Overview

IBISWorld’s Procurement Research Reports cover thousands of indirect purchasing lines. Our data and analysis help you strategically engage and negotiate with suppliers and give you the credibility to work with internal stakeholders and executives. IBISWorld’s Travel Risk Management Services procurement research provides price trends and forecasts, supplier benchmarks and negotiation questions all intended to give your company leverage during the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard
REPORT SNAPSHOT

Travel Risk Management Services - Recent Price Trend

During the three years to 2017, travel risk management service prices have been rising at an estimated annualized rate of 1.1%. Rising demand has lifted service prices, but falling input costs and moderate competition among vendors have kept price growth in check.Increasing demand has been the primary driver of market price growth. The number of international trips by US residents has risen...

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Travel Risk Management Services - Total Cost of Ownership

The total cost of ownership (TCO) is high for buyers of travel risk management services. The primary cost that buyers pay is the actual traveling, which includes airfare, hotels, ground transportation, meals and other expenses incurred during travel. The cost of each trip far outweighs the benchmark price of $2.60 per person per trip for travel risk management services, indicating a high TCO.In...

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About this Report

This report is intended to assist buyers of travel risk management services. Travel risk management providers evaluate, recommend and develop travel policies and procedures, then coordinate with third-party providers to offer travel advisories regarding weather, security threats, accidents and disease. They also deliver onsite emergency assistance to travelers and conduct travel training. The market’s primary suppliers include travel agencies and travel risk management specialists, both of which work with human resources and travel departments to provide these services to companies that engage in frequent corporate travel. Although travel agencies also arrange non-emergency travel on behalf of their clients, travel booking services are not the focus of this report.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Regulation
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
  Imports
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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