Category: Industry News

Each year we take a look at the forecasts for the coming year to see what the experts are predicting with respect to business travel.

For this forecast we reviewed the American Express Global Business Travel Forecast 2016, which makes predictions regarding air travel, hotel and ground transportation prices. Read More

A recent Ground Transportation study released this summer by the GBTA Foundation identified the most important factors business travelers consider when choosing ground transportation.

As you can imagine the 3 most important factors were:

1. vehicle safety
2. availability for a timely pickup
3. convenience of payment methods

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Corporate travel policy compliance is at an all time low. In fact, many sources report compliance at an all-time low, in the range of 55 to 60%.

The reason?

For starters, the increasing use of mobile apps and browsing, combined with younger business travelers are have a different ideas about convenience and maintaining a work-life balance rather than strict compliance with travel policy.

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More and more companies are implementing travel risk management (TRM) protocols for their employees in increasing numbers, according to a study released by the Global Business Travel Association (GBTA).

Of the 250 travel managers, security officers and human resources personnel surveyed, 83% reported their travel programs have TRM protocols in place to ensure the safety and well-being of their business travelers.

Of the ones who don’t, 60% said they are planning to adopt TRM protocols within the next two years.

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If you’ve been following the articles posted here over the past year or so you probably noticed that a number of them had to do with Uber.

And there’s a good reason for that.

At Teddy’s we have always been focused on industry safety: both for our clients specifically, and for all passengers of limos and taxis across the tri-state area in general. Which is why ANY news with respect to our industry is worth sharing with you here.

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