With an exponential increase in the growth of business travel market, companies are far more widely present across the world; but it has also exposed them to risks associated with the same. This whitepaper aims to bring into perspective the multiple risks involved in business travel and their potential impact on cost, employee safety and organizational reputation. Risk management is a crucial element of the business travel program for an organisation and TMCs can play an influential role in assisting them to optimise their risk management.
With unprecedented times comes the need for flexibility. Find out why you should create an interim travel policy, learn about the changes needed for an interim policy and read our COVID-19-specific recommendations.
Safety, Efficiency, Productivity and Transparency form the key pillars of successful travel management. The whitepaper analyses key trends and implications under each pillar and gives strong recommendations to companies to manage corporate travel more effectively
Comprising business and leisure segments was a USD 7.2 trillion market globally in 2015, dominated by leisure spends. Global business travel spends are highly skewed with the Top 15 countries accounting for 82 per cent of the travel spends.
Globally, technology has penetrated deep into business travel practices — from generating a booking request to expense management and reimbursements. It finds a host of applications in travel, including online booking tools, sharing economy services, travel analytics, virtual assistance, payments and compliance.