Business Travel News: June 1
TripActions is excited to play its part in enabling the world to get back to business travel safely. Last week our team released new product features including the latest location-specific COVID-19 data, local government restrictions at origin & destination, trends on business travel flight activity, and unused ticket trackers to help execs, travel leaders, and road warriors make decisions about the safety of travel when it inevitably returns.
TripActions CEO Ariel Cohen talked about the organization’s rapid growth throughout the past three months on the Twenty Minute VC podcast. He highlighted how the team worked effortlessly to make sure that we built what our communities needed most. But making the choices and decisions around how to start traveling again is a difficult process. We created a guide “Rethinking Travel & Expenses: A Framework for Business Recovery” to make sure that leaders and their systems are best positioned for the coming months.
On a lighter note, loyalty programs are going to be giving away more rewards than ever before and our latest episode of Open for Business dives into how business travelers and travel managers can make the most of recent changes to loyalty programs.
As the world slowly reopens for business travel, TripActions is doing everything it can to make sure that our communities, companies, and industry leaders have all the information they need to make the best choices for their business.
For the most accurate and up-to-date information on the evolving situation, please look to the WHO Situation Reports and CDC. You can also find the latest on the TripActions Community and within the coronavirus report in the TripActions Admin Dashboard.
You can check out past weekly news roundups here. Now, here’s the top news of the week.
Once travel managers succeeded in getting all their business travelers home safely, it was already time to start thinking about a phased plan for when business travel would eventually resume. Now that the time has arrived, corporate travel program managers are in the sensitive position of telling employees where and when to travel again. Skift looks at the numerous factors and approaches for getting back to business safely.
China Loosens Business Travel from Korea and Germany, Pressuring Other Countries [Wall Street Journal]
Companies will seek to gain a competitive edge as countries open up for business at different rates. It is likely that pressure to resume international business travel will pick up as other companies restart supply chains and travel again to form those in-person partnerships. The goal is to do all of this as safely as possible.
How COVID-19 Will Change Business Travel [Conde Nast Traveler]
A recent survey by consulting firm Oliver Wyman found that around three-quarters of business travelers expect to travel the same amount or even more after the pandemic, due to a resurgence of business activity, relatively low travel costs once lockdowns begin to ease, and pent-up demand after teleconferencing for months. Airlines and hotels are going to have to work hard to get business travelers back, but it won't be impossible.
Corporate Payments Come Alive [Business Travel Executive]
It is an exciting time in the corporate travel payment space. New technologies like virtual and mobile payments, blockchain, and other FinTech innovation are changing expectations among corporate program managers and employees and opening up a new way to pay for business travel. This will become even more important as companies seek to serve distributed workforces and contactless consumer behaviors become mainstream post-COVID.
Las Vegas Hotels to Open on June 4 [The Points Guy]
After months of closure, hotels and casinos in Las Vegas announced last week that they would open on June 4 as part of the state’s tentative plan to reopen all gambling and hotel businesses on that date. This is a symbolic opening as Las Vegas still represents one of the largest business travel and meetings destinations in the world.
Airlines are now trust merchants and must instill confidence in travelers by communicating the very real steps that carriers are taking to make sure that air travel is as safe as possible. New technologies will play an important role in establishing a standard of practice across the global industry.
For more news and actionable insights from the business travel community, subscribe to Open for Business: A Corporate T&E Podcast Powered by TripActions on your favorite podcast platform.