TRAVERSE 20 is happening next week and the online travel and expense summit couldn’t come at a better time. We’re looking forward to taking a few hours to hear expert advice from T&E leaders, insights from top companies, and hands-on approaches for today’s biggest challenges. The COVID-19 pandemic has presented an opportunity for organizations to modernize their T&E platform and TRAVERSE 20 will highlight why and how to do so. Through keynotes and breakout sessions led by finance and travel industry thought leaders, attendees will explore topics from business travel recovery and airline safety protocols to how to better control costs and save money in our new reality. We’re looking forward to it and hope to see you there.
Remember, 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.
The pandemic has challenged many companies to rethink the traditional office culture and created an opportunity to rethink the benefits of business travel. The ability to visit colleagues and customers will become even more important in a dispersed workforce and the industry is already thinking through how to best support this new culture.
Commercial cards — and virtual cards in particular — are ready for a steep adoption curve, made all the steeper by the pandemic. Everything from the procurement process to tracking employee spend is being rethought at just the right time: The technology to support a more efficient, accurate way of controlling expenses is already available.
European airlines are hoping pre-flight COVID-19 tests that deliver results will help restore passenger confidence in taking flights. Airlines such as Lufthansa and Alitalia are working to implement the tests as early as next month. The advancement comes as airlines pressure governments to embrace alternatives to blanket travel restrictions in Europe.
Corporate Travel Seeing a Slow but Steady Rebound [TravelWeek]
Half of the respondents of a recent corporate travel survey reported their employees are already traveling or booking reservations to travel for the near future. More than 90% of businesses indicated that they plan to travel domestically and take short-haul international flights within three months of governments reopening borders and lifting restrictions.
The hospitality legend believes it is only a matter of time before things return to normal. He is, however, looking forward to technology as a “new frontier” in the hospitality industry, providing creative ways for lifestyle businesses to automate check-in and ensure hygiene and safety.
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.