During the first quarter of 2020, entire workforces were sent to work from home in order to limit the spread of the coronavirus. But now, it seems as though a global green light on business travel could be just around the corner. That, however, is unlikely to mean that demand for travel will instantly revert back to pre-COVID levels. Sustainable and mindful travel is fast becoming a trend, too. All of this could mean that employers need to rethink travel and expense strategies for the “New Normal”.
Despite that, it has been predicted that the outlook for global business travel spending is expected to reach USD 1.7 trillion by 2022.1 Meals, flights, accommodation, car rental, and telephone expenses are just a few things that stakeholders need to supply and eventually account for. Nowadays, there is also the need to provide anti-contagion materials, such as hygiene masks, gloves – even health examinations. Given that around 1.3 million business trips are made every day, there are a lot of details to comb through to ensure a successful trip.
1Source: Trodent – Business Travel by the Numbers (2020)