International business travel is on the rise. Nearly two-thirds of international organisations have seen an increase in the number of business trips taken in the last two years and the same proportion expect the number to increase again in the next two.
Companies are sending staff on business to more locations than ever before, reflecting broader trends in globalisation and slow economic growth in many parts of the world that is forcing companies to explore new markets where returns may be higher.
As the number of trips and the locations involved increase, successfully managing these trips becomes more challenging and the need for a documented business travel policy becomes more essential.
ECA’s latest International Business Trips Survey looked at the policies of nearly 500 companies - looking at flights, accommodation, subsistence and more to establish best practice in this increasingly important aspect of global mobility.
Here are some of the key findings: