Big Data can save up to 200% on corporate travel

Transform corporate travel into a center of economy and operational efficiency.To this end, Paytrack, an all in one platform specialized in the management of expenses and travel, conducted a study that demonstrates how the use of Big Data can generate savings for companies. The survey analyzed more than 350 thousand transactions in 2 years and revealed patterns in the behavior of corporate reservations.In addition, the study showed that, depending on the date of acquisition of air tickets, the price variation can reach 200%.

The survey comes at a crucial time for the corporate travel market.According to the Global Business Travel Association, global spending in the sector is expected to reach a record US$ 1.48 trillion in 2024, making the efficient management of these resources increasingly strategic for companies.

“Identified that buying tickets 30 days in advance can represent a substantial savings”, says Edson Goncalves, co-founder of Paytrack. “To illustrate, imagine a situation where a company needs to organize a trip for 20 people. Buying the 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$ 24,00000.

The platform uses big data and predictive analytics to help companies identify the optimal time to purchase tickets and hotel reservations.The system is enhanced with features such as monitoring total spending, including hosting and additional services, visibility of unused credits, automation of refunds and management of compliance with corporate policies.

Goncalves points out that the economy in corporate travel is the result of a network of decisions that permeate the entire process. Each step, from initial planning to final approval, offers opportunities for optimization of costs and resources. The individual choices of travelers, company policies and market conditions intertwine, creating a dynamic scenario where each decision can significantly impact the financial result.

“The figures show that there is a great potential for savings still untapped by many companies”, says Goncalves.“Our platform turns this data into actionable insights, allowing companies to make smarter and more economical decisions in their corporate travel, overcoming the limitations of the traditional” management model, he concludes.