Case Study: a world’s top travel and hospitality company achieves over 13% savings with GEP

Improving Bottom Line of a Top Travel and Hospitality Company

A leading luxury hotel corporation, a major player in the travel and hospitality industry, was facing severe financial pressure from the global recession and declining revenues. The company enlisted GEP to help drive significant savings to its bottom line.

GEP leveraged its GEP Suite 5.0 platform, including GEP Project, RFx, Auction, and Contract tools, to manage strategic sourcing initiatives across several spend categories. Through this process, which included reverse auctions for commoditized categories, GEP helped the client achieve over 13 per cent savings on average, totaling $13 million on an in-scope spend of $95 million.