Concur, an SAP company and a provider of integrated travel and expense management solutions, has announced a collaboration with AirAsia Group. This is expected to help businesses reduce their corporate travel spend amidst the present challenging economic environment, where many businesses are closely monitoring and looking at better managing their travel costs.
With Asia being the largest market and epicentre for business travel in the world, according to a McKinsey report commissioned by Singapore Tourism Board, low cost carriers (LCCs) such as AirAsia have also gained popularity and market share of business travel in the region. In Asia, LCCs comprised 29% of all business travel expenditure on flights, making this the most penetrated region in the world. Growth has been the fastest in Asia as well–business travel expenditure on LCCs has grown 11% annually over the past three years, nearly double the rate of growth in North America (6%).
LCC flight availability and rates typically do not appear with global distribution system networks used by travel management companies and online booking tools - such as Concur Travel - for travel bookings. With this partnership, regular and corporate AirAsia travel information will appear on such global distribution system networks, providing travellers with more options for affordable travel.
Nick Evered, Concur’s Senior VP and GM, Asia Pacific, said, “Our collaboration with AirAsia Group, by far the largest LCC grouping in Asia, will provide our customers with a great cost-saving window on their travel budgets. Concur's easy to use business travel and expense management software solution helps businesses save time, money and gain control. This is a timely collaboration as both Concur and AirAsia identify the needs of the digital customer today, and we’re excited to be able to extend more savings for our customers through this collaboration with AirAsia.”
Barry Klipp, Group Head of corporate sales, AirAsia said Concur will play a key role in the airline's corporate sales strategy. Through Concur Travel, we will offer both our regular content, as well as our exclusive corporate content to those who have a direct corporate agreement with AirAsia. As companies continue to manage their travel budgets in the challenging economic times, we look forward to supporting Concur's customers in budgeting their employee travel costs."
With Asia being the largest market and epicentre for business travel in the world, according to a McKinsey report commissioned by Singapore Tourism Board, low cost carriers (LCCs) such as AirAsia have also gained popularity and market share of business travel in the region. In Asia, LCCs comprised 29% of all business travel expenditure on flights, making this the most penetrated region in the world. Growth has been the fastest in Asia as well–business travel expenditure on LCCs has grown 11% annually over the past three years, nearly double the rate of growth in North America (6%).
LCC flight availability and rates typically do not appear with global distribution system networks used by travel management companies and online booking tools - such as Concur Travel - for travel bookings. With this partnership, regular and corporate AirAsia travel information will appear on such global distribution system networks, providing travellers with more options for affordable travel.
Nick Evered, Concur’s Senior VP and GM, Asia Pacific, said, “Our collaboration with AirAsia Group, by far the largest LCC grouping in Asia, will provide our customers with a great cost-saving window on their travel budgets. Concur's easy to use business travel and expense management software solution helps businesses save time, money and gain control. This is a timely collaboration as both Concur and AirAsia identify the needs of the digital customer today, and we’re excited to be able to extend more savings for our customers through this collaboration with AirAsia.”
Barry Klipp, Group Head of corporate sales, AirAsia said Concur will play a key role in the airline's corporate sales strategy. Through Concur Travel, we will offer both our regular content, as well as our exclusive corporate content to those who have a direct corporate agreement with AirAsia. As companies continue to manage their travel budgets in the challenging economic times, we look forward to supporting Concur's customers in budgeting their employee travel costs."
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