Industry trends, product news, and insights – directly from our world to yours
End-to-end travel sourcing and expense management made simple
2017 forecast – the year..
07.01.2021 - Case story
In the most uncertain global environment for many decades, how will the cost of business trips develop over the next 12 months, and what else will change in the world of corporate travel? Companies have many worrying challenges lying ahead of them in 2017, but that list is unlikely to include a heavy rise in travel costs. Worldwide, American Express Global Business Travel expects only “flat to moderate increases across air, hotel and ground transportation,” according to its forecast...
World class – Take your..
06.01.2021 - Case story
It’s no longer only the mega-corporations which want to manage travel across borders. Even relatively small companies are going multinational, and that means finding a fresh approach to everything from policy to working with travel mangement companies. As businesses continue to globalise, so does the way they manage their travel. The International Monetary Fund has predicted that by 2050 only three of the world’s top ten economies will be in Western countries, so the need for compan...
Advance maths – how enco..
Your business can slash air ticket costs by 30 per cent or more through advance booking, but you need strong data analysis, careful policy management and above all excellent communications to make the savings a reality. Sometimes, managing travel can look very complicated. But the reality is that some of it is very simple indeed – and perhaps the simplest of all is that companies can make major savings by persuading their travellers to book earlier. Research by TravelpoolEurope has found...
Foreign VAT recovery – a..
Businesses can reclaim the VAT their travellers incur on foreign trip, yet many don’t bother because the process is so difficult. Now all that is changing ... Consider these statistics: Up to 5 per cent of a company’s total business travel spend is on value-added tax in foreign countries (source: KPMG). The average rate rate of reclaimable VAT for travel-related purchases on which VAT is charged in the EU is 12 per cent (source: BCD Travel). yet Businesses only recov...
You and the EU – How the..
The shock of the UK Brexit vote make this an ideal moment to ask what corporate travel has gained from the European Union and what more is needed to harmonise EU-wide travel programmes. How will the exit of the United Kingdom from the European Union affect business travel? The answer is simple: no one knows, because no one, including those who campaigned for a Leave vote in the UK’s referendum on 23 June, planned how that severance will work in practice. “Membership of the EU means...
Expense management – why..
Automated tools are speeding up reimbursement claims but companies need a broader strategy to optimise expense processes and improve the quality of reporting. Too many businesses remain stuck in the early 1990s when it comes to handling their expenses, according to a recent study by the online booking and expense management provider KDS. The study surveyed more than 1200 white-collar workers and found 48 per cent of them are still filling in passive documents such as an Excel spreadsheet to mak...
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