We’re creating a more connected travel industry, underpinned by sustainability and long-term investor relations.
Would you believe that exactly 130 years ago, science fiction writer Jules Verne predicted that the “transmission of images connected by wires,” would replace overseas meetings? It´s laughable now, because he couldn´t have been more wrong.
Business travel spending is expected to reach $1.7 trillion by 2022. Despite all our technological wizardry and HD technology, we´ve never spent so much time and money crossing oceans and continents to meet our colleagues and customers in person. After all, it seems humans are still social creatures. If we´re going to do business with someone, we'd rather meet them face to face over dinner, coffee, or drinks, whenever we can.
If business travel keeps growing year after year, it’s because it yields results—both for corporations and their employees. While employers are benefiting from a return on their investment with increased sales, young professionals consider business travel a marker of status1. It seems like a win-win right?
Well, like all investments, business travel also has its costs. Ask any frequent traveler. Spending too much time on the road and in the sky can have an impact on sleep, diet, exercise and strain connections back home with family and friends. Combined, all of this can create a real pressure and stress on business travelers, which can impact results and trigger costs for employers. At it´s worse, frequent business travel can have a serious impact on employee health, and even on employee retention in the long run.
So how can corporations and employees continue to benefit from business travel, while keeping travelers healthy, happy and productive? That’s what Amadeus decided to find out with our latest research paper.
‘Business traveler well-being: How to keep your employees healthy, happy and productive when they travel for work' identifies five strategies corporations can apply to reduce stress factors caused by business travel, to improve traveler wellbeing, retain employees, attract new talent, and boost corporations´ ROI.
In short, we believe that a good travel policy is bound to make everyone happier, healthier and more productive.
1 Nearly two-Thirds of Young Professionals consider business travel a status marker, Dawit Habtermariam