In the wake of the pandemic, corporate travel is poised for a resurgence in Australia. Currently, it has rebounded to just 57% of pre-pandemic levels, highlighting a unique opportunity for growth within the hospitality industry. One key to reigniting corporate travel lies in simplifying payments.
The Changing Landscape of Business Travel
While global business travel spending has surged by 33.8%, that growth is primarily driven by inflation, not actual travel. In fact, business travel revenue has seen a 0.4% dip over the past five years. Despite Australia’s historical appeal to business and leisure travelers, it has yet to fully recapture its pre-pandemic allure.
Strategies for Success
Leveraging an Automated Payments Network
These three strategies will allow you to fully leverage an automated payments network, such as TreviPay, offering the following advantages:
Simplicity
Automated payment networks simplify the payment process, saving time and boosting efficiency for both businesses and hotels.
Accessibility
Real-time access to payment data and reports offers transparency and control over expenses.
Financial Management
Enhanced financial management tools, including expense tracking and reporting, empower businesses to make informed decisions and manage budgets effectively.
Growth Potential
Embracing automated payment networks allows businesses to expand their corporate customer base and drive revenue growth.
As corporate travel regains momentum, Australian businesses must adapt. TreviPay is your partner in this journey, offering the tools and solutions to enhance the payment experience to help rekindle Australia’s corporate travel market.
Download the full infographic to learn more.
How Choice Hotels Made Corporate Travel More Flexible with TreviPay
Choice Hotels implemented direct billing with the TreviPay solution
and gained improved efficiency, profitability and loyalty.
