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Best Enterprise Travel Management Software 2025

What is Travel Management Software? Travel Management Software, also called Corporate Travel Management (CTM) Software, is designed to help companies coordinate the travel activities and expenses of its employees. These products handle a variety of tasks, such as booking hotels and flights, coordinating the travel schedules of all traveling team members, and recording travel expenses. Travel management software allows companies and individuals to spend less time manually planning trips and ...

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What is Travel Management Software?

Travel Management Software, also called Corporate Travel Management (CTM) Software, is designed to help companies coordinate the travel activities and expenses of its employees. These products handle a variety of tasks, such as booking hotels and flights, coordinating the travel schedules of all traveling team members, and recording travel expenses.

Travel management software allows companies and individuals to spend less time manually planning trips and logging travel expenses. It also provides solutions to unforeseen travel mishaps, such as a canceled flight or overbooked hotel. In these cases, a comprehensive travel management product will manage the process of finding the next best lodging and booking a new flight.

This category of software products overlaps with Expense Management Software for keeping track of employee expenses while on the road. Many travel management tools also include expense tracking.

Some examples of products that include both expense management and time management capabilities are:

Travel Management Software Features & Capabilities

Travel management products often include the following features:

  • Hotel and airline booking
  • Generating master itineraries
  • Individual schedule management
  • Schedule coordination among team members
  • Travel expense reporting and tracking
  • Tax payment and reporting
  • Travel-plan calendar synch
  • Travel document storage
  • Travel alerts and reminders
  • Weather forecast updates
  • Flight cancellation assistance
  • Destination condition updates
  • Traveler safety and security management
  • Travel policy management
  • Mobile application

Pricing Information

Many vendors offer either free trial period of their product or ‘freemium’ version that includes a smaller set of features.

Pricing models for time tracking software vary by vendor and by type of plan. Vendors that offer stand-alone travel management products may charge a flat monthly fee, a monthly per-user fee, or an annual fee. Flat monthly fees start at around $50, while the lower end of per user per month fees is around $10. Prices for annual fees depend on the size of your business and the number of software users.

Travel management solutions that are part of larger suite offerings (these may be paired with travel expense and risk management products) are generally more expensive.

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Travel Management FAQs

What is the purpose of travel management software?

Travel management software is designed to help companies coordinate the travel activities and expenses of its employees. These products handle a variety of tasks, such as booking hotels and flights, coordinating the travel schedules of all traveling team members, and recording travel expenses.

What are the benefits of using travel management software?

Travel management software enables businesses to spend less time manually planning trips and logging travel expenses. It also provides solutions for unforeseen circumstances, such as a canceled flight or overbooked hotel.

How much does travel management software cost?

Vendors that offer stand-alone travel management products may charge a flat monthly fee, a monthly per-user fee, or an annual fee. Flat monthly fees start at around $50, while the lower end of per user per month fees is around $10. Prices for annual fees depend on the size of your business and the number of users.

What is the best travel management software?

The travel management software with the most reviews on TrustRadius is Concur Travel and Expense, which is a Top Rated product for 2021. Emburse Chrome River is another product that received positive reviews from mid-size companies and Enterprises.