REDMOND, Wash., July 23, 2012 /PRNewswire/ -- Concur® (NASDAQ: CNQR), a leading provider of integrated travel and expense management services, today announced that several hotels and car rental companies – including Avis Car Rental, Best Western International, Choice Hotels International, Inc., Hertz, InterContinental Hotels Group (IHG), La Quinta Inns & Suites, Marriott International and Starwood Hotels & Resorts Worldwide, Inc. – plan to participate in Concur Open Booking, the corporate travel option that lets business travelers book hotels and rental cars outside Concur Travel while capturing and providing all travel transaction data to Concur Travel & Expense for a complete itinerary.
Through Concur's T&E Cloud, hotels and car companies participating in Concur Open Booking will be able to link a traveler's Concur Travel profile with the respective loyalty accounts, enabling the supplier to automatically confirm and grant access to a corporate discount – even when the booking occurs on the hotel or car rental website. With two-way itinerary exchange between the supplier and Concur's travel and expense management service, the traveler can complete itineraries with bookings directly on the supplier's website and trigger the automatic return of those completed reservations and available e-receipts to Concur to provide complete visibility, facilitate expense reporting, enhance travel manager duty of care and support policy compliance.
"All companies – whether they have managed or unmanaged travel programs – have some aspect of supplier direct bookings as a component of their travel program," said Michael Koetting, EVP of Supplier Management at Concur. "And whether they acknowledge it or not, even the best run programs see a meaningful percentage of their hotel and car bookings happen outside of the corporate booking tool. Concur Open Booking gives companies of all sizes a convenient way to not only manage those bookings, but also get accurate information on expense reports. Just as importantly, Concur Open Booking makes travelers' lives incredibly simple, by enabling them to book hotel and car reservations directly on the sites that provide them with a superior user experience."
The Need For Open BookingCorporate travel programs – driven by duty-of-care requirements, a desire for more visibility and the need to offer a better user experience for travelers – are evolving their requirements for full transaction capture irrespective of the booking source. According to a recent PhoCusWright study, the hotel portion of managed corporate travel programs typically has the lowest rates of compliance, with over 40% of travelers not always in compliance with their company's booking channel policy. Car rentals are another area in which business travelers often book outside of the corporate booking tool.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV