2022 U.S.-Booked Air Volume: $39.8
million
Primary Air Suppliers: Delta, Alaska, United
Primary Hotel Suppliers: Hyatt,
Hilton, Marriott
Primary Car Rental Suppliers: National,
Enterprise
Consolidated
Global TMC: BCD
Following the easing of Covid-19
travel restrictions, apparel manufacturer and retailer Nike saw a spike in
international business trips with U.S.-booked air volume increasing by more
than 400 percent year over year to $39.8 million.
Nike sharpened focus on its internal
pre-trip approval and hotel vetting processes throughout the year and removed
hotel rate caps and verbiage around ‘lowest logical fare’ from its travel and
expense policy.
The company also employed a permanent
flexible work model—not requiring staff to return to the office—and expects
internal trips to increase to 55 percent of overall travel volume in 2023, up
from 42 percent in 2022.
Nike projects 2023 U.S.-booked air
spend will increase to $49 million and expects to return to pre-pandemic
spending levels “in the next couple of years.” Moving forward, the company’s
travel program will feature more efficient reconciliation processes for
centrally-billed cards and payments, diversified fees across global markets at
point of sale and a greater focus on sustainability.