Cross-border corporate trips made a big comeback this year. According to American Express Global Business Travel, international bookings during the three months ending in September reached 67 percent of their 2019 level — surpassing the domestic recovery. That occurred even with some key markets remaining closed. What about the long term? Rana Forhoohar, a columnist…
After seven years with Egencia, $2.3 billion U.K.-based multinational events and research company Informa is targeting February to implement TripActions for workers in 28 countries. After the well-capitalized new entrant caught the eye of Informa’s travel manager of nearly 10 years, Melissa Willock, it bested four competitors in a roughly four-month bake-off involving six divisions…
We’re not all Jamie Dimon. That guy sidestepped strict quarantine rules on his trip to Hong Kong this fall because of who he is. The rest of us must jump through all kinds of hoops to cross borders. Certain obstacles that came about because of Covid will fade as the pandemic ebbs, while others outlive…
GoldSpring Consulting’s Kathy Kent and Will Tate sketch out the foundations for going global with corporate travel management companies. Global is a frequently used term to describe a corporate travel program and its travel management company support. When you hear “global” and “TMC,” what model comes to mind? Everything from every country is the same?…
In its move to two travel management companies and one global distribution system, $67 billion multinational manufacturing conglomerate Siemens focused on the traveler experience. Some corporations that establish agreements with GDS providers do so for economic reasons. “Incentives were clearly not the driver in this change,” according to an email this week from Siemens head…
Steven A. Altman is the director of the DHL Initiative on Globalization at NYU Stern’s Center for the Future of Management, where Phillip Bastian is a research scholar. Their article is republished here with permission as part of our licensing program. We welcome your comments below. Cross-border flows plummeted in 2020 as the Covid-19 pandemic…
Expanding global business travel programs to India, and in particular bringing in the operations of travel management company used in other markets, can prove challenging. As laid out by Gaurav Sundaram, president of India-based consultancy ProKonsul, a well-researched strategy, strong executive endorsement and a clear go-to-market plan can be the keys to your success. As…
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