Transform corporate travel into a center of savings and operational efficiency. With this goal in mind, Paytrack, an all-in-one platform specialized in expense and travel management, conducted a study demonstrating how the use of Big Data can generate savings for companies. The research analyzed over 350,000 transactions over 2 years and revealed patterns in corporate booking behavior. Furthermore, the study showed that, depending on the date of purchase of the airline tickets, the price variation can reach up to 200%.
The survey takes place at a crucial moment for the corporate travel market. According to the Global Business Travel Association, global spending in the sector is expected to reach a record $1.48 trillion in 2024, making efficient management of these resources increasingly strategic for companies.
"We identified that buying tickets 30 days in advance can result in substantial savings," says Edson Gonçalves, co-founder of Paytrack. To illustrate, let's imagine a situation where a company needs to organize a trip for 20 people. By purchasing tickets in advance, it could pay R$ 450 per ticket, totaling R$ 9,000. Without this planning, the cost could reach R$ 1,200 per ticket, resulting in a total expense of R$ 24,000. In this scenario, the savings would be R$ 15,000.
The platform uses big data and predictive analytics to help companies identify the ideal time to purchase tickets and book hotels. The system is enhanced with features such as total expenditure monitoring, including hosting and additional services, visibility of unused credits, automated reimbursements, and compliance management with corporate policies.
Gonçalves highlights that the economy in corporate travel is the result of a network of decisions that permeate the entire process. Each stage, from initial planning to final approval, offers opportunities for cost and resource optimization. The individual choices of travelers, company policies, and market conditions intertwine, creating a dynamic scenario where each decision can significantly impact the financial outcome.
"The numbers show that there is a great potential for savings still unexplored by many companies," highlights Gonçalves. "Our platform transforms this data into actionable insights, enabling companies to make smarter and more cost-effective decisions in their corporate travel, overcoming the limitations of the traditional management model," he concludes.
