Travel Industry News at TravelNewsAsia.com since 1997
Fri, 14 January 2022

BCD Publishes Report on Business Travel Trends for 2022

(14 Jan 2022)  With the COVID19 pandemic prompting many businesses to refocus their travel priorities, BCD Travel has identified the following eight trends that it believes will resonate with travel managers and travelers in 2022 and compiled them in a new report - Business Travel Trends for 2022.

- Coming out of a sustained period with little or no travel, companies are reviewing the value of sending employees on business trips. Employees value travel for the opportunities presented by in-person meetings with colleagues, clients and business partners. But travel programs need to adjust to the new ways of working created by the pandemic, including finding the right balance between virtual and in-person meetings.

- The 2021 COP26 UN Climate Change Conference put climate change and sustainability firmly in the global spotlight. As more countries and non-governmental organizations, such as IATA, make commitments toward a net-zero carbon future, the pressure grows for everyone. Companies are engaging with sustainability, and travel managers are exploring ways to reduce their programs carbon footprint.

London Heathrow (LHR) T2. Picture by Steven Howard of TravelNewsAsia.com Click to enlarge.
London Heathrow (LHR) T2. Picture by Steven Howard of TravelNewsAsia.com

- Gone are the times of rigid employment policies for office-based workers. The transition to remote settings is rapidly changing the way we work and travel. Companies need to adjust workplace policies to the needs of digital nomads and hybrid employees, firmly placing them on the people risk management agenda.

- An increase in remote and hybrid working demands companies extend their duty of care to employees whenever they are away from the office, and not just when theyre on a business trip. Forward-thinking companies are moving from travel risk management to people risk management. They recognize the shift from keeping their travelers safe to keeping all employees safe, no matter where they are.

- The risks associated with a global pandemic have dominated peoples minds for almost two years. But as travel returns, its important to recognize the other risks to which travel managers and their travelers may be exposed, such as extreme weather events, terrorism, economic risks and cybersecurity breaches. Companies must evaluate their travel risk management program to ensure their employees safety and security on the road.

- Cyber threats continue to grow, as does their potential impact. Many travel managers already recognize the importance of cybersecurity, placing it at the forefront of their TMC relationship. But they also need to protect their company and travelers from active cyberthreats. The first step is to recognize cybersecurity as a daily risk to travel and take responsibility for tackling it. Prevention, or minimizing the impact, will pay dividends over simply responding to cyber incidents after the damage has been done. Second, as employees are often the weakest point in a companys defense, its highly recommended that travelers receive proper security training and follow the right precautions when taking a business trip.

- Globalization has brought incredible benefits over the last 20 to 30 years. But political unrest, changing consumer values and costs and supply- chain issues are forcing a rethink. Companies are shifting from a consolidated to a more diversified approach toward supply, production and consumption and looking at ways of bringing production back closer to the point of consumption. Business travel patterns may shift as a result. As the reset unfolds, travel managers can have the best of both worlds by selecting travel suppliers with global networks underpinned by local operations that provide the support and expertise tailored to the specific needs of employees in each market.

- BCDs travel buyer survey revealed payment and expense to be among some of the biggest pain points when managing business travel end-to-end. Adopting fintech-based solutions can help simplify, digitize and automate corporate travel payment, reconciliation and invoice management. Travelers, travel managers and finance teams can mutually enjoy the benefits of a frictionless, digital payment experience, from trip booking and payment through reconciliation.

With new COVID variants emerging, its not clear when business travel will return to pre-pandemic levels, but its high time companies start thinking about how to future fit their travel programs, said Jorge Cruz, Executive Vice President for Global Sales & Marketing at BCD Travel. Crucial tasks for travel managers include measuring the value of travel, demonstrating the quality of its outcome, and proving to internal stakeholders that its worthwhile. The key is not to simply reduce travel spend, but to increase the effectiveness of that travel towards meeting the companys goals.

The 24-page, 2.7MB report can be downloaded here. Registration is required.

See also: Travel Risk, COVID19 and Gopass Global - Exclusive Video Interview with Mark Radford, Founder and CEO.

Headlines: Minor Hotels Signs First NH Collection Hotel with a Beach Club  Bangkok Airways to Launch Double Daily Sealed Flights Between Bangkok and Phuket  Dara Hotels Group Appoints Weng Aow as Managing Director  WTTC Changes Date of Global Summit in Manila, Philippines  CWT Becomes a Launch Partner for Etihad's Corporate Conscious Choices  SWISS Takes Delivery of First A320neo with Airspace Cabin  Airbnb to Launch Travel Insurance Product  World Rugby Changes Dates of Canada and Los Angeles Sevens Events  350 Delegates Expected to Attend ASEAN Tourism Forum 2022 in Cambodia  BCD Publishes Report on Business Travel Trends for 2022  AirAsia Launches Xpress Parcel Delivery Service in Bangkok, Thailand  Marriott Signs First W Hotel in Greece  Priority Pass Expands App with CarTrawler Partnership  Swire Hotels Upgrades Digital Experience  BA to Launch Flights from LCY to Barcelona, Luxembourg, Milan and Thessaloniki  Boeing Expands Partnerships with German Industry  Travel Risk, COVID19 and Gopass Global - Interview with Mark Radford, CEO  AirAsia Malaysia Expands Domestic Network with New Routes  IHG Takes Over Management of 5-Star Resort in Bali, Indonesia  Singapore Airlines Extends and Expands PPS Club, KrisFlyer Benefits  IATA Reports Global Passenger Traffic for November 2021  Aernnova to Acquire Embraer Industrial Plants in Evora, Portugal  Finnair Cuts 20% of Flights in February  Munich Airport's Latest Statistics Highlight Pent Up Demand for Air Travel  Accor Opens 22nd Novotel Hotel in Thailand  Sabre Expands SafePoint Travel Risk Management Solution  Airlines in Asia Pacific Report Improvement in Passenger Demand  Growth in Global Air Cargo Markets Slows in November  Falko Regional Aircraft Signs eVTOL LOI with Eve  GKN Aerospace Selected as Partner on Gulfstream's New G400 and G800 Jets  Vincent McGrath Returns to UK as Hotel Manager of The Dorchester  World Rugby Appoints Charlotte Samuelson as Chief Operating Officer  Singapore Airlines and NUS Establish Digital Aviation Corporate Laboratory  Minor Hotels Expands Avani+ Brand to Koh Lanta, Thailand  AirAsia to Launch Remote Drone Pilot Training in Malaysia  Azorra Orders 20 A220-300s and 2 ACJ TwoTwenty Aircraft  Phuket Home to Banyan Tree's New Hotel Brand, Homm  Rosewood Opens First Hotel in South America  Marriott Signs W Hotel in Studio City, Macau  France Orders 10 H160s in a Law Enforcement Configuration  Ascott Secured 15,100 Units Across 72 Properties in 2021  FCM Launches Fee-Free Travel Management Programme in Singapore  Mandarin Oriental Shenzhen to Open 20 January  Hamad Int. Airport in Qatar Reports 41.37% Increase in Passengers in 2021  Qatar Airways Cargo Receives CEIV Live Animals Certification from IATA  Iraqi Airways Takes Delivery of First A220-300  Fabio Datteroni Appointed GM of Oetker Collection's First Italian Masterpiece Hotel  Gulf Air Receives Skytrax Five-Star COVID19 Airline Safety Rating  IHG Signs 4-Hotel, 2,709-Room Deal in Vietnam  Marriott Signs W Hotel in Nanjing, China  Greater Bay Airlines Signs Distribution Agreement with Amadeus  Allegiant Air Orders 50 Boeing 737 MAX Aircraft  Four Seasons Appoints Martin Cody as Senior GM of Two Hotels in Africa  IHG Signs Asia's First Vignette Collection Hotel  Comlux Takes Delivery of First ACJ TwoTwenty  Atlas Air Orders Four Boeing 777 Freighters  Air New Zealand Takes Delivery of ATR's 1,600th Aircraft  Emirates to Operate Double Daily Flights to Seychelles  French bee Takes Delivery of First Airbus A350-1000  Gilles Arzur Moves to Mauritius as Executive Chef of Four Seasons at Anahita  Ritz-Carlton Reopens Resort in Grand Cayman Following Major Renovation  QantasLink Launches Flights Between Melbourne and Burnie Airport in Tasmania  airasia ride Launches in Johor Bahru, Ipoh, Seremban and Melaka  Emirates Expands Partnership with Alhosn National Health System  Nok Air to Upgrade Operations with Technology from Radixx and Sabre  Emirates Takes Delivery of 123rd and Final New Airbus A380 Superjumbo  SIA Working with Retailers to Sell Products Made from Upcycled Parts of Retired Aircraft  New Zealand's MICE Options Expand as Te Pae Convention Centre Opens in Christchurch  BA Resumes Flights to Doha; Plans to Expand Partnership with Qatar Airways  SITA Upgrades Technology at Kuala Lumpur International Airport  ATR Receives EASA Approval to Extend Intervals of Type C Maintenance Checks  France's DGA Orders Two Additional Five-Bladed Airbus H145 Helicopters  Thai AirAsia to Launch VTL Flights Between Bangkok and Singapore  Singapore Airlines Signs LOI for 7 Airbus A350 Freighters  Qantas Unveils Plan to Order 40 Single-Aisle Airbus Aircraft  Sabre Appoints Kurt Ekert as President  Cathay Pacific Reports November 2021 Traffic  Qatar Executive Takes Delivery of Three More G650ER Aircraft  Pamela Fletcher to Join Delta as Chief Sustainability Officer  Qatar Airways Resumes Premium Inflight Dining Experience  Novotel Sunshine Coast Resort Completes Major Renovation  British Airways' Short-Haul Subsidiary at London Gatwick to Take Off in 2022  UK Removes All Countries from Red List  Thai Airways Launches VTL Flights Between Bangkok and Singapore  Bangkok Airways to Reopen Int. Passenger Lounges at Suvarnabhumi  Luca Virgilio Returns to London as GM of The Dorchester Hotel  Phuket Hotels Association Appoints Bjorn Courage as President  ACJ TwoTwenty Completes Maiden Flight  IHG Signs Crowne Plaza Hotel in Vinh Yen, Vietnam  Dorchester Collection Names First Hotel in Dubai  United Airlines Expands Partnership with Virgin Australia  Laminaar Aviation Signs MOU with Global Component Asia  Chunxia Gao Joins MSpa as Group Director - Asia  Dusit Partners with World Animal Protection  Pablo Molinari Joins Four Seasons New York Downtown as Hotel Manager  Airbus Expands Presence in Spain with Zero Emission Development Centre  All Nippon Helicopter Takes Delivery of First Airbus H160  HKIA Reports November Traffic; Launches Free Flight Delay Insurance  Qatar Airways Increases Flights to Popular Destinations  1,200 Swimmers Take Part in Hong Kong's New World Harbour Race  Marriott to Open 30 Luxury Hotels in 2022  Whitbread's First Premier Inn Hotel on Guernsey to Open in February  Air Canada's First Dedicated Freighter Enters Service  Travellers Can Now Upload My Vaccine Pass to Air New Zealand Airpoints Profile  IHG Opens 182-Room Holiday Inn Hotel in Queenstown, New Zealand  Cross Signs Two Hotels in Vietnam  Pan Pacific Revamps Discovery Loyalty Programme  The Dorchester Hotel in London to Remain Open During Major Renovation  Etihad Guest FFP Launches Conscious Choices  Zip Partners Sabre to Enable Buy Now Pay Later Options for Travel  IHG Signs Three Hotels with JJW  Brazil's Federal Police Takes Delivery of First of Two Embraer E175 Jets  Dusit Signs Mountain Resort in Hangzhou, China  Indonesia's Artotel Group Acquires Dafam Hotel Management  777 Partners Orders 30 More Boeing 737 MAX Aircraft  Air Astana Takes Delivery of 7th Airbus A321LR  First Students Begin Flight Training at United Aviate Academy in Phoenix  Cathay Pacific Signs Expanded Distribution Agreement with Travelport  HD Videos and Interviews  Podcasts from HD Video Interviews  RSS News Feed and Ticker  Travel Industry News Archives  Travel Trade Shows  High-Res Picture Galleries  Travel News Asia - Latest Travel Industry News 

Receive our Latest Travel News Daily Email free of charge by entering your email address and name in the boxes to the right and clicking subscribe. By subscribing, you agree with Revue's Terms of Service and Privacy Policy. You can also receive the news by WhatsApp, stay updated with our RSS Feed Travel Industry News by TravelNewsAsia.com, and even Add the Headlines to Your Website free of charge. Have questions? Please read our travel news FAQ.

     
Advertising
Advertising
Copyright © 1997-2022 TravelNewsAsia.com