AMEX Poll Identifies Critical Strategies for Successful Adoption of Online Travel Programs.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Large Global Organizations Identify Online Tool Functionality as Key Variable for Success A new poll of American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Business Travel's largest clients indicated that employee communication and proper management of the transition to online booking are the most critical factors in online booking program success. The poll of more than thirty-five of American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Express's largest global clients found that 28 percent of these companies felt change management was most critical to online booking success, followed closely by 26 percent of respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. who highlighted booking tool functionality as the key variable for success. "Implementing a global online booking program isn't is·n't Contraction of is not. isn't is not isn't be like flipping Flipping Buying shares in an initial public offering (IPO), and then selling the shares immediately after the start of public trading to turn an immediate profit. flipping a switch. Online booking isn't worth much if employees don't use it. Adoption is essential, but getting there is a challenging process requiring an experienced, committed partner," said Jeanne Young, Global Travel Manager, Honeywell International. "American Express has been extremely helpful in driving online adoption by promoting clear communication with employees and focusing on building support for the program company-wide." More than half of the companies that participated in the poll (54 percent) said that transaction cost savings are their top priority in expanding their online booking program, followed by 21 percent who said they are expanding their program to decrease overall average ticket prices. In addition, 54 percent of the companies polled said that they had selected a single global booking tool for all of their online booking needs. American Express Business Travel's Vice President of Global Marketing, Marcy Shinder, commented, "This research clearly identifies two points. One, sophisticated global organizations recognize the significant savings that can be achieved by leveraging online booking tools. Two, widespread adoption is required, which takes sustained effort and expertise. For large, global organizations this requires a systematic, comprehensive effort and a deep understanding of how to drive online adoption. As online booking continues its worldwide expansion, we anticipate an even greater corporate focus on change management and adoption to lock in transaction cost savings." The American Express poll was conducted on November 4, 2004 and polled 37 American Express global clients. About American Express Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. American Express Travel Related Services, Inc. operates one of the world's largest travel agency networks, recording $16 billion in worldwide travel sales in 2003. Through its Corporate Services group, the company counts nearly 70 percent of the Fortune 500, along with tens of thousands of mid-sized companies, as customers of its Business Travel, Corporate Card, and Corporate Purchasing Solutions services. More information on expense management tools from Corporate Services can be found at http://www.americanexpress.com/corporateservices. The American Express Company is a diversified diversified (di·verˑ·s worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , investment products, insurance and international banking. |
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