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Wednesday 29 June

10 updates
Data & research
SAP Concur BlogLondon / Paris / Germany / Europe / Frankfurt / France / United Kingdom

SAP Concur Data: Last-Minute Hotel Bookings in Europe May Be Cheaper

SAP Concur's 2017 EMEA hotel data shows that the lowest median rates can be found 0-3 days before stay, but most rooms are booked 15 or more days out. Travelers are paying more by booking earlier than when prices are at their lowest. Data also shows that rates in Germany hold slightly higher than the median until 4-7 days, while the U.K. sees a 26% drop below the median in the 0-3 day window, compared with Germany's 13% drop. High-end Paris hotel prices are consistently 50% to 90% above the median. The article recommends booking within the cancellation period, signing up for hotel loyalty programs, and avoiding a one-size-fits-all approach.

Data & research
SAP Concur BlogEurope

SAP Concur: Making Business Travel Sustainable and Profitable

SAP Concur published a blog post introducing SAP's Climate 21 program, which aims to help enterprise customers understand and minimize the greenhouse gas (GHG) footprint of their operations. The article notes that business travel can account for more than half of a non-manufacturing organization's carbon footprint and provides a method for calculating travel emissions by multiplying EPA emission factors by distance traveled. It also cites the Paris Agreement goal for European countries to reduce emissions by 55% by 2030 and a survey finding that 94% of Generation Z consider a company's social purpose when deciding where to work.

Data & research
SAP Concur BlogMiddle East / Asia / North America / Europe

Edelman Trust Survey: Government Trust Surpasses Business for First Time

A SAP Concur blog post cites the Edelman Trust Barometer finding that governments became the world's most trusted institutions for the first time in 20 years, with trust rising 11 points since January to 63% and trust in government leaders up 13 points. Business and NGOs each scored 62%, while news media rose to 55%. The survey recommends business leaders fortify trust by putting employees first, clarifying mission and making leadership visible.

Data & research
SAP Concur BlogPakistan / Europe

World Environment Day: Sustainable Business Travel Choices

World Environment Day 2021 focuses on ecosystem restoration, encouraging businesses to adopt more sustainable travel policies. SAP Concur research shows 59% of European travel decision-makers don't know how to implement sustainable travel policies, yet 97% of business travelers are willing to invest extra journey time for sustainable options. Companies can drive change through carbon offsetting and alternative transport modes.

Data & research
SAP Concur BlogNorth America / Europe

Top Travel and Expense Trends of 2021

A SAP Concur blog post shares insights from K.G. Subramanyam (KGS), Global VP of Enterprise Platforms at NielsenIQ, on four key T&E trends for 2021. Trend 1: 'Safe travels' takes on new meaning, with employee well-being central, vaccine passports, health checks, and screenings becoming more common, and employers strengthening duty of care. Trend 2: Sustainability goes beyond recycling, with younger employees focusing on ESG goals and technology enabling carbon footprint transparency. Trend 3: Shift to cloud solutions, with real-time data driving decisions and AI, ML, and RPA providing data-driven analytics. Trend 4: Compliance with changing tax laws, with VAT compliance a CFO priority and e…

Data & research
SAP Concur BlogEurope

GBTA and SAP Concur Research Reveals Business Travel Booking and Duty of Care Trends

The latest European study by GBTA and SAP Concur reveals key findings on business traveler booking behavior, duty of care, and the role of technology. More than two-thirds of business travelers said they had used an OTA or booked directly with suppliers for airfares and hotel reservations; nearly half (47%) expect to use their online booking tool more often next year. On duty of care, less than half (47%) say their organization has a system to capture travel plans when booking directly with a supplier; 45% say the only way their organization knows where they traveled is through their expense claim. 82% think it's important for their organization to have visibility of their travel plans; 73%…

Data & research
SAP Concur BlogEurope

The Hidden Potential of VAT Reclaim

A survey by SAP Concur of 3,500 European business and finance leaders reveals complex challenges in VAT reclaim. 76% of companies reclaim VAT in up to 10 countries, but the pandemic has caused regulatory changes and reduced reclaimable amounts. Only 14% prioritized reclaiming outstanding VAT. The survey also found that four in ten companies process expense claims slower than before, and nearly half still rely on paper-based evidence.

Data & research
SAP Concur BlogMiddle East / Europe / Africa

SAP Concur Study: 98% of Organizations Willing to Commit Additional Funds to Sustainable Travel

A SAP Concur blog post cites an EMEA-focused study finding that 98% of organizations said they are prepared to commit additional funds to sustainable travel over and above their current travel management budget. However, one-third of corporate travel decision-makers say it is difficult to put their sustainability aspirations into practice, and 28% say they are aware of the issues but unsure how to effect change.

Policy & visas
SAP Concur BlogEurope

Planning to Visit Europe in 2023? You Might Need an ETIAS Travel Authorization

SAP Concur blog reminds that starting in 2023, non-European citizens, including Americans, will need to apply for an ETIAS travel authorization to visit Schengen Area countries. ETIAS is a visa waiver program created by the EU to enhance security. The authorization is valid for three years and allows stays of up to 90 days within any 180-day period. Application requires personal information and a fee, with most approvals in minutes. The article lists Schengen countries.