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The Importance of Business Travel

August 30, 2022 by jimmy

Take light exercise gear with you on every trip and try to schedule some exercise into your days. If you’re heading to the beautiful cities of France or the gorgeous beaches of the Canary Islands, our family travel insurance for Europe can protect you if things don’t quite go to plan. Benefits apply after the first 12 hours delay and additional benefits apply after each extra delay of 12 hours. Alternatively, you may receive up to the amount specified in your policy, if you chose to abandon your journey or cancel your holiday after a 24 hour delay. We assure you will get the best service and support from business travel experts, using only reputable resources.

  • This aligns with the fact that most work trips are less than 250 miles away from the point of origin and would, therefore, have cheaper shorter flights.
  • Too often, employees find themselves collecting expenses and receipts and submitting them in bulk for approval – whether that’s once a month or once a quarter.
  • Over half of corporate travelers having professional, managerial or technical roles agrees with the majority of travelers having bachelor degrees and an average household income of $82,000.
  • When it comes to who travels the most for work, there is no set answer.

Additionally, the on-the-go nature of the expense management process allows travellers to submit expenses on a regular, real-time basis, sparing them from hours of reconciliation every month. At Beyond thebroadmoorblog.com, we can manage all aspects of your next business trip. We incorporate all aspects of planning a business trip into one simple platform. Use Beyond Business Travel to manage sourcing, booking, negotiating, tracking travellers’ spending, expense management, data analytics, self-booking tools and visas – all bespoke to the client’s requirements. Often the best way to get around between meetings in different locations is by using the services of local taxi companies. Hailing a cab on the street isn’t always easy and sometimes it’s difficult to understand the conventions of taxis in different countries.

Seven healthy business travel tips

These trips are to motivate employees, and involve such as going on team-building weekends – which although might involve a leisure event are essentially for business purposes. Business advisers Oxford Economics discovered through research that potential customers are nearly twice as likely to sign with you if you have a face-to-face meeting. Our FLEXI fares give you convenience, simplicity and save you time when you’re travelling for business. Discover our extensive network, convenient flight times and flexible fares. A full English breakfast is a thing of wonder, but it’s not always the wisest choice as far as your health is concerned. Why not pick a business hotel in Birmingham where you can choose a healthier start to the day without bacon smells wafting at you from the breakfast buffet?

This type of cover means that your package holiday is protected if, for example, the travel company providing your holiday arrangements or the travel agent themselves fail financially or close down. Your travel agents will be able to tell you if your holiday is ABTA or ATOL protected. Whether our Single Trip or Annual business travel insurance is right for you will likely depend on how often you travel. Sorry, our business travel insurance product is currently unavailable – apologies for any inconvenience. The qualification considers how business travel has developed, explores 21st century travel management and considers how it’s evolving in an increasingly competitive and technological market.

By stepping out of the office environment you instantly broadening your options and uncovering multiple avenues of opportunity. If the travel plan is for an existing site, you need to think about where the site is, what facilities and what public transport services are available. If the travel plan is for a proposed new development, this is the opportunity to make sure that the right facilities for managing travel are included in the design of the site from the beginning.

Our customisable dashboards and real-time visibility will allow you to track and measure performance of overall costs or individual traveller behaviour. You can benefit from our local knowledge and expertise to find the best way to get around, wherever you are in the world. We can purchase train tickets or coach tickets on your behalf and make sure that they are delivered to you so that you can get to your meetings on time and without any stress. Voco Orchard Singapore launches new Thoughtful Meetings offer to entice meeting planners and events to the Lion City. A completely free, international programme offering your employees discounts of up to 10% at more than 2,600 hotels worldwide. Two key players of leadership are the ability to inspire others to have assurance in you and your company and to encourage others, even if you lack authority.

Do I need Single Trip or Annual business travel insurance?

Thanks to decades of inaction, its environmental impact is growing. If you’re likely to hit the slopes while you’re away, then we do offerWinter Sports and Ski as an optional addition to your policy. This will provide you with protection against ski-specific risks such as avalanche closures, delayed or damaged ski equipment and unused ski-pack costs. You are covered for up to your policy limits if your personal possessions are damaged, lost or stolen on your journey.

Everything you need to know on International Business Travel Statistics, Destinations, Spending & Top Business Travel Trends

With 80% of corporate travelers aiming to fit in leisure activities on a work trip, there is a market for bleisure. In 2019, business travel accounted for about 15 to 20% of air travel, or about 154 million MtCO2. But the sector experienced a huge shock with the Covid pandemic and business travel spending declined by 52% in 2020, from 1.4 trillion USD in 2019 to 694 billion USD in 2020. Although this is a good addition to take on holiday, having a travel insurance policy as well could provide you with further protection and peace of mind whilst you are abroad. Our travel insurance policies can protect you against many unforeseen eventualities. The challenges of travelling vary by traveller and can also depend on frequency and duration of travel.

Posted in: general Tagged: business, importance, travel

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