find out how you can manage risk, deliver duty of care and make your business travelers feel secure.

• A comprehensive and quickly adaptable business travel policy is crucial. Use this free guide to help you create a travel policy that adapts to your needs.
• Make traveler wellbeing a priority. Inform, alert and assist them in real-time via the mobile app and online booking tool
• Reduce risk by improving travel policy compliance

Putting traveler wellbeing first

You want employees to feel fully supported from the time they book until they return home. Amex GBT Egencia travel experts are ready to assist.

• Learn how you can enhance your duty of care policies for travelers
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Even as the travel industry changes, businesses still need to make strategic decisions based on cost and ROI. Amex GBT Egencia can help you boost your bottom line.

• Gain insights, identify savings and optimize travel spend in real-time with Amex GBT Egencia Analytics Studio
• Find out how Umpqua Bank maximized their business travel ROI with Amex GBT Egencia
• Amex GBT Egencia travel services can help simplify expense management . Easily track travel expenses that reflect spending with personal or corporate credit cards
• 19 ways our travel management solutions can help you save time and money

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10 Largest Travel Companies In The World

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Travel, while rewarding, can also be stressful. With so many options for flights, hotels, and rental cars, and so many variables that can quickly go wrong, it’s all too easy for a relaxing vacation or a productive business trip to quickly become harrowing and unnecessarily expensive.

Because of this, individual travelers and companies who require their employees to travel have been hiring experts to plan trips and handle unexpected hurdles for them for decades.

Now, thanks to the internet, travel companies have shifted to also providing tools for travelers to book their own trips with the same access, discounts, and assurance they’d receive if they hired an agent to do it all for them.

If you prefer to have someone do it all for you, though, many of these organizations still provide live service via their travel agents as well.

There are a number of these travel companies around the world, and in this article, you’ll find a list of the top ten ranked by sales revenue in 2019.

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10 Largest Travel Companies in the World

Expedia Group . Seattle, Washington , U.S.A.

2019 Sales Revenue: $107.9 billion

Founded in 1996, Expedia Group is an online travel company that uses its online platforms to help travelers find flights, hotels, and other travel services without having to hire a travel agent . It has three business segments through which it serves individual customers, creates partnerships with businesses, and generates advertising revenue.

Expedia started out as a division of Microsoft. In 1996, Microsoft launched the website that is now Expedia.com as Microsoft Expedia Travel Services, one of the first online travel agencies. In 1999, Expedia was spun off into a public company.

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Booking Holdings . Norwalk, Connecticut , U.S.A.

2019 Sales Revenue: $96.4 billion

Formerly The Priceline Group, Booking Holdings was founded in 1997 with the launch of Priceline.com, an online travel website that used a bidding model for pricing. It then began to expand its portfolio by acquiring travel companies and changed its name to Booking Holdings in 2018.

Today, Booking Holdings operates through six brands: Dutch startup Booking.com, the company’s original Priceline platform, Singapore-based accommodation booking program Agoda, car hiring platform Rentalcars.com, travel search engine Kayak, and restaurant reservation provider OpenTable.

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American Express . Jersey City, New Jersey , U.S.A.

2019 Sales Revenue: $34.1 billion

American Express Global Business Travel (referred to as GBT) is an organization that works with businesses to help them organize and manage their travel programs.

GBT helps clients easily find the best deals, book flights, hotels, and meeting venues, manage the risk that comes with their travel programs, and support travelers as they go in case their flights get canceled, or they run into other snags.

Even though GBT started as a part of American Express and has kept its name, the company is now a joint venture between American Express and several other investors.

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BCD Travel . Utrecht, Netherlands

2019 Sales Revenue: $27.5 billion

Similar to GBT, BCD Travel offers travel consulting and management services to companies. BCD Travel operates in 109 countries and boasts a global client retention rate of 98%.

Founded in 2006, BCD Travel was born when BCD Group, a privately owned travel company that owns BCD Travel, purchased and combined TQ3 Travel Solutions Management Holding GmbH, The Travel Company, and WorldTravel BTI.

BCD Travel is based in Utrecht, Netherlands, but it also has its headquarter locations in Atlanta, London, and Singapore. It has one subsidiary, global meetings, and events agency called BCD Meetings and Events.

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Carlson Wagonlit Travel . Minneapolis, Minnesota , U.S.A.

2019 Sales Revenue: $24.8 billion

Originally called Carlson Wagonlit Travel, CWT is a travel management company that was founded in 1994. It serves businesses by providing business travel, meeting, conference, exhibition, incentives, and event management services.

These services are called CWT Energy, Resources and Marine, CWT Meetings and Events, CWTSatoTravel, CWT Solutions Group, and RoomIt by CWT.

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Flight Centre . Montvale, New Jersey , U.S.A.

2019 Sales Revenue: $16 billion

Flight Centre Travel Group is a travel agency that serves both leisure and corporate travelers. It was founded in 1982 in Sydney, Australia, and just 13 years later, the company opened locations in the U.K. and Canada.

FCTG arrived in the Americas in 1995 when it opened up a Flight Centre store in Canada, and it expanded into the U.S. in 2008 when it acquired Liberty Travel and into Mexico in 2015 when it acquired Koch Overseas de Mexico.

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Internova Travel Group. New York City, New York, U.S.A.

2019 Sales Revenue: $7.46 billion

Internova Travel Group was founded in 2008 and owns a variety of travel companies and agencies in over 80 countries. Its main markets are the U.S., Canada, the U.K., and Mexico.

Internova owns over 6,000 travel agencies and represents over 65,000 travel advisors. Internova’s services include luxury leisure and premium corporate travel products, hosting, franchising, and meetings and incentives advisory.

American Express . New York City, New York, U.S.A.

2019 Sales Revenue: $6.93 billion

American Express Travel is an online travel booking platform that allows customers to plan and book their vacations. Unlike the similarly named American Express Global Business Travel, it is a subsidiary of American Express Company.

While you don’t have to have an American Express credit card to use these services, customers who have cards earn points on their purchases, and American Express Platinum cardholders avoid a variety of service fees and access bonuses such as vacation package discounts, dining credits, and room upgrades.

American Express Travel also offers live travel agents available 24/7 to help customers with any travel snafus or questions they may have.

Direct Travel. Centennial, Colorado , U.S.A.

2019 Sales Revenue: $5.8 billion

Direct Travel is a travel management company that focuses its efforts on middle-market customers. It offers corporate travel, meeting and event, and leisure travel services.

Founded in 1980, Direct Travel has over 60 locations in the U.S. and Canada. Since its founding, the company has acquired several leisure travel companies, one of which, Satrom Travel and Tour, Inc., became Direct Travel Personalized Experiences in 2016.

Fareportal . New York City, New York, U.S.A.

2019 Sales Revenue: $5.34 billion

While its services are travel-related, Fareportal is first and foremost a technology company. It has five travel brands that it powers through its software and flight booking technology.

Fareportal operates in North America, Europe, and Asia, offering online booking platforms for both leisure and corporate travelers, 24/7 trip booking services, and live travel agents available to help customers in a variety of locales and languages.

Fareportal partners with more than 600 airlines, one million hotels, and hundreds of car agencies to provide customers with the best options available.

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Abby is a writer who is passionate about the power of story. Whether it’s communicating complicated topics in a clear way or helping readers connect with another person or place from the comfort of their couch. Abby attended Oral Roberts University in Tulsa, Oklahoma, where she earned a degree in writing with concentrations in journalism and business.

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ALTOUR is one of the largest travel management companies in the United States and globally. Serving the corporate and leisure luxury and mid-markets and entertainment community, ALTOUR has over 43 offices and more than 690 travel professionals worldwide. In addition to travel management services, ALTOUR companies include ALTOUR Air, ALTOUR Leisure, ALTOUR Entertainment, ALTOUR Meetings and Incentives and the ALTOUR Global Network. ALTOUR is ranked among the largest travel agencies in the UK by Buying Business Travel and The Los Angeles Business Journal ranks ALTOUR as the #1 travel agency in Los Angeles County. ALTOUR has also been consistently named to the “ CMI 25 ” listing as one of the largest and most influential meetings and incentives companies by MeetingsNet .

Business travel focus – unparalleled expertise.

A global network to increase your worldwide efficiency. Negotiated supplier discounts to reduce your costs. Travel Policy consultation and Budget Management to impact your bottom-line results. Personalized service to simplify your journey.

Travel is personal

We’ll take the time to get to know you, so we can determine what you want — and determine the best way to make it happen. ALTOUR professionals draw on years of experience to give you the expert advice you deserve.

Best of both worlds – the ALTOUR advantage

High volume with client focus. Global presence with local accountability. Concierge service with competitive pricing. The latest technology with depth of experience. Industry knowledge with creativity. You deserve the best of both worlds.

Concierge service at your finger tips

Restaurant reservations, premium car service or even a private jet – responsive concierge service for your demanding lifestyle is only a call, email or text away.

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TTA Canyon Creek Travel

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TTA Cleveland

1468 West 9th Street Suite 100, Cleveland OH 44113

TTA Farragut

11529 Kingston Pike Farragut, TN 37934

TTA Highlands

2525 Bardstown Rd. Louisville, KY 40205

TTA Lafayette

840 Main St. Lafayette, IN 47901

TTA Lakeville

27850 Kenwood Trail Suite 211 Lakeville, MN 55044

TTA Lexington

165 Moore Dr., Ste. 165 Lexington, KY 40503

TTA Louisville

9432 Shelbyville Road Louisville, KY 40222

TTA Mandarin

2970 Hartley Rd., Ste. 100 Jacksonville, FL 32257

Travel Square One

1777 S. Harrison St., Ste. 1005 Denver, CO 80210

Travelmaster, LLC.

12100 West Olympic Blvd., Ste. 300 Los Angeles, CA 90064

Westfield Valencia Town Center 24300 Town Center Dr. Valencia, CA 91355

310 West Center St. Visalia, CA 93291

100 Crossways Park Dr. West Suite 201 Woodbury, NY 11797

Woodland Hills

21800 Burbank Blvd., Ste. 120 Woodland Hills, CA 91367

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ALTOUR Meetings & Incentives Named to 10th Annual MeetingsNet CMI 25 List

Largest member of American Express’s Travel Representative Network

Travel Weekly 2014 & 2015 Travel Management Company (TMC) Power List

Best Places to Work in Los Angeles since 2009 by Los Angeles Business Journal

ALTOUR ranked largest travel agency in Los Angeles County in 2015 by the Los Angeles Business

CMI 25 by Meetings Net, 2014

Ranked #21 largest private company Los Angeles Business Journal, 2014

Ranked among the largest travel agencies in the UK by Buying Business Travel, 2014

ALTOUR was honored as the Gold Winner in the 2014 Travel Weekly Magellan Awards for our website

Travel + Leisure 2014’s A- List

Condé Nast Traveler- Top Travel Specialists, 2013

Travel Leaders Group and ALTOUR Announce Merger

ALTOUR Announces Business Partnership with Milne Travel

ALTOUR Announces Partnership with Top Flight Travel Management in the UK

Corporate Travel Industry Trending Towards Biggest Shift in Procurement Process in Two Decades

Travel Industry Demands Change: New Whitepaper Finds Travel Managers Are Tired of ‘Buying like its 1995’

Travel Leaders Corporate and ALTOUR Align to Form One Powerful Business Travel Brand Using the Name ALTOUR

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Travel Management Companies: Not Just for Big Businesses

A Guide to Travel Management Companies for Small- and Medium-Size Businesses

One of the biggest benefits of quality travel management companies (TMCs) is that they help companies manage their travel spend.

Traditionally, TMCs have worked mostly with large companies with hundreds or even thousands of team members who will travel for work in any given year. But that’s starting to change in the 21 st century, as even small- and medium-size enterprises (SMEs) are looking for savings in their travel budgets.

Read on to learn more about the specific ways that TMCs can help SMEs with travel management and reducing travel-related costs.

Why are Smaller Businesses so Focused on Travel Management?

It’s clear why behemoths like GM, Kodak, IBM and other large companies would have needed travel management companies in the 20 th century. But what are the driving factors behind much smaller SMEs looking for travel management assistance in the 21 st century?

There’s no clear answer, but experts have provided several theories. Here’s a look at 4 of them:

1. Risk Management

SMEs are more open to working with travel management companies because they do more than just reduce costs — they also help mitigate risk. According to a Business Travel News survey , about 65% of corporate safety and security managers indicate that their focus on risk management has increased in the past 3 years.

2. Job Hopping

Once upon a time, American workers stayed with one company for decades, retiring at the end with a gold watch and a pension. That’s no longer the case. The U.S. Bureau of Labor Statistics found in 2016 that American workers had been with their current employers an average of only 4.6 years.

The theory is that executives from large companies are often moving to SMEs and startups — bringing with them a familiarity with and belief in the value of TMCs.

3. Technological Advancements

Travel management companies are quick to adopt new technology and to make products and services available to clients online. Because of technological advancements in travel management, TMCs’ services are perhaps more accessible to SMEs.

4. Traveler Experiences

Business travel can often be challenging for team members. Traveling employees are away from their homes and their families, and they are often spending short periods of time in different parts of the world — which can lead to severe jetlag and other health issues.

It’s possible that smaller companies are more interested in working with travel management companies as a way to improve both traveler engagement and the travel experience.

What Do You Get From a Quality TMC?

If you’re a travel manager for a small- or medium-size enterprise, you may be wondering what value travel management companies provide. Here’s a look at just 4 products and services that match up nicely with the 4 factors driving SMEs to seek travel management support.

1. Duty of Care and Risk Mitigation

Duty of care is the moral and legal obligation a company holds to keep team members safe while traveling. A good travel management company can help prepare your team members for travel, monitor team members while they’re away, as well as respond to requests for assistance.

Need help getting started with your duty of care strategy? Check out our 10 tips for supporting traveling team members.

2. Cost Savings Programs and Cost Avoidance

Companies today invest a lot of money into business travel. A proven provider of travel management services can provide best-price guarantees while also securing savings on a wide range of common travel-related expenses: flights, hotels, rental cars, parking, etc.

3. Trip Disruption Assistance

The best travel management companies provide real-time support to travelers experiencing trip disruptions. Mechanical problems, severe weather, missed connections and a slew or other disruptions can be a huge problem for travelers and a serious hindrance to meeting business objectives. At JTB Business Travel, we offer a Trip Disruption Assistance Program that is designed for this very purpose.

4. Travel Technologies

This is one of the biggest benefits of working with a quality travel management company: It can provide access to travel technologies that deliver insights to travel managers and helpful tools and connectivity to travelers.

Navigating the world of travel technology can be tricky, though. How can you identify the right technologies for your company? See our guide to making the most of investments in travel tech.

Do You Need a Quality Travel Management Company?

At JTB Business Travel, we aim to help our clients save money while creating better travel experiences for their team members. Behind everything we do is a common sense approach to business travel.

Contact us today to learn more about the services we can provide to small- and medium-size enterprises.

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• JTB Business Travel Partners with Spotnana to Modernize Business Travel Management This pairing of exceptional service and industry-leading technology will benefit small to medium enterprises as they pursue seamless, cost-efficient, and sustainable travel. Torrance, CA, May 1, 2024 – JTB Business Travel, a JTB USA, Inc. brand and leader in providing tailored travel management to small and midsize enterprises, announces its global strategic partnership with Spotnana,Read […]
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• Carry-On Luggage or Checked Baggage: Which is Best for Your Trip? It’s a question that plagues every Traveler from time to time: Should I take carry-on luggage or checked baggage? In some cases, the answer is a no-brainer. Of course, you should take a checked bag if you’re traveling long-distance. Take a checked bag if you’re staying in your destination for more than just a fewRead […]
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Top 10 Travel Companies in the World by Sales in 2020, Travel Industry Factsheet

The Current State of the Travel Industry

As economic prosperity rises all over the world, the top 10 travel companies in the world are contributing to stellar growth and driving critical innovation by leveraging technology in a modern travel industry.

How big is the travel industry?  As the economy for travel and tourism becomes more lucrative for a global audience, the travel industry grows as well. The global travel industry has grown from USD 6.03 trillion in 2006 to USD 8.27 trillion by 2017, growing at a CAGR of 2.9% — making the travel and tourism industry one of the world’s largest industries in the world in terms of global economic contribution (direct, indirect and induced).

• Discover who are the top 10 travel companies in the world by sales in 2020?
• A complete ranking and breakdown of 20 of the top travel companies in the global travel industry right now.
• Travel and tourism industry trends and stats you should know.

BizVibe is already helping the top travel companies in the world connect. Connect and track the latest news and insights from these companies.

Try BizVibe Free

Travel Industry Trends and Stats

• Convenient booking remains the biggest trend in the global travel industry.
• Solo Travel: Leisure travel is no longer just a family affair.
• The travel and tourism industry generated 10.4 percent of all global economic activity last year.
• The travel industry is the second-fastest-growing sector in the world, ahead of healthcare (+3.1%), information technology (+1.7%) and financial services (+1.7%), and behind only manufacturing.
• Last year, travel and tourism increased its share of leisure spending to 78.5 percent.
• Three in five travel companies say they offer customer service via chat.

Top 10 Travel Companies in the World by Sales in 2020

Who are the top 10 travel companies in the world by sales as of 2020? The following is a list of largest adventure travel companies and top travel agencies ranked by sales generated in USD billion.

1.    Expedia Group

What is the best travel agency? That’s a hard and subjective question to answer, but if you were to go by the best travel agency in the world in terms of sales, then your answer is Expedia Group. Expedia Group is an American online travel shopping company for consumer and small business travel. The company is mainly known for its travel fare aggregator websites where you can drop in and book all your travel needs from flights, car rentals, and even hotels. Expedia is also a metasearch engine to search up and plan your entire travel plans.

Expedia is a travel technology company that brought in sales of USD 99 billion last — making it the leaders in sales among the top 10 travel companies in the world on this list. In addition to the main expedia.com website, the company runs multiple websites from the best travel companies including Travelocity and trivago.

• Founded: 1996
• Expedia Group Headquarters: Bellevue, Washington, USA
• Expedia Group Sales: USD 99 billion
• Expedia Group Number of Employees: 24,000

Expedia Group Products and Services

• Classic Vacations
• Expedia CruiseShipCenters
• Expedia Local Expert
• Expedia Partner Solutions
• Hotwire Group
• Travelocity

2.    Booking Holdings

Number 2 on this list of the top 10 travel companies in the world is the American company Booking Holdings Inc. The company is known for operating travel fare aggregator websites and travel and tourism search engines such as its flagship booking.com, as well as Priceline.com, Agoda.com, Kayak.com, Cheapflights, Rentalcars.com, Momondo, and OpenTable. Booking Holdings generated sales of USD 92.7 billion last year, with nearly 90% of its profits coming from booking.com and outside the USA. Book Holdings is truly a global travel company that is expected to continue generating stellar sales within the global market.

• Booking Holdings Headquarters: Norwalk, Connecticut, USA
• Booking Holdings Sales: USD 92.7 billion
• Booking Holdings Number of Employees: 24,500

Booking Holdings Products and Services

               .

• Cheapflights

3.    American Express Global Business Travel

American Express Global Business Travel (GBT) is 3 rd on this list of the top 10 travel companies in the world. GBT is a corporate management travel company operating under a 50% ownership stake from American Express. GBT is known as a business travel management company, major corporations use GBT’s services to manage corporate travel and meetings programs, providing services and support to business travelers.

Last year, GBT brought in sales of USD 33.7 billion — making it one of the top travel companies going by sales figures.

• Founded: 2016
• American Express Global Business Travel Headquarters: Jersey City, New Jersey, USA
• American Express Global Business Travel Sales: USD 33.7 billion
• American Express Global Business Travel Number of Employees: 17,400

4.    BCD Travel

BCD Travel ranks 4 th on BizVibe’s list of the best travel companies by sales figures in 2020. BCD Travel is a provider of global corporate travel management and the largest travel company in the Netherlands. Currently, the company operates in over 109 countries and last year generated USD 27.1 billion in sales. BCD Travel’s parent company is BCD Group, a privately held Dutch company focused on travel services and corporate travel management.

• Founded: 2006
• BCD Travel Headquarters: Utrecht, Netherlands
• BCD Travel Sales: USD 27.1 billion
• BCD Travel Number of Employees: 13,800

BCD Travel Products and Services

• Travel management
• Travel consulting, meetings and events

5.    CWT

Formerly known as Carlson Wagonlit Travel, CWT ranks 5 th on this list of the top 10 travel companies in the world by sales in 2020. CWT is a travel management company that manages business travel, meetings, incentives, conferencing, exhibitions, and handles event management. The company is known for running a top tier B2B travel management platform, offering business travel, technology, and meetings and events management across 145 countries.

Last year, CWT generated sales of USD 25 billion — making it one of the top travel companies in the world in terms of transactional sales.

• Founded: 1994
• CWT Headquarters: Minneapolis, Minnesota, USA
• CWT Sales: USD 25 billion
• CWT Number of Employees: 18,000

6.    Flight Centre Travel Group

6 th on BizVibe’s list of the top 10 travel companies in the world is Flight Centre, the largest retail travel agency in Australia.  Flight Centre is headquartered in Brisbane and was founded in 1982. Flight Centre operates over 2,800 stores and offices under various retail and corporate brands in n Australia, New Zealand, United States, Canada, United Kingdom, South Africa, Hong Kong, India, China, Singapore, United Arab Emirates, and Mexico.

Last year, Flight Centre generated USD 16 billion making it one of the top travel agencies in the world by sales numbers. 50% of the company’s sales come from leisure and 50% from business.

• Founded: 1982
• Flight Centre Headquarters: Brisbane, Queensland, Australia
• Flight Centre Sales: USD 16 billion
• Flight Centre Number of Employees: 20,600

7.    Travel Leaders Group

Ranking 7 th on BizVibe’s list of the top 10 travel companies in the world is the Travel Leaders Group, a multi-unit travel industry company headquartered in New York City that has more than 7,000 company-owned, franchised and affiliated travel agency locations in the United States, Canada, the United Kingdom, and Mexico. The company has more than 52,000 travel agents worldwide and last year generated sales of USD 7.12 billion — making it one of the best travel agencies around. USD 3.73 billion in sales come from 52,000 hosted agents.

• Travel Leaders Group Headquarters: New York City, New York, USA
• Travel Leaders Group Sales: USD 12 billion
• Travel Leaders Group Number of Employees: 4,000

8.    American Express Travel

American Express Travel is a full-service global travel and lifestyle network and 8 th on this list of the top 10 travel companies in the world by sales. Last year the company generated sales of USD 6.27 billion. In March 2014, American Express announced that it signed an agreement to create a joint venture for business travel and spun off its corporate travel business like American Express Global Business Travel

• Founded: 1915
• American Express Travel Headquarters: New York City, New York, USA
• American Express Travel Sales: USD 6.27 billion
• American Express Travel Number of Employees: 5,000

9.    Direct Travel

Direct Travel is a leading travel management company, DT creates personalized solutions through an agile approach to corporate travel, meetings & events, and leisure. The company ranks 9 th on BizVibe’s list of the top 10 travel companies in the world due to its stellar sales figures — generating USD 5.4 billion in transactional sales last year.

DT sells directly to consumers for corporate travel, meetings and incentives, group travel, and leisure vacations., with 87% of its sales coming from its business segment; 8% from leisure, and 5% from all other avenues.

• Founded: 1980
• Direct Travel Headquarters: Centennial, Colorado, USA
• Direct Travel Sales: USD 5.4 billion
• Direct Travel Number of Employees: 2,000

10.  Corporate Travel Management

Rounding out BizVibe’s list of the top 10 travel companies in the world in 2020 is Corporate Travel Management, a global provider of innovative and cost-effective travel solutions spanning corporate, events, leisure, loyalty, and wholesale travel. CTM provides local service solutions to customers around the world, through a blend of CTM owned and operated offices and a network of independent partner agencies. Last year, CTM generated USD 5 billion in sales — making it one of the top travel companies in the world by sales numbers.

• Corporate Travel Management Headquarters: Denver, Colorado, USA
• Corporate Travel Management Sales: USD 5 billion
• Corporate Travel Management Number of Employees: 725

This is BizVibe’s list of the top 10 travel companies in the world in 2020 by sales. These companies are changing the way businesses are pushing the boundaries in the global travel industry and are leveraging technology to push travel agencies and corporate travel management to new heights.

Reach out to the top travel companies on BizVibe today.

Top Travel Companies by Sales in 2020

The following is BizVibe’s complete ranking of the top travel companies in the world by sales figures in 2020.  This list of travel companies are paving the way for success in the travel industry, connect with them on the BizVibe platform to track the latest news and insights from these companies.

The Future of the Global Travel Industry

What’s the future of the global travel industry? As economic prosperity rises throughout the world, the travel industry will be flooded by people from all over the world, and businesses are going to be at the forefront of this growth pushing their services to meet demand. Expect the top 10 travel companies in the world to continues pushing the industry to new heights. The main thing to keep in mind going forward as more people travel from all over the world is that the future will be about more travelers and easier to reach places

Connect on BizVibe

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The world’s most exciting destinations

From the world’s most professional DMCs

DMC Moscow invites you to visit our wonderful country.

Moscow is not only the political, cultural, and business centre of modern Russia, but also one of the oldest Russian cities, with a history that goes back 1000 years and many monuments of original Russian architecture and art. The golden domes of its churches, world-famous museums and theatres, broad avenues with high-rises, and cozy, typically ‘Moscow’ streets with merchants’ houses – all make Moscow one of the most popular tourist destinations. In addition to its unique attractions, Moscow is undoubtedly attractive for its economic and business potential. It possesses a wonderful infrastructure, an extensive choice of hotels, and modern exhibition centres hosting important international exhibitions and congresses. Moscow is one of the most colourful and interesting cities in the world, being equally well suited as a location in which to relax and do business.

 The Moscow region is represented by DMC Moscow , one of the leading Destination Management Companies (DMCs) in Moscow .

125252, str. Zorge 9, Moscow

[email protected]

A dynamically developing company with considerable experience of working in this field, DMC Moscow has shown itself to be a responsible partner. Our success is built on our constant striving for perfection and our quest for new ideas and opportunities in this constantly developing and competitive field.

DMC Moscow was set up by professionals. Our main aim in founding our company was to bring together experience, knowledge, creative ideas, and creative management in the MICE industry so as to be able to offer you high-quality service which is focused entirely on the client. Organizing unique business events requires profound and comprehensive knowledge of the region, advanced technologies, a team of experienced professionals, and, of course, responsible suppliers of services. We are proud to be able to call upon reliable and professional partners who provide excellent quality of service at competitive prices. Our extensive network of contacts throughout the region gives you access to experienced and well-qualified specialists.

As a leading DMC, we offer a wide range of destination-management services to participants in and organizers of conferences, seminars, exhibitions, and incentive tours in Moscow and in popular cities in our region, offering all our clients exceptional quality of service. We are keen to share with you our knowledge and experience in organizing events – including events in the most unusual forms. During the course of any event that we organize our employees will be at your complete disposal from the moment you arrive in Moscow to the moment you leave. We will do everything to ensure that your event is organized in complete accordance with your desires and is carried out to the highest professional standard. We will put together the most attractive programme for you while keeping within your budget.

Destination-management services in Moscow:

If you are planning a business meeting, conference, seminar, corporate event, incentive or teambuilding programme, or business tour, we will make sure that your programme is organized with the minimum of fuss or effort on your part. Any event of this kind will require a range of services, which we can easily tailor them to match your desires and budget. With our considerable experience in realizing international projects, we will gladly prepare and conduct your event to the highest standard. We offer the following services:

Venues for all occasions in Moscow: We will organize inspection visits and help you draw up a detailed programme. We will organize bids competitions to find the right service provider and venue for your event. We will help you choose a venue to suit both you and your business event. You will have a choice of modern and comfortable hotel conference rooms, luxurious state rooms in palaces, and much else besides. We will find the option that works best for your business event.

Incentive programmes and teambuilding events in Moscow: Realization of original ideas and incentive programmes – fulfilment of your every desire in order to ensure that you experience nothing but positive emotions and the best of moods. Incentive programmes are devised for specific groups and are tailored to the particular client’s objectives, desires, and budget. We can organize and conduct a broad range of teambuilding events – something which is of fundamental importance in improving team spirit and fostering understanding, trust, and mutual help.

An individual approach to selecting and booking hotels in Moscow: We will help you choose and book hotel rooms in the most convenient locations and at special rates to suit your desires, budget, and the status of your delegates. The hotels with which we work are always situated in locations which are as convenient as possible for getting around the city.

Organization and holding of conferences in Moscow: The success of a dynamically developing business depends on the promotion of the goods and services which the company offers. For this purpose participation in business events is essential; conferences, in particular, are especially important for corporate image and a company’s work with its partners. We will help you organize and conduct events of whatever complexity.

Logistics, transport services, transfers in Moscow:

Transport services are essential to the success of your event. Our work in this area includes coordination of transport services for participants in corporate events, provision of business and executive-class cars, provision of coaches and minibuses, meets at airports and railway stations, group transfers, exclusive transport for evening events, VIP services, and provision of chauffeured cars (for groups of whatever size). We can also place banners and notices on buses and provide special transport for baggage.

Special events in Moscow:

Special events are an effective way to underline the importance of an event. They include opening and closing ceremonies, evening receptions, exclusive concerts and shows, and gala suppers held in the location of the client’s choice (including the most exotic locations). We can take care of catering and musical accompaniment.

Provision of high-class service staff in Moscow:

We can arrange for uniformed guides in your company’s corporate style, professional translators, designers, scriptwriters, directors, and audio-video equipment and IT solutions.

Excursion programmes in Moscow:

An individual approach to organizing events for both groups and VIP guests. We can arrange special out-of-hours visits to museums and pre- and post-conference tours. We will do everything to ensure that nothing distracts you from contemplation of our region’s unique beauty and cultural attractions.

We are confident that an event which has been professionally prepared and conducted to the highest standard will make an unforgettable impression on all involved.

Big 3 consulting firms: McKinsey, BCG and Bain (MBB)

The Big 3 are the three most prestigious strategy consulting firms in the world. They're also known as MBB, short for McKinsey, BCG and Bain. If you have an interest in making a career in business, you may have thought of applying for a consulting position at one of them. 

But here is the thing - it's hard to know what really makes MBB different from other consulting firms . So let's go over each firm, analyse what sets them apart and discuss which one you should join if you end up getting multiple offers.

Click here for a resume review with an ex-MBB consultant

Who are the big 3 / mbb consulting firms.

Let's take a look at each firm's history, specificities and top alumni to give you a better grasp of what they are like.

McKinsey & Company

The firm was founded in Chicago in 1926 by  James McKinsey , a professor of accounting at the University of Chicago. It started out by offering consulting services on accounting principles as a management tool.

McKinsey grew quickly in the 1940s and 1950s, especially in Europe. But in the 1960s, competitors like the Boston Consulting Group and Bain & Company started competing with McKinsey by marketing specific branded products, such as the  Growth-Share Matrix , and by selling their industry expertise. In the 1970s the firm therefore shifted its focus from geographic expansion to industry specialisation.

Today, McKinsey employs 26,000 staff across 120+ offices and generates $8.8bn in revenues. Many of the company's alumnus have gone on to be CEOs of major corporations and the firm is sometimes dubbed the " CEO factory ".

Top alumnus:

• Sheryl Sandberg , COO, Facebook
• James Gorman , CEO, Morgan Stanley
• Sundar Pichai , CEO, Google
• Oliver Bate , CEO, Allianz
• Lael Brainard , member of the US Federal Reserve's Board of Governor

Example interview questions:

• How many postmen are in New York City?
• Tell me about a time when you were not a formal leader but became a leader.
• Give me the book title and chapter titles for a major accomplishment of yours.
• What would you do if you didn't come to work at McKinsey?
• What do you think is the biggest probem in the economy at the moment?

Useful links:

• Official McKinsey website
• McKinsey Glassdoor page
• McKinsey case interview preparation free guide (by IGotAnOffer)

Boston Consulting Group (BGC)

Bruce Henderson  founded the company in 1963. Initially, BCG was a subsidiary of the Boston Company (an asset manager), before becoming independent in 1975. When BCG started, Henderson decided to focus on external factors such as markets and competition rather than looking at internal issues, which had been the traditional approach pioneered by McKinsey.

Henderson's new approach led to the discovery of important business concepts still used today such as the " cash cow ," the " experience curve ," and “ time-based consumption ”. He summarised these concepts in essays called Perspectives. They remained a BCG tradition and are still influential to this day.

Throughout the 1960s, BCG grew and developed overseas. It suffered a slight setback in 1973 when BCG vice-president Bill Bain left the company to found his own consulting firm, Bain & Co. During the 80s it continued to expand, with a radical boost in growth in the mid-90s.

The early 2000s put BCG under threat because of the economic crisis and rise in technology. But with $5.6bn in revenues and offices all over the world, the firm remains one of the most prestigious strategy houses in the world.

• Indra Nooyi , Chairwoman and CEO of PepsiCo
• John Legend , Musician
• Jeff Immelt , former CEO, General Electric
• Roland Berger , founder, Roland Berger Strategy Consultants
• Benjamin Netanyahu , Prime Minister, Israel
• How many pianos are in Poland?
• Who is the leader you admire most? Why?
• How do you choose members of your team? What attributes do you look for?
• Tell me about two characteristics of your personality you have to improve on.
• How do you manage your work-life balance?
• Official BCG website
• BCG Glassdoor page
• BCG Case interview free guide (by IGotAnOffer)

Bain & Company

Bain & Company was formed in 1973 when Bruce Henderson's protégé Bill Bain left BCG to form his own consulting firm.

Bain & Company revolutionised the consulting industry by taking a different approach to client relationship management. When it started, it decided to only take one client per industry and to focus on developing long-term relationships with these clients.

This enabled Bain to win multiple projects from the clients it focused on and to maximise value per client. Before then, consulting work was mostly done on a project by project basis. And trying to win multiple projects from single clients was not a common strategy. 

The company's CEO Manny Maceda has a 98% approval rating on Glassdoor, reflecting how well employees are taken care of. In fact, Bain has won several "Best Employer" awards and has a strong reputation for taking care of its people's work-life balance.

• Meg Whitman , CEO, HP
• Mitt Romney , former US presidential candidate
• Susan Wojicki , CEO, Youtube
• Mark Pincus , founder, Zynga
• John Donahoe , former CEO, eBay
• How much does a 747 plane taking off from LaGuardia en route to London Heathrow weigh?
• What is the exact angle formed by the hands on a clock when the time reads 9:30?
• How would you evaluate the value of a cow?
• Let's say I'm your manager and you get hired at Bain. At the end of one year, what will I write in your performance review?
• What do you think is the biggest challenge for a consultant? How would you personally cope with that?
• Official Bain & Company website
• Bain & Company Glassdoor page
• Bain Case interview free guide (by IGotAnOffer)

Why does MBB dominate other consulting firms?

McKinsey, BCG and Bain were amongst the first consultancies to be created and have managed to create a virtuous cycle which has protected them from competitors so far. Here’s how it works.

Today, the three firms have a reputation as reliable and innovative problem-solvers. They enjoy higher prestige than other consulting firms lagging behind.

As a result of their higher prestige, they can command higher fees. When inviting consultants to pitch, a CEO would expect McKinsey, BCG and Bain to be slightly more expensive than the rest of the pack.

This in turn means that MBB can pay their employees higher salaries, better bonuses and greater perks (e.g. better flights, nicer hotels, etc.) MBB is therefore on the top of most consulting applicants’ list.

As a result, MBB usually has first pick in the candidate pool and can therefore select the best talent. Having the best talent means they have a higher chance of keeping clients happy, further consolidating the firm's reputation and prestige.

And the virtuous cycle goes on and on.

It’s important to note that this virtuous cycle is not completely indestructible. Certain companies like Monitor were enjoying a similar moat but the company still went bankrupt as a result of financial mismanagement and was later acquired by Deloitte.

Which one should you work for?

If you learn to consistently crack case interviews , it's not that uncommon to receive multiple job offers from MBB. Four of the top factors the candidates we work with usually ask us about are: salary, methodology, work-life balance and exit opportunities. Let's look at them one by one and analyse which firm is best for each.

Best for pay: McKinsey

While Bain and BCG pay generously across all career levels, they lag slightly behind McKinsey, who pays their entry-level consultants an $80k base salary which increases by about 20% every year.

In addition to this base salary you'll also receive an annual bonus of about 20% depending on your personal performance. Finally, you can also expect a signing package and retirement contributions at all three firms.

Best for methodology: BCG

McKinsey, BCG and Bain each have a slightly distinct work approach. But the one that's best known for its frameworks and methodology is probably BCG.

Among other things, it is the inventor of the " growth-share matrix ", a grid with four quadrants representing the four different kinds of products every business has. Cash cows own a large market share but have low growth prospects; wild cats, or question marks, have a low market share but high growth prospects; dogs have low growth prospects and a low market share; finally, stars have high growth prospects and high market shares.

McKinsey and Bain also have their own frameworks. For instance, Bain uses a so-called "balanced scorecard," which is a quantifiable way of measuring a company's performance and whether it is meeting its objectives. And McKinsey is known for its MECE approach, which stands for "mutually exclusive, collectively exhaustive." But neither McKinsey nor Bain have produced frameworks which are as popular as BCG's growth-share matrix.

Best for work life balance: Bain

While salary and methodology are important, your main concern may be having a life outside of work.

As mentioned above, Bain & Company's CEO Manny Maceda has an 98% approval rating on Glassdoor, reflecting how well employees are taken care of at the firm. In fact, Bain has been the only MBB to consistently make Glassdoor's yearly list of the 100 best companies over the last ten years. The company also regularly wins "Best Employer" awards and has a strong reputation for its focus on work-life balance.

Bain seems to have mananed to foster a sense of inclusiveness amongst it employees. Bainees work hard, but they're also expected to support each other and to do everything that's possible to not make hours longer than needed. Finally, Bain are also generous in their parental leave policy, their health insurance plan, as well as the amount of time off on holidays.

Best for exit opportunities: McKinsey

Finally, if you're looking at consulting as a way into business, your main focus is probably on which company will offer you the best exit opportunities. All three are known for their list of reputable alumni in high managerial positions. But McKinsey stands out, having produced some of the world's top CEOs and COOs and being sometimes dubbed the " CEO factory ". Two notable examples of McKinsey alumnus are Facebook's COO Sheryl Sandberg and Google's CEO Sundar Pichai.

McKinsey, BCG and Bain (MBB) are the three most prestigious consulting firms in the world. They have managed to create a virtuous cycle of high prestige leading to higher fees and an ability to attract better talent which makes it hard to compete with them.

If you want to pursue a career in business all of them are a great destination but McKinsey still stands as a leader in terms of salary and exit opportunities. We have some excellent free resources on the different types of McKinsey careers  and McKinsey internships if you'd like to learn more.

Finally, other consultancies specialize in other domains than strategy, such as operations, finance or IT. If strategy consulting is not your goal, then another consultancy than MBB might be a better fit for you.

Either way, remember that you can get your consultant resume up to scratch with our resume review service.