It may appear counterintuitive, but there’s never been a better time to reimagine what corporate travel can mean to your company. With business travel still recovering, finance leaders, travel managers, and HR professionals are thinking through how they can be prepared for the future. From duty of care to cost savings, most companies weren’t able to take care of their people or bottom line earlier this year. This quiet travel period represents an opportunity to get better systems in place for your people and for your margins.
TripActions hasn’t slowed down once in the past six months. With nearly 500 new companies additionally on board since the beginning of the pandemic, we’ve found it more important than ever to build the products our community needs for real-time data, visibility, and control. TripActions was recently named to the Forbes 2020 Cloud 100 - the definitive ranking of the top 100 private cloud companies in the world - highlighting how the pandemic made us stronger. We continue to roll out new features and new ways for our communities to learn and lead.
As you decide on your return-to-business-travel plan, we encourage you to use our free-to-the-public TripActions Business Travel Recovery™ Tool and our COVID-19 Report in the TripActions Travel Manager Dashboard. These will help you assess the safety of travel, understand any associated government regulations, and use other pertinent real-time data to guide your policy decisions.
You can also explore the most pressing industry topics on the TripActions Community, which offers valuable insight from travel managers, finance leaders, HR professionals, and others.
Now, let’s dive into what’s happening across the industry today. You can check out past weekly news roundups here.
There’s a fragmented business travel landscape across Europe with hundreds of smaller travel management companies existing alongside larger agencies. In the UK alone, there’s at least 200 companies. That number could shrink, however, leaving a gap the bigger U.S. technology travel players - such as TripActions - will be ready to fill.
Corporations and their travel managers have forever changed how they assess business travel, which could ultimately be a good thing as all parties consider the value of a business meeting and how to get the most value from trips. This kind of value-based approach will ensure that money spent on business travel is worthwhile and the benchmarks against which travel is decided are good for the business and business traveler.
Reports of the death of business travel are greatly exaggerated, United Airlines CEO Scott Kirby said last week. Kirby is also “cautiously optimistic” the industry will be included in a future relief package. United Airlines has resumed existing flights and started to further keep passengers safe with antimicrobial coating on seats, trays, and bins.
Although the article highlights the mandates at all major hotel groups across the U.S., there is really only one lesson to glean. If you’re traveling to a hotel right now, you’ll need a face mask ready for all public areas. But you didn’t need a mandate to tell you that right?
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 and join the TripActions Community.