Mastercard releases study on future of business travel

After years of uncertainty, global business travel is making a comeback."We are at the edge of transformation for the business traveller experience. With global business travel on the rise, a simple, seamless T"

GET YOUR FREE TRAVEL & TOURISM INSIGHT REPORT PRODUCED IN ASSOCIATION WITH DELOITTE

Some key takeaways from the report include:

Business travel continues to drive essential benefits
Travel decision-makers are in agreement that curtailing travel will negatively impact revenue and employee turnover.

Rising complexity requires new processes and organisational mindset
Greater collaboration and leadership is needed across organisations amid a changing landscape.

A hybrid workforce creates new needs that require T&E process innovation
Distributed work is driving demand for more flexible end-to-end T&E processes. Travel decision makers are looking to optimise payments ecosystems with solutions including virtual cards.

Spend management is a priority
Real-time spend visibility is a top challenge and tech-driven solutions can ease this pain point. Travel decision makers are also optimistic about the further automation of compliance, spend controls and integration of payment and expense.

AI and ESG will drive different needs and expectations
Travel decision makers believe smart systems that automate T&E processes, dynamic policies and spend controls are top differentiators for the future.

For more information, visit www.mastercard.com