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All Corporate Travel Managers Can Now Benchmark Costs and Travel Patterns
ARLINGTON, Va., June 30, 2014 /PRNewswire/ -- ARC announced today that it has made the company's FareSight™ solution available to all corporate travel managers, regardless of whether their organization is ARC accredited, has a dedicated ARC number through its travel management company, or books air travel independently.
"We think FareSight is truly a game changer, and our clients agree," said Michael Brennan, managing partner of KesselRun Consulting, an independent management-consulting firm that specializes in developing, managing and optimizing corporate travel programs. "The tool allows travel managers and procurement professionals to negotiate from a position of certainty with their vendors and report real-not assumed-travel patterns back to their senior management. FareSight also allows KesselRun to inform our clients of how they are doing against the market and, more importantly, how to proactively manage their air spend."
FareSight helps corporate travel managers optimize their air travel policies by employing current and historic ARC data, directly related to their individual organizations. The tool analyzes a company's air travel patterns, travel spending and average ticket price and benchmarks those factors against both the corporate segment and the entire market. In addition, FareSight allows corporate travel managers to profile travelers' behaviors based on actual ticket travel, measure airline contract performance and understand their carrier market share.
"Since we launched FareSight earlier this year, corporate travel managers representing companies that do not have an ARC number showed a strong desire to see how their programs compare to the industry," said Doug Mangold, ARC's managing director of product management. "Based on this feedback, we're very happy to make FareSight available to help them maximize their company's air travel. We're now boarding all companies!"
ARC's FareSight solution will be demonstrated in ARC's booth (#2413) at the 2014 Global Business Travel Association (GBTA) Convention next month in Los Angeles.
ARC powers the U.S.-based travel industry with premier business solutions, travel agency accreditation services, process and financial management tools, and powerful data analytics. In 2013, ARC settled $86 billion worth of carrier ticket transactions for more than 9,400 travel agencies with 15,000 points of sale. By providing world-class business services and products, ARC enables participating agencies and 191 carriers to focus on what's important-increasing their revenue. Established in 1984, ARC is headquartered in Arlington, Virginia. For more information, please visit www.arccorp.com.
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