Corporate travel is slowly resuming to normal levels, after being placed on pause due to the pandemic. Between airfare, car rentals, and lodging, these expenses can easily add up, chipping away at the company’s travel budget.
With the disruption the pandemic caused throughout the hospitality and travel industries, navigating corporate travel in 2022 can be arduous and cumbersome. Existing corporate travel policies are often obsolete or do not reflect accurate information, and many companies are playing it by ear.
With COVID-19 regulations and mandates changing rapidly, navigating the worlds of business and even leisure travel is often uncharted territory. As borders continue to open, companies have a new set of standards to consider when arranging travel for their employees.
With the state of the current labor market, employee retention is a top priority for organizations of all sizes. It’s projected that a staggering 35% of employees may leave their jobs each year by 2024. According to a Gallup report, only 36% of employees are engaged at work, and of the disengaged group, “74% are either actively looking for new employment or watching for openings.”
From arranging an itinerary to navigating a new city, planning business travel for yourself or your team can be overwhelming. As an organization, there are a slew of factors to consider in order to ensure your employees are well taken care of. As a traveler, there are a plethora of perks and programs to be aware of to make your next corporate trip as hassle-free as possible.
For most, traveling while on the job is a highly sought-after perk, and the benefits of business travel are particularly unique—for your organization, your executives, and your individual team members. New opportunities present themselves on these trips as you meet new people, new connections and environments spur new ideas, and the travel itself often acts as a source of reprieve for individuals.