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The first record of investment planning by a corporate agency was by a company called Lincoln in 1958.

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17y ago

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For many businesses that employ many regular business travelers, the amount of time spent organizing and booking trips can be a significant hassle. To save time and money, many businesses should consider hiring corporate travel agencies to handle the planning for them. There are various benefits that come with working with corporate travel agencies to book and plan business trips. The first benefit of using corporate travel agencies to book business trips is the amount of time that will be saved. When planning your own trip, you will need to spend hours filtering through the countless flight and hotel options. With a corporate travel agency, all you need to do is tell them the times when you want to get in and out of the airport, where you want to stay by, and any other details that go into planning your trip. The corporate travel agency will then plan a well organized itinerary for you. Another benefit of using corporate travel agencies to book business trips is cost savings. Corporate travel agencies maintain good relationships with airlines and national hotel chains, which allow them to obtain discounts through bulk purchasing. Since the travel agency is earning this discount, part of the savings will be passed onto your business. Furthermore, since your business will no longer need to worry about booking flights themselves, you could save a considerable amount of money on unneeded administrative help. The third benefit of using corporate travel agencies to book business trips is insurance. When traveling for business, many professionals may need to book or cancel trips at the last minute. For the average consumer, cancelling a ticket for a full refund will require travel insurance, and may be impossible to do at the last minute. Corporate travel agencies, on the other hand, will often be able to provide you with additional insurance in the event that the trip is cancelled. You and your company will either receive a full discount or a full credit to a future flight.