Business Travel Discounts, Deals and Offers

When not managed well, business travel can create a dent in a company's budget. In the modern age of doing business, companies cannot do away with the need to send employees on business trips. This article explores how corporates can make the most of business travel discounts, prevent unnecessary spending, and save more on business travel. 

Bookings made for employees going out on business trips to foster client relationships can sometimes be challenging to manage. These trips are essential to growing and developing a business, and therefore, companies cannot afford to mismanage them. A travel and expense management solution is the need of the hour, and myBiz readily fulfils that demand with its fully automated, self-booking T&E solution. 

Through myBiz, corporate travellers can make use of the self-booking online tool to plan a business trip. myBiz provides the best of corporate travel management as business travellers not only get travel discounts on hotels but also on flights and cabs by partnering with us. Business travellers can also conveniently cancel their bookings due to last-minute changes that prevent companies from incurring losses. Our business travel solution further makes it easy for business travellers to book through varied filtration processes that can help travellers choose the most optimal alternative. myBiz is an online tool for efficient corporate travel, and it is a part of India's largest online travel company- MakeMyTrip.   

Corporate Deals for Business Travellers

Small and medium-sized enterprises (SMEs) contribute to 70% of corporates travelling in the country. Through myBiz, corporate travellers get unlimited business travel deals and discounts. Here is an example of the benefits offered on hotel bookings on the platform:

 

• Business travellers can easily find many corporate hotel discounts while booking hotel stays. 
• Business travellers can get the luxury of upgrading their hotel rooms at discounted rates. 
• The hotels that are booked through myBiz are equipped with the best amenities for conferences and meetings to offer the ease of working on the go and organizing company events at cost-efficient rates.

Corporate Offers and Tax Benefits

myBiz is the right choice for corporate travel management as it has the ability to play a pivotal role in reducing the amount of time and money spent on business travel. Rather than travellers having to find companies with best travel benefits, myBiz finds the best deal for managing the travel expenses of the company.

 

Additionally, prior to the implementation of the GST regime, corporates had to book mostly through offline sources, which used to be cumbersome. This often posed a problem since corporate travelling constitutes a large part of the expenditure of most companies. Under the new GST regime, however,  companies are required to shift to the online system to get all the benefits of the Goods and Services Tax Act. Hence, by partnering with myBiz, an online self-booking tool, companies are provided with plenty of flexible options that offer assured GST invoices, helping business avail of the benefits of claiming Input Tax Credit (ITC).

 

The benefits of availing of the special corporate deals provided by myBiz include:

• Corporate travellers get B2B special fares on their bookings through the myBiz platform.
• They get the benefit of making changes to bookings. This is due to the reduced cancellation charges for last-minute alterations that offer flexibility to an employee on a business trip.
• When corporate travellers book through myBiz, they are provided with complimentary in-flight meals.
• They also offer free seat selection on flights
• Corporate travel expenses are also minimized as employees have to book through the centralized company wallet.
• Corporate business travellers can also avail of the Input Tax Credit under the GST scheme by getting GST invoices from hotels and airlines. 
• The myBiz app provides a detailed and transparent report on the financial controls of the company, and business travellers can save plenty of time on approvals thanks to automations.

 

myBiz thus suitably streamlines the business travel processes for corporates and its employee. This largely helps small and medium-sized enterprises (SMEs) in making business travel arrangements with ease. Furthermore, the corporate travel discounts are an added benefit of using our travel and expense management solution for securing higher savings.

What Are Corporate Travel Rates?

 

Corporate rates refer to the special rates offered by travel industry suppliers to companies. These are discounted rates on travel bookings. These rates can either be fixed in nature or can be negotiated depending on several factors. Corporates travel discounts are offered on:

• Flight tickets
• Bus fares
• Hotel accommodations
• Ground transfer
• Gift cards
• MICE

…and more.

 

Why Corporate Rates?

 

Corporate travel has emerged as a massive industry with so many employees travelling all across the country and beyond, every day. It, therefore, makes sense for travel service providers, namely hotels, flights, and rental car suppliers, to place value on nurturing relationships with businesses for higher profit margins. Loyalty with the corporate travel industry pays off, and this is the reason behind travel management companies like myBiz being able to offer corporate discounts to their partners. Travel discounts for small businesses are even more lucrative as it significantly increases their savings while also controlling unnecessary expenditure with easy policy integration.

Benefits of Corporate Travel Deals

 

By partnering with an ideal travel management company, businesses can avail of travel discounts that will enable-

• Greater Convenience- Consolidated business travel programs can eliminate the headache associated with planning, managing, and organizing trips for employees. This is easily ensured by the tools offered by a TMC for easy booking and monitoring of expenses.
• Higher Savings- Corporate rates can easily benefit any company as they enable more savings with exceptional corporate deals and discounts.
• More Control- Trip reservations made through a travel management tool not only offer discounted rates but also ensure that each travel discount booking is integrated with the company’s travel policy, offering more transparency and visibility over your spending.
• Better Perks- Corporate deals not only ensure savings, but they often come with additional perks for business travellers like free in-flight meals, seat selections, etc.

Partnering with a business travel management platform like myBiz can provide your company with numerous advantages, including access to the best deals and offers, as well as increased savings through special contracted fares. This can not only improve the process of making bookings, but also enhance your overall corporate travel experience. A good travel program can lead to significant savings and provide comprehensive business travel solutions for hotel, flight, cab, and bus bookings, all on a single platform.

Frequently Asked Questions (FAQs)

 

Q1. What is a corporate travel discount?

Ans. Partnering with a travel management company enables companies to gain from the discount programs and the buying power of the TMC. This helps businesses get discounts on flights, hotels, cab bookings, and more.

Q2. How to get corporate booking discounts for flights?

Ans. Using a TMC like myBiz can help companies get corporate fares on flight bookings, helping them to save significantly.

Q3. Why do hotels offer corporate rates?

Ans. Hotels recognise the benefit of offering corporate deals to companies because they get bulk bookings on stays and M.I.C.E like events, conferences, workshops etc. Additionally, loyalty to the companies ensures more profit for the hotels in the long run.

Q4. How can small businesses ensure more savings during business travel?

Ans. Partnering with an online travel agency like myBiz is the ideal option to save more with the reduced corporate fares on business travel bookings alongside best-in-class offers and discounts.