Catastrophic natural disasters, horrific terrorist attacks, and worrying medical crises took home all the news last year, underscoring travel risk management strategy as a major point of emphasis for businesses in 2018.
The recent surge of yellow fever cases in South America has become a headache for business travelers. Travel managers must stay well informed about new immunization requirements being imposed by certain countries in the region. Travelers may have boarding or immigration entry denied if they do not comply with these new yellow fever requirements.
A conference in Hong Kong. A business deal in Buenos Aires. Expanding operations to Sydney. The current business climate has made every company a global company. But with this global economy comes a need for services on a global scale, ones that are able to perform whether at 2PM or 2AM. When it comes to managing business travel, a 9-to-5 business hour mentality is no longer feasible. Travel Managers sleep easier knowing their employees have someone reliable to call when their flight gets cancelled in the middle of the night and they are stranded in another continent.
As we move towards an increasingly globalised world, organizations are travelling to more diverse locations than ever. Against a backdrop of heightened risk exposure in seemingly safe cities, one thing is clear; business must continue. To support business enablement, travel management companies now play an integral role in ensuring risk mitigation is in place.
In today's global business environment, companies of all sizes may have sales territories or business operations that extend well beyond one location. Capitalizing on growth opportunities in 2017 and beyond requires international travel, as evidenced by companies spending more than $1.2 trillion on business travel last year. This trend is expected to continue, according to the Global Business Travel Association, with spend increasing 5.8 percent annually to $1.6 trillion in 2020.
Big changes are coming to the United States Aviation Security screenings as security becomes a top concern in these volatile times. New procedures in airports are being rolled in around the world and domestically in order to increase traveler safety. Below we outline what to expect the next time you fly, as well as what the DHS and TSA are doing to prevent aviation-related terrorist attacks.
The Gulf airlines have announced that as their countries cut diplomatic ties with Qatar, they will be suspending all services to the country’s airports starting June 6th.
As of early Monday morning, an alliance of the Gulf countries including UAE, Saudi Arabia, Bahrain, and Egypt has announced that they are severing diplomatic ties with Qatar, halting all air, ground and sea routes to the country. In addition, the Maldives, Yemen and Libya have announced they are cutting diplomatic ties as well.
There is no denying that business travel is essential, in fact it yields an average $9.50 in increased revenue for every dollar invested. However, due to recent and more frequent high-profile security events around the world, many companies are taking a closer look at the issue of corporate security. Companies now realize that must know where their employees are at all times when they are traveling on their behalf.
Brussels, Paris, Istanbul, Orlando… a duty of care program is no longer “nice to have”, but a necessity in today’s current climate. There is no denying that business travel is essential, in fact it yields an average $9.50 in increased revenue for every dollar invested. But, many companies don’t think about improving their duty of care programs until an incident takes place, and by then it’s too late.