In today's fast-paced global world, business travel, also known as 'corp travel', has become an established factor of professional life. These trips, taken by employees and entrepreneurs for work-related pursuits, efficiently bridge the gap between different geographical areas, thus propelling growth and fostering global collaborations.

Corp travel not only serves the simple function of transporting employees from Point A to Point B but plays a critical role in achieving corporate objectives and targets. It allows for the building of strong relationships with prospective clients, substantial networking, and contributes to the enhancement of international trade.

The practice of corp travel significantly fosters face-to-face communication, which is highly valuable in business negotiations and meetings. While technology has greatly impacted communication practices, making virtual meetings a convenient option, it cannot fully replicate the significance of in-person interactions. During such corp travels, employees can more effectively communicate their ideas, address concerns, foster customer relations, and instantly rectify any misunderstanding.

Moreover, corp travel not only benefits the company but also contributes to personal development for employees. It offers them exposure to a broader spectrum of cultural and business practices, and the possibility to work in different environments and situations. It is an excellent opportunity for professional enhancement and character development.

However, it's important for companies to manage corp travel effectively. The optimal goal is to find the right balance between the business needs, the employee’s well-being during travel, and the financial implications of such travels for the company. Thus, corporations often rely on professional Corporate Travel Management Companies to craft efficient and cost-effective travel policies that meet the precise needs of the company and its employees.

These travel management companies provide services such as organizing transportation, managing travel expenses, risk management, and ensuring ease of travel for the employees. They play an integral role in reducing travel costs through negotiations with vendors, facilitating streamlined bookings and by implementing strategies to ensure that the benefits of corp travel exceed the costs.

In conclusion, well-planned and executed corp travel can drive companies to new levels of success. Not only does it provide a platform for enhancing business relations and achieving targets, but it also contributes massively to the personal development of employees. The use of corporate travel management companies helps optimize this process, ensuring that employees travel comfortably, efficiently, and productively. So, despite the advent of digital communication and virtual meeting spaces, corp travel retains an irreplaceable spot in the contemporary business landscape. The value it offers in terms of relationship-building, cultural immersion, and networking is matchless, indicating its continued relevance in the years to come.