TRX Expands Strategic Hotel Spend Management Offering; Provides Corporate Travel Buyers With New Savings And Improved Supplier Negotiation Tools
ATLANTA, TRX, Inc. (www.trx.com) (OTCQB: TRXI), a world-leading provider of travel technology, process automation, consulting and data services, announced the addition of new services to its industry leading Hotel Spend Management services with the inclusion of RFP sourcing, GDS availability, and auditing. Offered in conjunction with technology partner, Lanyon, Inc., a leading provider of content management and spend management solutions to the hospitality industry, the expanded services complement TRX’s existing strategy study, spend analysis, and reporting services to provide corporate travel managers a complete solution for managing hotel spend.
Hotel contract negotiations are a key factor in managing travel program costs, as referenced in a recent Procurement.travel article. The article stated hoteliers and buyers are currently engaged in a challenging set of rate negotiations, with rates possibly rising three to seven percentage points. With so much at stake, TRX has expanded its offering to better equip travel buyers to help them secure the lowest rates possible for their travel program.
TRX Hotel Spend Management offering provides spend management services to travel and procurement managers, helping to identify, quantify, capture, and track travel-related savings. The rigorous, analytically-driven service consists of four steps designed to provide corporations a turnkey offering to manage hotel spend.
Hotel Strategy – Utilizes clustering, scenario modeling and other proprietary tools to determine true hotel spend by market, brand, property, and spend category.
Supplier Sourcing – Provides full-service support through the RFP sourcing including supplier communications, benchmarking rates, and negotiated savings analysis.
Demand and Supply Compliance – Monitors and audits all GDSs ensuring GDS availability and auditing rates are properly loaded and available for purchase.
Program Performance – Provides data and analysis needed to ensure a hotel program is successfully used. Data can be segmented by property hotel compliance, spend, savings by company, project, and more.
“TRX’s Hotel Spend Management and data intelligence offerings are the perfect complement to our supplier sourcing and compliance solutions,” said Mike Boult, Chief Commercial Officer for Lanyon. “This offers corporations and agencies with the only automated centralized platform to manage the entire spend category. From strategy to sourcing to compliance to robust reporting and analysis, a corporation can centrally manage their entire category spend.”
“TRX understands the negotiating environment is becoming more difficult for travel buyers,” said Shane Hammond, President and CEO, TRX. “Our turnkey Hotel Spend Management offering provides travel buyers the tools needed to maximize vendor negotiations and achieve significant savings to the bottom-line through improved compliance, intense scenario modeling, and automated bid logic.”
TRX is a world-leading travel technology and data services provider, offering more than 20 software-as-a-service utilities for online booking, reservation processing, data intelligence, and process automation. We deliver our technology applications in an on-demand environment to travel agencies, corporations, travel suppliers, government agencies, credit card associations, credit card issuing banks, and third-party administrators. We provide patented savings maximization solutions via our travel analytics consulting practice, extending spend management services to travel buyers all over the world. We complement all of these offerings with a global workforce focused on travel process automation and re-engineering. For more information about TRX visit the Company’s website at www.trx.com.
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