According to history, Cox & Kings, a British company established in 1758 is the oldest business trip company in the world and first catered to rich clients. In the UK, business trip companies are grouped into three: the multiples, the miniples and the independent institutions. The multiples are those covering national chains and are owned by global corporations. The miniples, on the other hand, are companies located in particular regions or places. Whilst independent travel corporations cater to a special market, meaning they reach out to the requirements of the residents to promote their area.
A travel management company can be a private dealer or a public facility offering the public services tied to tourism. Individuals who run this type of company oftentimes act as a third party between suppliers and customers. The suppliers, airlines, hotels and package tours just to name a few are the ones offering tourism services while the customers are those who pay for such services.
Travel management companies have areas that deal with different sort of travellers. For instance, corporate travel is the branch that focuses with commercial travellers or business travellers alone. This branch most of the time has workplaces in other countries apart from their main headquarters.
Basically, the staff in this branch ensures strategic approaches when it comes to trip management. They seal regular communication with the travel suppliers and clients to ensure a smooth sailing travel schedule for travellers. They also ensure the safety and security and business trip expenses of travellers during the travel time.
It isn’t wise to match up a travel company to a corporate travel company because both have its own unique qualities. The former is all about travel management while the latter is a subdivision of the travel company that is more hands-on to business trips. What’s common between the two is that both enjoy the perks of getting commissions for every reservation of flights booked. Nonetheless, did you know that a specific Internet period threatened the business enterprise of travel management company as travellers started making travel negotiations on their own. But then again this field responded by starting online sites and now they are back in the market competitive as ever.