ProcureCon Travel: AltoVita’s Keynote & Key Takeaways

The AltoVita team presented a vision for modern business travel at ProcureCon Travel earlier this month: One that prioritises traveller comfort, streamlines management for procurement teams, and delivers unprecedented value to businesses.

ProcureCon Travel is a gathering place for innovative leaders in travel procurement and corporate travel management to share ideas and insights and brainstorm solutions for overcoming challenges and seizing opportunities. The event occurred June 2-4, 2024, in Denver, Colorado. 

As a headline sponsor, AltoVita made a significant impact with their partner keynote on Monday morning, setting the tone for the event. Nearly all ProcureCon Travel participants attended the session by AltoVita’s Vice President of Client Partnerships, Beverly King, and Senior Director of Client Partnerships, Jess Dunderdale, highlighting the high level of interest in AltoVita’s offerings.

The AltoVita team also hosted a private dinner on Monday evening, attracting procurement and travel leaders eager to explore how AltoVita’s modern approach to business travel and corporate housing could elevate their programs.

Attendees were captivated by AltoVita's unique ability to manage their hotel programmers and corporate housing needs. In July 2023, AltoVita introduced AltoSearch, a game-changing platform that seamlessly integrates extended stay-accommodation, such as serviced apartments and private homes, with hotels and aparthotels on a single platform. 

This integration revolutionised how travellers search and book accommodation, significantly expanding AltoVita’s inventory to 180,000 instantly bookable multi-unit properties across 35,000 destinations, totaling 7 million units globally. 

“The AltoSearch platform can accommodate both short- and extended-stay demand, and it is capable of supplying hotel rooms within quick turnaround time, including last-minute booking or extension, any time,” said Peggy Ng, Director of Client Development at AltoVita, in the APAC Accommodation Landscape Report.

Throughout the event,  several large enterprise clients approached the AltoVita stand afterward to discuss potential collaborations.

7 Business Travel Takeaways from ProcureCon Travel 2024

The conference focused on actionable strategies that meet the goals of all stakeholders. The format was dedicated to face-to-face interactions so attendees could develop new relationships and reconnect with peers.

What emerged in conversations was an appetite for innovation. Buyers are keen to continue to adopt, and for the suppliers to adopt, AI to improve processes.  Despite this excitement, companies are still cautious regarding security concerns and want to deeply research options.

“We’re seeing that corporate buyers are very educated on their options and open to collaborations that allow them to maximise their purchasing power,” said Dunderdale.

The event revealed several key trends and insights in business travel:

1. Growing Interest in AltoVita’s Approach: 

   Attendees showed a strong interest in learning more about AltoVita’s innovative approach to managing business travel and corporate housing.

2. Trends in Trip Duration: 

   While many business trips remain short, there is a growing trend towards less frequent but longer trips. These extended stays often involve a primary base with mini trips within a more extended trip spanning several weeks.

3. Impact of Hotel Loyalty Programs: 

   Hotel loyalty programs emerged as a significant factor in driving down costs. One participant quoted availability of rates due to reward loyalty status. 

4. Integration of Loyalty Card Programs: 

   Prospects and travellers value hotel loyalty card programs, suggesting the potential to include loyalty card numbers in bookings to enhance traveller experience and satisfaction.

5. Cost Management: 

   Advanced strategies for managing and optimizing corporate travel expenses are needed.

6. Technology and Data: 

   There’s a growing emphasis and openness to leverage new technologies and improve data visibility for better decision-making.

7. Tracking Future Trends:

    Stakeholders proactively seek emerging trends, sustainable travel practices, and strategies to adapt to changing market conditions.

These insights underscore the evolving landscape of business travel and the importance of innovative solutions to meet the changing needs of corporate travellers. 

Transform Your Approach to Corporate Housing

Take the first step today with AltoVita. Discover how our innovative solutions can elevate your travel program and deliver unprecedented value. Request a demo now and start your journey towards modern, efficient business travel management.