GTP Corporate Travel Policy & Program Management 2

Question 1

What is the role of a Request for Proposal (RFP) in corporate travel program management?

Accepted Answer

A formal document soliciting bids from suppliers to compete for a company's travel spend

Answer

An RFP is a formal solicitation sent to suppliers outlining the company's travel needs and inviting competitive bids, enabling the company to negotiate preferred rates and terms.

Question 2

Which KPI is MOST useful for measuring the financial effectiveness of a managed corporate travel program?

Accepted Answer

Savings achieved versus benchmarked or unmanaged rates

Answer

Savings versus benchmark measures the actual financial benefit of the managed program by comparing negotiated rates to market or unmanaged alternatives.

Question 3

A company implements a 'soft approval' booking process. What does this mean?

Accepted Answer

Out-of-policy bookings are flagged and a reason code is required, but the booking is not blocked

Answer

Soft approval captures reason codes for out-of-policy behavior without blocking the booking, balancing compliance tracking with traveler flexibility.

Question 4

When negotiating a hotel program, what is a 'last room availability' (LRA) clause?

Accepted Answer

A provision ensuring the negotiated rate is available until the hotel is fully sold out

Answer

Last room availability guarantees that the negotiated corporate rate applies as long as any room is available, preventing the hotel from blocking the rate during high-demand periods.

Question 5

Which tool is MOST commonly used to enforce corporate travel policy at the point of booking?

Accepted Answer

An online booking tool (OBT) configured with policy rules

Answer

An online booking tool configured with policy parameters enforces compliance proactively at the point of sale, rather than after the trip is completed.

(GTP) Global Travel Professional Practice Test

(GTP) Global Travel Professional Practice Test

GTP Corporate Travel Policy & Program Management 2