Business travel is back with a vengeance! As companies return to the value of in-person interactions, the way we travel for work is undergoing a transformation. Here at Catalyca, we are at the forefront of this evolution, offering cutting-edge corporate travel solutions and expense management tools to empower our businesses.
Business travel spending is projected to reach pre-pandemic levels by 2024, fueled by the undeniable value of face-to-face meetings and international business interactions. This is a significant revision of previous projections which expected a full recovery to take more time. So business travel seems to be taking off for sure. But is the flight going to be the same as before? Maybe not, especially if some of the below trends really catch on.
What is Trending in Business Travel?
1. Advent of Purposeful Business Travel
The post-pandemic times has seen increased scrutiny on the purpose of business trips. Evaluation of return on expectation, cost optimization and policy compliance of each trip has never been more in focus.
2. Personalization Reigns Supreme
Today’s business travelers crave transparency, flexibility and control. They want the ability to personalize their itineraries and prioritize what matters most to them, from flight times to accommodation options.
3. Sustainability Takes Flight
Eco-consciousness is a major concern for businesses and travelers alike. Sustainable options like carbon offset flights, eco-friendly hotels, and paperless travel processes are gaining significant traction.
4. Wellness in Spotlight
Business travel is usually about last-minute planning, red-eye flights, short trips and stiff backs. The pandemic has brought traveller wellness into sharp focus and companies are increasingly worried about traveller health and burnout.
5. Technology Leads the Way
Revolutionizing business travel. From streamlining booking processes and managing expenses to predicting disruptions, technology is optimizing costs and creating a more seamless travel experience.
As these trends evolve, travel policies and practices used by companies also need to adapt. Needless to say, tools and technology will play a pivotal role in making this transformation a reality.
How Catalyca Can Help?
TCat, the business travel solution from Catalyca, is a technology platform that can service end-to-end travel needs of businesses.
- Flexible Booking Options: TCat empowers your travelers with a wide range of choices and customization options from our unique busing travel marketplace, allowing them to create flexible and personalized itineraries.
- Competitive Pricing: The TCat business travel marketplace helps to secure the very best deals for your corporate travel.
- Travel Risk Management: TCat makes it easy for travel administrators to understand employee travel patterns. It also provides travellers with information and tools that help deliver a better and safer travel experience.