Companies that rely on business travel have dramatically changed their strategies and plans during the COVID-19 pandemic due to the risks. With vaccination efforts well underway, air travel is starting to return to a new normal.
However there are ongoing complicated discussions about whether businesses can require employees to get the vaccine. This issue is even more critical for corporate travel.
The COVID-19 pandemic has brought a range of corporate travel elements under the spotlight. Travel policies are one such element.
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.
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.
