At the Business Travel Show last week, Areka Consulting published its own findings following six months of research into the demand for various types of global consulting engagements.

Areka, which specialises in global travel management programs, said there was now a trend towards corporations seeking the help of external resources for their business travel strategy – rather than on savings around online booking tools, air and hotel sourcing.

The research found that smaller TMCs were being threatened by the new wave of online booking platforms that are now “taking pieces of their business away, and chipping away”. However, larger TMCs with global reach were unconcerned due to the high barriers to entry.