AirPlus International: Forecasting and budgeting causing 'big problem' post-COVID

22 November, 2022

AirPlus International director APAC operations Piers Gibbons, speaking at the CTC Australasia Corporate Travel Summit & Sustainability Awards, stated (22-Nov-2022) there is a "big problem" with forecasting and budgeting, due to "up and down" bookings and refunds over the past two years, adding: "So how do you forecast how much you'll spend if you don't have consistent historical data to go on". Mr Gibbons said real time data is important, adding the company is working closely with travel management companies to come up with "what is meaningful from massive data". He noted the company is also simplifying this down to "meaningful points that allow them to make decisions".