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How COVID-19 Will Affect Business Travel In the Near Future
1reports1reporting sources2022-06-29Update
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Companies need to reassess travel budgets and expense management to adapt to rising costs and changing TMC pricing models.
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6月29日
- SAP Concur BlogHow 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.