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."Select the service that is right for you!
COMPARE ALL SERVICESAction Alerts PLUS
TRY IT FREEJim 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
Dividend Stock Advisor
TRY IT FREENew! $49.95/yr
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
Stocks Under $10
TRY IT FREEDavid 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
Real Money
TRY IT FREE24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
Product Features:
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
Real Money Pro
TRY IT FREEAll 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 + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Options Profits
TRY IT FREEOur 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
