What Is a Preferred Supplier?

A preferred supplier is a vendor that a company partners with to receive exclusive rates, benefits, and service agreements for corporate travel. Preferred supplier agreements are commonly negotiated with airlines, hotel chains, car rental companies, and ground transportation providers, ensuring cost savings, priority booking, and traveler perks for employees.

By working with preferred suppliers, companies gain access to volume discounts, streamlined booking processes, and better service guarantees. Corporate travel agencies manage these partnerships on behalf of businesses, ensuring employees benefit from pre-negotiated perks like complimentary upgrades, flexible cancellation policies, and loyalty program advantages.