Good morning from Skift. It’s Friday, September 15. Here’s what you need to know about the business of travel today.
12.09.2023 - 13:07 / skift.com / Steve Hafner / Sean Oneill
Kayak, the travel price-comparison service, on Tuesday debuted a corporate travel service for large companies.
Kayak’s move does not reflect a major strategy shift. Yet the relative ease at which the consumer business created a corporate travel offering suggests that long-hyped concepts like blockchain may be leveling the playing field in a sector dominated by a handful of large players.
The product originated when PwC came to Kayak looking for help managing its corporate travel program.
Kayak provided its user interface and its supply — with more than 2,000 supplier connections. It teamed with Blockskye, a startup that provides distributed ledger technology for back-end services, especially connecting data for booking, payment, expense, authorization, and settlement.
PwC employees have now, for a few months, been booking some business trips using Kayak. When searching, they only see results from PwC-approved hotels and airlines and fare types, such as economy class. If a flight is canceled, a road warrior can contact Kayak for customer service (through a white-labeled travel management company partner) to help to rebook it, and all records will be updated accordingly — avoiding a need for error-prone reconciliation among different systems later.
“Users don’t have to file expense reports, and they don’t need a credit card to make their bookings, which is pretty awesome,” said Kayak CEO Steve Hafner. “Regardless of where the booking is made, direct from a supplier or indirect from an agency, they get all their loyalty points.”
This isn’t Kayak’s first move in business travel. In 2020, Kayak launched a travel booking solution for small and mid-size businesses. This free service offered basic travel management, such as letting companies set policies about what kind of travel is approved.
It now claims 30,000 customers.
One critique Skift noted in 2021 about the service was its lack of customer service support.
Kayak said it would soon address that issue by offering a $20-a-month version that includes customer service support.
Metasearch isn’t an obvious player in corporate travel. As Skift has noted before: “Ask a company travel manager for their biggest gripe, and they’ll likely say it’s employees who waste time trying to find a cheaper ticket, or room night, rather than go with the price showing up on the company’s online booking tool.”
But Hafner believes a compelling user interface that overcomes key friction points will coax road warriors into complying with their company policies. A lack of compliance is a major problem at some corporations — though blaming the employees sometimes like an all-purpose excuse for poorly designed travel management programs.
What about costs? Kayak says enterprise
Good morning from Skift. It’s Friday, September 15. Here’s what you need to know about the business of travel today.
California legislators have passed two bills that could impact how the state’s 6,000 hotels and thousands of short-term rentals inform consumers about so-called junk fees, such as resort fees and housekeeping fees.
EasyHotel has always been the success story of tomorrow. That’s been true since EasyJet founder Stelios Haji-Ioannou invented the budget hotel chain in 2004.
Good morning from Skift. It’s Thursday, November 10. Here’s what you need to know about the business of travel today.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
Hoteliers are now in the middle of 2023 budgeting. It’s a tricky task given the uncertain forecasts.
Not all hotels should pursue remote workers, a hotel group CEO has suggested, because they mostly served their purpose during the pandemic.
Hotel company Sonesta said on Tuesday it would launch a new brand, Sonesta Essential, and offer a just-added brand, The James, to developers.
Travel website KAYAK, owned by Booking Holdings Inc, said domestic searches for hotels within China surged last week, after the country loosened its COVID-19-related restrictions.
Here are some excerpts from Daily Lodging Report from the past week. If you’re not a subscriber, you should be. Get news on hotel deals, development, stocks, and career moves. Sign up here, now.
U.S. hotel construction spending rose 30 percent year-over-year in November, suggesting a sustained rebound is in place based on developers’ confidence.
Travel has a labor problem, but defining it is tricky. Market dynamics vary by location and time. At any given moment, London might be a harder place to hire hotel staff than Dubai, while a tech market crash might suddenly make California a good place for travel companies to source software engineers.