Former industry executive Mark O’Brien has created a new consulting firm dedicated to business travel, meetings, payments and expenses. Avenue5 Consulting will offer its clients strategic and tactical consulting, category consulting and management services to solve complex and challenging problems.
O’Brien went to LinkedIn to celebrate the news, noting, “Starting a business in a pandemic is difficult, but we’ve done it and we’ve already signed contracts with several clients and financial institutions who need a trusted advisor who helps them solve complex problems and challenging topics. We are very excited about the future and look forward to getting in touch with old and new business colleagues again. “
The coronavirus pandemic has rapidly changed the world of business travel and as companies try to adapt to the new environment, many are looking for advisors to help. In this context, Avenue5 Consulting aims to help its clients gain insights to get better results in terms of business travel.
The company has created three different businesses to provide in-depth information on pre-Covid activity versus post-Covid recovery. The Category Management business unit focuses on the sustainable total true cost of travel (TTCT) and offers a wide range of services ranging from end-to-end framework integration, strategic assessment and procurement to risk management and wellbeing Travelers are enough. The management department offers a range of services including organizational evaluation and design, outsourced management, support for SMB corporate travel agencies, and training and development for the next generation of travel professionals.
A new survey by global strategy consultancy Oliver Wyman found that a third of global consumers are feeling well again as the Covid-19 pandemic appears to be receding. In China, the US and Australia, business travel is now above pre-pandemic levels.
In the UK, however, many companies are still unclear which strategy to pursue. As a result, business travel in the UK remains at lower levels than before the pandemic.