Put the foremost Travel Benchmarking Tool to work for you!
Travel GPA is an excellent complement to the technology portfolio we have put together to help you effectively manage and track your business travel program.
As a travel manager in the current business environment, you may find yourself asking questions about the value your travel program brings to your company; you may want to quickly identify the strengths and opportunities of your business travel program and you may want to benchmark your program against companies within your industry, or region, or with similar travel spend and behaviors. Travel GPA, as part of our overall management program, provides you with the answers to these questions and more…
Establish your Business Travel Program Goals for:
- Air Spend domestic and international
- Policy compliance
- Hotel spend
- Missed hotel night percentages
- Car rental spend
- Average daily rates
- Compliance with air, car and hotel preferred vendors
Benchmark your overall business travel program in:
- Total spend
- Number of tickets
- Average ticket cost
- Average cost per mile
- Lowest segment cost
- Highest segment cost
Analyze and compare detailed supplier information such as:
- Carrier specific spend
- City pair average costs
- Average cost per mile
- Top 10 hotel room rates
- Top 10 hotel spend
- Car rental daily rates
Now you have the right information to focus your resources on the opportunities that will add value to your business travel program… and more.
How it Works
Travel GPA has an agreement with some of the major TMC (Travel Management Companies) which allows it to provide real data in real-time to generate travel report cards for your company. The travel report cards clearly identify positive and negative factors that may be affecting your current travel management program scores.
Travel GPA understands the metrics, knows your industry code and region which ensures that you receive an accurate analysis of how you measure against other programs. Your company’s data is placed into Travel GPA’s system and compared against a live database, giving you the most up-to-date picture of your travel management program.
What it Measures
Travel GPA will base all of its reports on actual net tickets. It takes the total number of invoices and subtracts out credits and exchanges to end with the number of net tickets. This provides valuable benchmark data of actual valid purchases.
Data Sources
The comparison information in the report card is one of the largest benchmarking databases in the industry. The ability of Travel GPA to gather real-time data from many different companies is the greatest strength Travel GPA provides. Any TMC that has subscribed to iBank Travel Management System can transmit their customers’ information to Travel GPA. iBank data includes:
- iBank Agency Data Share
- iBank XML broadcast report submission
- iBank data cleanser submission
Overall ratings of the Report Card
- 1.0 – 2.0 Needs improvement
- 2.1 – 2.9 Average
- 3.0 – 4.0 Excellent
