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SAP Concur study finds APAC Business Travellers more than ready to hit the road, but on their own terms

SAP Concur study finds APAC Business Travellers more than ready to hit the road, but on their own terms

Kanchan Nath

- November 9, 2023

60% of Asia-Pacific business travellers are very willing to travel for business, yet 92% will decline assigned trip if they don’t get their way in terms of flexibility, health and safety needs, or social and environmental concerns.        SAP® Concur®, the brand for integrated travel, expense, and invoice management solutions, unveiled new research showing that despite the prevailing economic volatility, Asia-Pacific (APAC) corporate travellers are exhibiting a greater willingness to travel for business, but not without higher expectations to prioritize safety, flexibility and sustainability. The survey, running in its fifth year, polled 1,050 business travellers in Singapore, Malaysia, China, Hong Kong, Taiwan, Japan, India, South Korea, Australia, and New Zealand in April this year.

Business travel is returning steadily, with nearly all (94%) APAC travellers asserting that the future of their career depends on successful business travel in the coming year. Three-fifths (60%) are very willing to travel for business, which is a 12% increase from the 48% who were this willing last year. The stakes are shown in the value put on travel  ̶  many (46%) believe it’s vital to maintain customer relationships.

While there is greater inclination to travel, the vast majority (93%) of APAC business travellers expect flexibility to book travel outside of company policy when policy conflicts with their needs or values.

Flexible arrangement includes employers allowing staff to book travel that falls outside of company policy to help facilitate a healthy work-life balance (53%), and a rising priority – to book more sustainable travel options (40%).

These expectations show that for business travellers, it isn’t just about value; it’s about values. Two-fifths of APAC business travellers (40%) expect their company to allow them to make travel choices outside of company policy to book more sustainable travel options.

90% of travellers said they will take extra steps over the next 12 months to reduce the environmental impact of their business travel. Nearly a quarter (24%) would directly decline a business trip if they had concerns about the environmental impact of the travel.

Companies may need to swiftly make adjustments to accommodate such employee sentiments, otherwise their business and financial operations may be compromised.  Already, the survey had found that many travellers were going outside their company’s purview to book business travel, thus hampering their employer’s visibility into travel spend.

Half of APAC business travellers (50%) book their travel directly using an airline, hotel or car rental company’s website or app, while slightly fewer use their company’s travel agency or department (41%). Many change or cancel flights using a direct approach too – 41% typically use the airline’s website or app, and 19% call the airline directly.

This behaviour of taking matters into their own hands may gather momentum if employees’ expectations for greater control over the nitty gritty of their trips remain unmet. Already, more than a third of APAC business travellers (34%) said they would decline a business trip that does not give them the flexibility to make adjustments outside of company policy.

Employers must take steps to maintain spend visibility and control
Despite the clear advantages and opportunities afforded by corporate travel, 93% of APAC business travelers perceive threats to their business travel today.

Nearly nine in 10 APAC business travelers (89%) said their business travels are already being affected, with the most common impact being reduced travel budgets (42%). Many have also seen policy changes that impact the comfort and pleasure of their business travel, including employers requiring travelers to stay in lower quality accommodations and/or less safe areas (34%), and taking cheaper flights even if it means layovers, indirect routes or alternative airports (32%).

“As companies seek to balance corporate budget restrictions with the re-opening of business travel post-pandemic, it’s imperative they recognize the experience of business travelers and seek solutions that can help meet traveler expectations within the capacity of corporate travel programs and budgets,” said Charlie Sultan, President, Concur Travel, SAP Concur. “Tools, policies and practices to maintain spend visibility and control, meet compliance, and deliver employee duty of care obligations must be top of mind.”

 

 

 

 

May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

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SAP Concur study finds APAC Business Travellers more than ready to hit the road, but on their own terms

Kanchan Nath

- November 9, 2023

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May we all strive to emulate her virtues and remember that true wealth lies in the depth of our character, the sincerity of our actions, and the impact we have on those around us.”

Stay riveted for our next gala event, The Brand Travel Daily Media Travel Excellence Awards that recognizes and celebrates the outstanding achievements of companies and individuals in the travel, airline, and hospitality industry. They are scheduled to take place in 11 October, 2024

For inquires, to attend or sponsor next awards, kindly email here: Gary@traveldailymedia.com

If you know of any female leaders or up and coming superstars in the Travel and Hospitality industry you would like to nominate, please visit our page and complete a nomination form!
The prestigious IWTA Awards 2024 Award Winners are listed below:

content studio box

…there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign.

We can also organise a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

x Studio

Connect with your clients by working with our in-house brand studio, using our expertise and media reach to help you create and craft your message in video and podcast, native content and whitepapers, webinars and event formats