It’s no secret that the COVID-19 pandemic is redefining business travel. One of the changes is the increased importance on Travel Risk Management. This is reflected in studies but also in the work of the International Standards Organization (ISO), which is currently working on a new ISO 31030 (Travel Risk Management – Guidance for Organization).
TMCs and risk management companies can be a great support for the organizations. PASS provides the booking data for preventive and active risk identification.
Raise employee satisfaction, reduce costs and optimize processes: Why an online booking tool kills three birds with one stone.
My last blog post focused on business travel in the digital age. The fact is that, despite virtual technologies, face-to-face meetings are indispensable. I also demonstrated the primary objectives of travel management and highlighted the crucial role played by IT in its implementation. Here I primarily referred to the use of an online booking tool (OBT) – often used as a synonym for a travel management system (TMS), an online booking engine (OBE), internet booking engine (IBE) or a self-booking tool (SBT) – as a central management element. Continue reading
A really good end product is often the result of the perfect mix of ingredients – not only when baking a cake, but also in software development.
Software is the central ingredient of digitization. Innovative products and services are no longer conceivable without it. Competitiveness crucially depends on the ability to create software-intensive products and services quickly and with highest quality. In software development, one therefore has to face the make-or-buy decision. Continue reading
According to the GBTA BTI™ Outlook – Annual Global Report & Forecast travelers in Northern America spent $320 billion USD on business travel last year.
Business travel spending has grown at an average rate of 4.8 percent over the past four years. Western Europe and Northern America combined to make up half of the global spend in 2015 ($619 billion according to GBTA). Emerging markets struggled while key developed markets including the U.S., Germany, France and UK were steady. Continue reading
The last few months made more and more aware of an important topic for travelers – the safety while traveling. IT can be of great support here.
I do not know about you, but when I am at the station and I suddenly hear the announcement “The owner of the suitcase on track 23 is asked to return to his luggage immediately”, my pulse shoots up involuntarily. This increased need for security is confirmed by the recently published Business Travel Report of the German Business Travel Association, VDR (Verband Deutsches Reisemanagement e.V.) – and not only in the private context. Also on the company side this issue is getting more and more attention. Continue reading