Travel and Expense in 2025: Unveiling the Future of Business Travel

Slowing Inflation: Embracing New Travel Opportunities

With inflation slowing, companies will enjoy enhanced value from their T&E budgets. To meet traveler expectations, personalized self-booking options, real-time updates, and flexible travel policies are crucial. Embracing technology to streamline booking experiences, offer loyalty recognition, and provide real-time alerts will elevate the traveler experience.

Trust in AI for Enhanced Travel Management

AI's impact on T&E will accelerate, reducing administrative burden through automation. AI will enhance booking experiences, assisting in personalized itinerary recommendations and price forecasting. Expect smarter audits, reduced manual expense reports, and improved risk management.

TMC Consolidation and the Benefits of NDC

TMC consolidation will continue, empowering them with increased negotiating power. Airlines and travelers alike will benefit from New Distribution Capability (NDC), facilitating better personalization, bundling, and continuous pricing.

Finance Leaders: Driving Collaboration and Innovation

Finance will play a pivotal role, collaborating with IT and security teams to ensure seamless technology implementation. Integrating data across functions will enhance efficiency and security. Investment in AI tools and technology solutions for carbon tracking will support sustainability goals.

A Promising Future for T&E

The future of T&E holds immense promise. Breakthroughs in AI, system integration, diverse travel options, and cross-functional collaboration will empower companies to elevate their travel and expense management.