The top business travel management platform in 2025
According to the Global Business Travel Association (GBTA), 64% of businesses have reported increased spending on business travel in 2024 compared to 2023. In fact, according to an estimate from GBTA, business travel spending could reach nearly $2 trillion – yes, trillion – by 2028. This escalating expense underscores the need for efficient corporate travel services.
As companies continue to navigate post-pandemic dynamics when it comes to business travel, the need for effective travel management has never been more vital. Rising costs and logistics challenges have pushed companies to look for innovative and optimized business travel solutions.
Enter the travel management platform, which reduces financial burdens and streamlines the entire process. But with so many options, choosing the right one for your business may feel overwhelming. In this article, we’ll look into the top business travel providers on the market and offer insights on their features, talk about the ideal attributes of an effective platform, and how to make the best decision for your business travel needs. So, put your seat upright, secure your tray table, and prepare for take-off into business travel management.
Evaluating the top business travel management platforms
You don’t need to hear it from us: the cost of travel, especially business travel, is skyrocketing, whether your destination is near or far. Unfortunately, traditional methods often fail to offer cost savings, with hours lost on manual processes like booking and expense reports.
However, the good news is that several business travel management solutions have emerged to tackle these challenges. Key players like Expensify, TravelPerk, and TripActions offer platforms to streamline travel booking and enhance expense management. Plus, other platforms, such as SAP Concur, Egencia, Brex, and Certify, also offer business travel booking software.
A deeper look at business travel management platforms
To help you choose the right platform for your business, here’s a side-by-side comparison of essential features of these corporate travel booking companies:
Expensify | Travel Perk | Trip Actions | SAP Concur | Certify | Egencia | Brex | |
Pricing model | Per user pricing | Flat monthly fee | Subscription-based | Tiered pricing | Transparent fees | Pricing on request | Based on usage |
Booking functionality | End-to-end booking services with Concierge | Wide vendor integration | Advanced booking options | Extensive vendor list | Limited booking capabilities | End-to-end booking services | Focus on integration |
Expense management | Automated expense capture | Limited expense management | Complete expense integration | Robust expense tools | Efficient receipt management | Expense integration available | Integrated with corporate cards |
Reporting & analytics | Basic to custom insights & reports | Detailed & customizable | Advanced analytics | Custom reports | Comprehensive reports | Customizable analytics | Strong data insights |
Duty of care | Get realtime employee locations and contact them in case of emergency | Full-service duty of care | Comprehensive duty of care solution | Comprehensive and integrated duty of care | Comprehensive duty of care | Duty of care with Traveller Tracker feature | Realtime employee locations and contact them in case of emergency |
User interface | Intuitive, strong mobile app | User-friendly, seamless navigation | Easy navigation, top-rated app | Clean interface, mobile-friendly | Simplified interface | Crisp and professional UI | Sleek design, intuitive app |
Customer support | Email & Chat | Phone & Chat | 24/7 support | Multi-channel support | Email & Phone | 24/7 support | Online & Chat |
What makes a business travel management platform truly stand out?
Beyond mere flight and hotel reservations, exceptional platforms provide a comprehensive solution for travel expenses. They seamlessly integrate user-friendly booking tools with robust expense management capabilities, empowering users with a holistic travel management experience. Think:
An intuitive booking engine
24-hour support
A user-friendly interface
Self-service for booking flights, hotels, car rentals
Ability to support loyalty & corporate programs
Automated reporting
Policy compliance (company travel policies)
Duty of care (realtime traveler tracking, emergency assistance, and risk management tools)
Choosing the right platform is crucial! Did you know that corporate travel can eat up a big chunk of your budget (up to 12%, according to a corporate travel survey by Deloitte)?
While many great options are available, platforms like Expensify really stand out by offering a comprehensive suite of features designed to simplify business travel management. If you’re not thinking of streamlined booking, automated expenses, and robust reporting, that 12% could swiftly multiply.
Expensify: The most robust travel management platform for your business
As you can imagine, the complexity of managing business trips only adds to the challenge of keeping everything under control and on budget. Naturally, choosing the right business travel & expense solution is crucial to effectively managing these costs.
Enter Expensify, a leader in providing an intuitive and user-friendly platform for travel bookings and expense reporting. Integration is seamless with corporate cards and existing expense management systems, streamlining the process for business travelers. Expensify’s smart reporting and powerful analytics offer businesses valuable insights, enhancing strategic decision-making regarding travel spending.
Expensify also helps businesses reduce travel costs by enforcing employee travel policies, improving employee experiences with efficient booking and expense tracking, and enhancing employee safety with advanced duty-of-care features. If your business is looking for a reliable business travel management solution, Expensify offers unmatched features that address the complexities of modern corporate travel.
Also read: How FootballCo used Expensify for employee business travel to the 2022 World Cup in Qatar and why using the Expensify Card for travel was a huge win.
Want to see Expensify Travel in action? Book a demo with our team today and buckle up for takeoff.
Beyond the basics
Travel management platforms have evolved beyond mere trip-booking tools. These platforms offer comprehensive travel solutions with features that completely transform business travel. If you’re looking at a robust business travel management platform, it should be able to do/enable you to do a lot more, such as:
Robust travel policies
Adherence to company guidelines and budget limitations.
Setting dynamic budget limits for different types of trips, such as conferences, business meetings, and client visits.
Realtime updates to address changing business needs, regulatory requirements, or unforeseen circumstances.
A repository for all travel policies, ensuring easy access for everyone.
Using the search and filtering capabilities to help users quickly find the necessary policies.
Generating reports that provide insights into policy adherence, expense trends, carbon emissions and more.
Seamless expense integration
Eliminate expense reporting hassles.
Automated expense tracking and reporting free up valuable time for more strategic endeavors.
Powerful reporting and analytics
Gain insights into your travel spending with detailed reports and analytics.
Identify patterns, potential savings, and data-driven decisions to optimize your travel program.
Imagine less time wasted, significant cost savings, and happier employees - a triple win!
FAQs about business travel solutions
-
A business travel program is a structured plan implemented by companies to manage their employees' travel arrangements. It encompasses managing bookings, expense reports, travel policies, and ensuring that trips align with corporate objectives and cost-efficiency standards.
-
Yes, business travel is experiencing a resurgence as companies recognize the value of face-to-face interactions in building relationships and closing deals. With the advent of more agile and secure business travel management solutions, organizations are actively resuming travel activities that align with their strategic goals.
-
Managing business travel involves adopting technology-driven solutions that handle booking, compliance to travel policies, expense tracking, and reporting. These solutions utilize travel management tools and corporate travel booking software to provide realtime updates, insights, and analytics, ensuring streamlined and cost-effective travel management.
-
Business travel includes trips taken for work-related purposes like attending seminars or conferences, client meetings, or site visits. It is recognized by the company's travel policy, which typically covers transportation, lodging, and other necessary expenses incurred during the business trips.