Articles tagged “business travel”

Employers want their business travelers to comply with policy. Step one: Communicate that policy effectively.

The corporate travel management arms race in China is heating up since the country's business travel market continues to surge. China, however, is an extremely complicated market with its own unique idiosyncrasies and pitfalls.

If companies really want travelers to comply with policy, they should start with making sure their communication is effective.

The initial surprise over the Brexit vote has waned, but lingering uncertainty over the long-term effects remain. That could still impact business travel in the coming years.

It will take months and maybe years for the full impact of a new U.S. president to be felt in the corporate travel industry. Right now all we have are campaign promises and threats, and lots of questions about the future.

A lack of business travel demand generally means lower prices and less spend for businesses. It also means business travel could be waning, a bad sign for the overall economy.

China is already the world's largest business travel market and getting even larger, though most of that travel takes place within the country. We're interested to see how the global industry adapts when more of those business trips are international.

Everyone wants a better balance between their personal and work lives. Younger travelers are leading the charge when it comes to helping push forward more progressive change in corporate travel policy.

Millennials are a driving force in society, and business travel is no exception. We expect the corporate travel world to recognize the changes younger road warriors want to see and put them into practice — eventually.

Travel brands need to start paying attention to how younger travelers book travel, especially in business travel. Companies will have a new set of challenges to face, especially if airline or hotel loyalty programs and other perks are less important than local experiences or brand identity.