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With a legacy dating back to 1948, AEG Travel Services started as a proprietary setup of American Express and is now a proud partner of American Express Global Business Travel in Pakistan. (NYSE: GBTG).
Challenge:
A large financial services firm faced a substantial spike in its travel expenditure vs the previous year even though the number of outstation meetings decreased.
Our Solution:
AEG Travel analyzed the unusual spike in the company's travel expenditure through its opportunity loss report. This report highlighted that for around 40% bookings the travelers chose airlines with higher fares while for the same itinerary other low-cost carriers/budget friendly airlines were also available. For e.g. In bookings from Karachi-Dubai Emirates airline was chosen majority of the times instead of Flydubai which is more cost friendly.
Furthermore, the client was also informed that this year 60% of their business travel bookings were made with less than 10 days of travel left. They were advised that if these bookings were made earlier the cost would drastically decrease.
Thus, the inefficient travel management on the clients' end was highlighted. To optimize travel expenditure a travel policy was proposed by AEG where the travelers were obliged to plan international travel at least 30 days before travel. Moreover, an approval mechanism was developed for all international travel so the management could ensure that budget-friendly airlines were chosen.
Results:
Cost Savings: Reduced travel expenses by 30% through implementation of the travel policy & approval mechanism.
GBT Travel Services UK Limited (GBT UK) and its authorized sublicensees use certain trademarks and service marks of American Express Company or its subsidiaries (American Express) in the "American Express Global Business Travel" brand and in connection with its business for permitted uses only under a limited license from American Express (Licensed Marks). The Licensed Marks are trademarks or service marks of, and the property of, American Express. GBT UK is a subsidiary of Global Business Travel Group, Inc. (NYSE: GBTG). American Express holds a minority interest in GBTG, which operates as a separate company from American Express. AEG Travel Service (Pvt) Ltd. is an authorized sublicensee of, and operates as a separate company from, GBT UK.
We began operations in 1948 as a proprietary setup of American Express in Pakistan, since then, we have become a trusted brand with a track record of reliability and innovation.
