Corporate Travel Management (CTM) has launched its enhanced Sleep Space hotel platform in North America, marking a significant milestone in its aggressive global expansion strategy. Initially introduced in Australia and New Zealand, where it facilitated over 900,000 room bookings with rates averaging 13 percent below the market average, Sleep Space now extends its reach to key business hubs such as New York, Los Angeles, Toronto, London, Mexico City, and Paris. According to the announcement, this platform gives corporate travellers direct access to hotel rooms, bypassing third-party markups, and aims to drastically reduce costs associated with corporate hotel bookings.

Sleep Space is designed to simplify the corporate travel hotel booking process by promoting direct connections between hotels and businesses. This approach not only offers better rates — on average 13 percent below typical market prices — but also supports hotels by reducing the cost of distribution and ensuring they reach a highly engaged corporate audience. For business travellers arriving in major metropolitan areas, the platform promises a smoother, cost-effective booking experience accessible through CTM’s Lightning online booking tool, with integration via Concur expected by the end of the year. This expanded access should improve booking efficiency and make it easier for corporate travellers to manage their stays within one centralised system.

One of the platform’s standout features is its ability to improve travel compliance and reduce booking leakage, a challenge that often increases corporate travel costs. By leveraging direct hotel partnerships integrated into CTM’s existing booking tools, businesses can ensure employees book within approved corporate policies, improving budget control and simplifying management. This reduction in out-of-policy bookings helps companies optimise their travel spend while still offering quality accommodation options. The result is less administrative burden for travel managers and more consistent adherence to company travel policies.

CTM’s expansion into the North American market represents a major step forward in its goal to refine corporate travel management. With Sleep Space’s presence in lucrative business centres spanning continents, the platform is poised to benefit a broad spectrum of corporate clients by lowering costs and enhancing the booking experience. Partnerships with major booking platforms such as Lightning and Concur expand the platform’s accessibility, reflecting a wider trend in the travel industry towards sustainable, cost-efficient travel solutions. As the demand for smarter travel management tools grows, Sleep Space emerges as a competitive option that not only cuts costs but also simplifies the corporate travel ecosystem.

While primarily targeted at corporate travellers, Sleep Space's streamlined booking and cost reduction benefits may extend to tourists and other travellers visiting major global cities. The platform’s model suggests a potential for more affordable, efficient hotel access beyond the business sector, which could enhance travel experiences in cities like London or Paris for all types of visitors. For companies, this platform represents a smarter approach to travel booking — enabling quick, budget-conscious reservations that conform to corporate policies, whether for meetings in Mexico City or retreats in Europe.

Looking ahead, Sleep Space’s global rollout indicates a broader vision to transform corporate travel management. By integrating more deeply with online booking tools and expanding into new regions, CTM aims to establish its platform as an essential resource for companies seeking to optimise travel spend while delivering convenience and control. According to CTM, Sleep Space is not merely a cost-saving tool but a comprehensive solution to improve travel efficiency, compliance, and user experience in the corporate world.

This move comes as the corporate travel industry increasingly seeks innovative platforms to manage growing travel volumes and expenses. Competitors such as Roomex and Corpay Lodging offer alternative solutions featuring extensive hotel networks and cost management tools, underscoring the competitive and evolving nature of this sector. Meanwhile, industry players like SiteMinder continue to provide broad hotel distribution technology, highlighting the complexity and fragmentation of hotel booking services. CTM's Sleep Space, integrated within its wider Global Hotel Program offering over 48,000 properties in 200 countries, reflects a strategic effort to consolidate and streamline corporate travel hotel bookings under a single, efficient platform.

Ultimately, Sleep Space's expansion may redefine corporate travel hotel booking by delivering better rates, improving compliance, and simplifying management—a compelling proposition for multinational companies operating across major business capitals worldwide.

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Source: Noah Wire Services