This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

As Global Business Travel Increases, International SOS Reveals What Concerns Security, Travel And HR Executives The Most

TREVOSE, Pa., March 19, 2013 /PRNewswire/ -- International SOS, the world's leading medical and security services provider, and Control Risks, the global business risk consultancy, recently surveyed nearly 300 security, travel and HR managers, along with others. They cited civil unrest (22 percent), opportunistic crime (18 percent), and terrorism (16 percent) as issues that are of significant concern.  Still, of those questioned, 78 percent reported that their companies had increased travel in 2012—and 59 percent expected it to increase further throughout 2013.

At the same time, businesses are expected to spend 4.6 percent more on travel than in 2012—bringing U.S. business travel spending $266.7 billion, according to the Global Business Travel Association. Both international travel and group travel are expected to rise in 2013.

"It's clear that global instability is still on the minds of those charged with the safety of their travelers and expatriates, but we're seeing that those concerns are no match for the opportunities now opening up with commercial opportunities further afield, including emerging markets and remote locations," said Tim Daniel, Group Executive Vice President for International SOS.  "We're seeing a trend that's both positive and, apparently, long-term.  There's no question businesses are allocating more money to their travel budgets."

Respondents to the survey cited the Middle East and North Africa as presenting the greatest risk to their employees (38 percent).  Thirty-one percent of respondents cited Latin America.  The responses were similar to those collected during the same period in 2012.

"Of course there are still areas in which it's a challenge to work, but businesses are savvy these days," added Daniel. "They're far better at preparing employees, keeping them connected, and ensuring their health and safety.  Technology has brought us a long way, especially with the advance of travel tracking solutions, apps, and social media."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs