Call for UK travel suppliers to disclose interests

17 Sep 2010

Source:  Supply Management
Suppliers and travel management companies should reveal details of preferred financial partnerships to travel buyers in the interests of transparency, says an Institute of Travel and Meetings Study. The study found that disclosing the names of suppliers, from whom intermediaries receive a second income, would benefit travel buyers.    

ITM chairman Jamie Hindhaugh said: “The quest for transparency is to understand what comprises the rates for travel supplies, from hotel rooms to air fares and to charges for the distribution and management of business travel.” The report, based on anonymous interviews with suppliers and buyers, said although disclosing additional incomes related to corporate transaction volumes may not be practical, revealing a register of interests would be viable.? ?

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