Good morning from Skift. It’s Friday, July 26, and here’s what you need to know about the business of travel today.
16.07.2024 - 10:21 / traveldailynews.com / Theodore Koumelis
Despite high awareness of company travel policies among business travelers, a BCD Travel survey reveals a significant gap in compliance, with deviations often due to inflexible or unresponsive policies, highlighting the need for more adaptable and traveler-centric regulations.
UTRECHT, THE NETHERLANDS – While many business travelers know of and often refer to their company’s travel policy, there’s still a gap between policy awareness and policy compliance, according to a recent BCD Travel survey of 1,200+ business travelers worldwide. The survey looked at changes in travel policies and traveler satisfaction with current regulations.
In a corresponding April survey of 200+ travel buyers, BCD found that two-thirds of travel buyers consider their travel policy to be extremely or very effective.
On the surface, this statistic seems to hold true when business travelers are asked about their company’s travel policy. The survey shows that more than 95% of travelers know where to find the travel policy, and nine out of 10 have consulted it (with a quarter doing so frequently). Eight out of 10 travelers have consulted their travel policy within the past 12 months. And half are satisfied with the policy.
Craig Bailey, President, Americas, BCD Travel
“Based on our survey results, travelers in NORAM are less inclined to consult their corporation’s travel policy compared to travelers from APAC and Europe,” said Craig Bailey, President, Americas at BCD. “This could result in more out-of-policy bookings. While these bookings create extra costs and, in some cases, risk issues, the lack of awareness around policy changes could also hurt the organization’s overall goals, for instance, regarding sustainability.”
One factor contributing to this behavior may be the frequency around travel policy communications. A quarter of APAC travelers reported receiving communications about their travel policy often compared to only 15% of NORAM travelers.
The survey shows that more than two-thirds of travelers deviate from their company’s travel policy. Most often, this is due to client meetings requiring out-of-policy transportation or accommodation or booking conference and event accommodations with non-preferred suppliers. As a result, traveling employees often need additional approvals for non-compliant bookings.
Companies can boost travel policy compliance through employee involvement and engagement. BCD provides expert advice on how to build a strategy to maximize compliance, including integrating solutions that travelers want to use, with the data insights travel managers need to influence behavior.
Over one in five travelers said their company’s travel policy isn’t responsive to traveler needs or is too restrictive. In fact,
Good morning from Skift. It’s Friday, July 26, and here’s what you need to know about the business of travel today.
Jul 24, 2024 • 9 min read
It's not every day that a chef gets a chance to open a restaurant in a cave.
Solo female travellers are a growing and very attractive market; in fact, 14% of women travel without the company of family, friends or a partner, which translates into habits, needs and expectations, as well as specific tourist services and products. Mabrian and The Data Appeal Company-Almawave Group, analysed the female solo traveller demand worldwide* to identify five key factors that outline the profile of this segment.
Sandals Resorts International invites travelers to feel the vibrant rhythms and stunning ombre blues of the Caribbean Sea with incredible savings across eleven (11) Sandals Resorts and three (3) Beaches Resorts with the “Rhythm and Blues” sale. The limited-time offer rewards guests who want to bask in paradise just a little longer with up to $1,000 in air credit to be enjoyed this summer and through mid 2025 at select resorts. As an added benefit, for a limited time, booking online at sandals.com or beaches.com earns guests an additional $100 off their stay.
Two years ago, my then 4-year-old son, Oscar, was diagnosed with severe anxiety and as having features of pathological demand avoidance, a nervous system disability that presents as a pattern of behavior in which kids go to extremes to ignore or avoid following ordinary rules.
Affiliate links for the products on this page are from partners that compensate us and terms apply to offers listed (see our advertiser disclosure with our list of partners for more details). However, our opinions are our own. See how we rate credit cards to write unbiased product reviews.
When we talk about traveling the world, we often speak exclusively of the earth’s surface: the number of countries visited, borders crossed, cities surveyed.
About a year before starting a family, my husband and I applied for permanent New Zealand residency because we wanted to raise our future child in the United States and New Zealand.
When settling on a place to live, cost of living is certainly a factor. But so is the recreation opportunities.
Business travelers from around the world are increasingly concerned with equal opportunities for business trips, travel disruptions and a less flexible business travel environment due to cost-saving measures, according to the sixth annual SAP Concur Global Business Travel Survey.
IATA and KLM welcomed the Dutch Supreme Court’s ruling, affirming that Schiphol Airport’s capacity cuts violated the Balanced Approach for noise management, upheld by EU law and international treaties.