Investing in Travel Makes Companies More Competitive
Photo Credit: A traveler exits with her suitcase at Sacramento International Airport. Flickr / Robert Couse-Baker
Skift Take
Viewing travel costs as an opportunity rather than a necessary evil can help businesses become stronger, in terms of both morale and revenue. Making this shift is hard, and it's unclear how many companies are ready to commit.
It might sound counterintuitive to companies dead set on reducing costs, but there are significant perks to expanding the company travel budget, especially for businesses that have offices set up all over the globe.
In fact, putting more money into travel might make employees happier, create stronger relationships with customers, and ultimately lead to higher profits. At least that's what new research from the Harvard Business Review suggests.
This week we dig into the numbers behind these findings and look at the reasons why travel spend is so beneficial.
Plus we lay out the lingering fears of travel managers in the wake of
