Robust travel risk management policies required as corporate travel bounces back

A recent survey of more than 300 corporate travel managers in Europe and the US found that Business travel spending is expected to make a full recovery by 2024 after a torrid few years. In Europe alone, the spending volume is predicted to reach 75 percent vs. 2019 in the latter half of 2024. The only potential roadblock is inflation, which could see the corporate travel market remain 10-20 percent below pre-pandemic levels.

Despite this, the pandemic has brought the importance of employee safety into sharp focus. With the majority of employees concerned for their safety when travelling for business, it is crucial that corporations craft airtight travel risk management policies to protect them throughout their trip. Knowing their employer has accounted for their safety will allow employees to be more productive, leading to improved business outcomes.

ISO 31030 is an international risk management standard designed to guide organisations on best practice around travel risk management. Aligning your policies with the standard means businesses can feel confident they are delivering on their duty of care to employees.

GSA helps organisations assess whether their current policies comply with the ISO 31030 standard and guide them on implementing changes necessary to meet the requirements.

For more information: ISO 31030 Assessment & Audit – GS Accreditation