Business Travel + Payments News for the Week: January 20
With 2021 now in full swing, it is exciting to see the developments taking place across the corporate travel and fintech industries. International governments are finally establishing sustainable travel requirements that will lead to more open borders and safer travel. On the finance side, it is arguable that fintech has become the hottest market in the past six months with investments and innovation being announced on a daily basis.
To that end, we want to serve our community of finance leaders by parsing through the bombastic headlines and providing some real insight into how the finance role is changing and why technology is more important than ever to productivity and cost savings. The TripActions Liquid™ Academy launches this week with new courses publishing weekly through February 23rd.
Don’t sleep on this. Sharpen your skills on the fast-evolving new world of enterprise finance technology for fintech.
And remember, as you chart a path to return to business travel, the free-to-the-public TripActions Business Travel Recovery™ Tool and the COVID-19 Reports are powerful tools for rebuilding your T&E program. They’ll help you assess the safety of travel, understand any associated government regulations, and use other pertinent real-time data to guide policy decisions. You can also explore the most pressing industry topics on the TripActions Community, which offers valuable insights from travel managers, finance leaders, HR professionals, and others.
Now, here’s what’s happening across the industry today. You can check out past weekly news roundups here.
A Guide to the New Covid-19 Testing Rules for Travel to the U.S. [Wall Street Journal]
The Centers for Disease Control and Prevention has ordered that all travelers flying to the U.S. from abroad will have to show proof of negative Covid-19 tests before boarding their flight starting January 26. Yes, this includes American citizens. This WSJ piece covers everything you need to know about the new protocols before you take a trip.
The main feature of Travel Pass is a mobile app that helps travelers to store and manage their verified certifications for COVID-19 tests or COVID-19 vaccines; it also provides more security and efficiency than paper processes.
Air Travel to Rebound Faster than Expected [Bloomberg]
Although an opinion piece, this Bloomberg article gives a great overview of the current state of the market and why there is reason to believe that even airlines will be caught off guard when pent up demand turns into actual bookings.
Several technology companies in the corporate travel sector have revealed funding rounds this month, which are considered a vote of confidence in better times ahead.
Despite the pandemic halting travel, many companies have used the downtime over the past 10 months to invest in new systems and these startups are gearing up for recovery and ready to play a role in helping organizations lower their costs in the future.
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.