Tag: Travel Management Company (TMC)

Business as usual has been flipped on its head in 2020. What was for many companies second nature, sending employees across country and continent to meet with clients and colleagues, sign new business and share knowledge has become a more measured and complex exercise.

If you’ve ever felt stressed or anxious about business travels, know that you are not alone. In fact, experts have come up with a new term to describe this very common phenomenon. It’s called 'Permanxiety'. Coined in 2017 by global travel industry platform Skift, permanxiety refers to a permanent state of anxiety widely experienced across the world.

With economic growth considered the main driver of corporate travel, emerging economies such as South Africa are increasingly adding to the international pool of business travellers. Predicting positive growth in 2020, analysts say there is good news for South African SMEs, whose bargaining power they see rising with the market’s size and spend.

Is your company still relying on Excel worksheets or – dare we say it - using pen and paper to calculate travel expenses? If so, you’re not alone. According Certify, a US-based travel and expense company, 49% of companies today are still using manual systems for their expense reporting.

The key to managing your business travel properly is knowing when to use technology and when to partner with a travel management company. There is a misconception in the market place amongst most SME businesses in South Africa when it comes to booking their business travels. The perception is that if you do it yourself, it will be quicker and cheaper.