Review Your Travel Policies As Soon As Possible
The COVID-19 pandemic has brought a range of corporate travel elements under the spotlight. Travel policies are one such element.
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Business Travel Blog
Navigating Sustainable Travel: Why Data is Key
It’s no secret that traveling is one of the biggest impacts that an individual can have on the planet. As corporate travel is fast returning to the norm it is necessary to carefully assess company travel programs to ensure an even more responsible and sustainable approach to travel than ever before.
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3 Key Ways to Prepare for the Return of Business Travel in a Post-Pandemic World
The effects of COVID-19 have been felt to varying degrees across industry sectors in all corners of the globe. Business travel, in particular, had an average growth rate of 5.1% annually over a period of 10 consecutive years before the true financial impact of the pandemic could be accounted for in the second quarter of 2020. A sharp decline had been recorded by the end of 2020, according to the Global Business Travel Association – a sobering look into the bleak reality caused by the pandemic.
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Travel Program Leakage: Safeguarding Your Travel Program
Travel program leakage is a travel manager’s worst nightmare. Leakage happens when employees bypass your corporate travel program and book outside of your approved online booking tool (OBT) or travel management company (TMC). This affects your travel spend and prevents you from capturing important data. While travel leakage was always an issue, thanks to Covid-19, it is occurring more frequently than ever before.
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Tackling Corporate Travel Management Challenges in 2020 and Beyond
Without a doubt, it’s a challenging time to work in corporate travel management. COVID-19 has changed the business travel landscape drastically, bringing in a whole slew of new obstacles and unknowns while the usual demands of the job remain ever-present.
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Strategies for Mitigating Airfare Price Volatility: Insights for Travel Managers
Travel managers have had a lot to think about due to the disruptions in business travel in the wake of COVID-19. Refunds, vouchers and cancellations have been, and continue to be a headache for most corporate travel programs. Airfare prices are now starting to cause additional cost control issues as essential travel resumes
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Revolutionize Corporate Travel Spending with Virtual Payments
The travel restrictions and economic slump brought on by COVID-19 have been a major operational challenge for travel managers, to say the least. You’re not only managing an onslaught of canceled flights, refunds, and unused tickets, but you’re also likely dealing with heavily reduced budgets. But with this disruption comes a unique opportunity.
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Redefining Corporate Travel Policies Post-Pandemic
COVID-19 has seen corporate travel grind to a halt around the world, with businesses forced to cancel all travel as they grapple with the profound financial implications of a global crisis.
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This Week’s Business Travel Insights: August 28th, 2020
On August 26th, Skift’s Sean O’Neill reported banking and finance giant Capital One’s acquisition of Freebird. Freebird offers smarter flight insurance and disruption services and is a very interesting acquisition for a card provider to augment its existing insurance offerings as well as potentially include ‘smart insurance’ to its credit card users.
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Why Airfare Price Tracking is More Relevant Now than Ever Before
Understanding how airlines price their fares can be a minefield – and the cost of a ticket can change multiple times per day. This makes it difficult for business travelers to secure the best price, so many corporations end up paying more than average for travel.
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