HOW TO GET THE MOST VALUE OUT OF TRAVEL, FOR COMPANIES AND EMPLOYEES
Corporate travel has been on an unprecedented growth trajectory in recent years. As business models become increasingly global, companies will spend $1.7 trillion by 2022to send their employees traveling around the world. Corporate travel is the top growth market with Australia’s travel market, jumping 11 percent to 21.3 million travelers in the 12 months to March 2018 and with business travel spend increasing 6 percent to over $16 billion in the same period. In fact, the prospect of travel and having a good corporate travel policy has become a recruitment question and a means of attracting talent for many companies. Travel policy data found that 44% of business travelers would actually leave a job due to poor travel policy, while 50% say that a company’s travel policy would impact their decision to take a job. With travel now having a direct impact on a businesses’ bottom line, we’re seeing examples of greater flexibility in travel policies to reflect the desire, status, and ex...