How COVID-19 Will Affect Business Travel In the Near Future
The COVID-19 pandemic has severely impacted global business travel, forcing TMCs to rethink pricing models, such as shifting from transaction fees to management fees. Travel costs are expected to rise due to supplier consolidation and health safety costs passed to consumers. Expense transparency becomes crucial, and travel budgets may be reduced.
Impact and considerations
Companies need to reassess travel budgets and expense management to adapt to rising costs and changing TMC pricing models.
Key points
- TMCs considering shift from transaction fees to management fees
- Travel costs expected to rise
- Supplier consolidation reduces supply
- Expense transparency becomes crucial
Sources and time
- Primary source
- SAP Concur
- Other sources
- 0
- First source publication
- 29 Jun 2022, 19:47
- Page published
- 16 Aug 2026, 08:23
- Last updated
- 29 Jun 2022, 19:47
- Original links
- SAP Concur Blog：How COVID-19 Will Affect Business Travel In the Near Future (opens in a new tab)Primary source · en · Published 29 Jun 2022, 19:47