#corporate incentive overseas trips

[b-causesumaya]

Hiring HR Specialist

*Urgent Recruitment* Company Name: b-cause Inc. Position: HR Specialist  (Japan) Department: Human Resources Department

Educational Requirements:

Bachelor’s (Major HRM)/Master’s (Major HRM)

Responsibilities:

Provide HR & Administrative support as needed

Responsible for recruitment support in each department for the area of ​​the Japanese branch and overseas

Manage Local and Foreign office as needed

Utilization of SNS (FB, Twitter, etc.), job posting of new projects

Draft formal reports, letters as per the Instruction of the Head office

Performs other reasonable and relevant activities and functions as requested and required

Should have the mentality to play multiple role according to management decision

Basic business development tasks

Requirements:

Candidate nationality must in Japan

At least 25 to 30 years old

Minimum 2 to 5 years of working experience in Japanese companies, familiar with Japanese society and corporate culture

Experienced in global companies and diverse business formats preferred

Must have good computer skills (MS Excel and Word)

Japanese language Business level N1 above

Only those who live in Japan or who can come to Japan

Must have professional efficiency in English (Excellent communication skill)

Knowledge about international email sending and reporting concept

Knowledge on office Administration, HR affairs.

High level of professional integrity and intellectual

Basic idea in sales and marketing

Other benefits:1. Full weekly five-day system (Mon- Fri) 2. Full social insurance 3. Cooperative and learning environment 4. Insurance/tax 5. English study system 6. Incentive travel 7. Various in-house events (scheduled to be held after the corona convergence)

Additional:

January / New Year party

May / BBQ competition with translators

August / Two days and one night camp for employee training

November / Company trip

December / Year-end party

Salary:-Negotiable

Job Location: Tokyo shinjuku-ku

Job Type: Full time If you are confident and fulfill all requirements, please send your CV to, bcause.bd002@gmail.com With the Subject line: (HR Coordinator Japan ) with expected salary

[gauricmi]

The Israel Meetings, Incentives, Conferences and Exhibitions Market is driven by Inbound tourism

The Israel meetings, incentives, conferences and exhibitions (MICE) industry encompasses services such as corporate events, trade shows, conferences, exhibitions and incentive travel programs. This industry helps businesses facilitate meetings and events to promote their products and services. The MICE industry plays a vital role in Israel's economy by attracting domestic and international visitors. Israel offers incredible tourist destinations like Jerusalem, Tel Aviv, Masada, Dead Sea and many others. This makes the country an attractive MICE destination. Rising economic growth and increasing investments in technology and innovation sectors are encouraging businesses to hold events in Israel.

The Israel meetings, incentives, conferences and exhibitions (MICE) industry encompasses services such as corporate events, trade shows, conferences, exhibitions and incentive travel programs. This industry helps businesses facilitate meetings and events to promote their products and services. The MICE industry plays a vital role in Israel's economy by attracting domestic and international visitors. Israel offers incredible tourist destinations like Jerusalem, Tel Aviv, Masada, Dead Sea and many others. This makes the country an attractive MICE destination. Rising economic growth and increasing investments in technology and innovation sectors are encouraging businesses to hold events in Israel.

The Global Israel meetings, incentives, conferences and exhibitions market is estimated to be valued at US$ 2.22 Bn  in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period from 2024 to 2030. Key Takeaways Key players: Key players operating in Global Israel Meetings, Incentives, Conferences and Exhibitions Market Growth are Stryker Corporation, SATELEC (Actongroup), Surgiform Innovative Surgical Products, Allergan (Abbvie), Luminera, Implantech, Koken, ANTHONY PRODUCTS INC., NOUVAG, Sihuan Pharmaceutical Holdings Group Ltd., and Other prominent players. These players are focusing on expanding their presence by tapping into the country's growing MICE potential. Growing demand: Rapid economic growth, rising investments in technology hubs, growing tourism and cultural activities are fueling the demand for MICE events and services in Israel. International companies are increasingly organizing meetings and conferences in Israel to explore business opportunities. This is positively impacting the growth of the MICE industry. Global expansion: Major Israeli MICE players are expanding their global footprint by entering into partnerships with international convention centers and hotels. They are promoting Israel as a world-class MICE destination overseas. This overseas marketing is helping attract global MICE events and delegations to Israel, thereby facilitating the industry's global expansion. Market drivers Inbound tourism is a key driver for Israel's MICE industry. With its rich historical and religious sites, Israel receives around 4.5 million international tourist arrivals annually. Most of these international visitors come for leisure or religious purposes like pilgrimages. However, a portion also ends up participating in MICE events and activities. As inbound tourism continues growing, fueled by aggressive marketing campaigns, it is positively impacting the growth of MICE industry in Israel. Geopolitical Situation and its Impact on the Israel MICE Market Growth The Israel MICE market has been witnessing steady growth over the past few years. However, the ongoing geopolitical tensions in the region are posing challenges. Due to the periodic conflicts between Israel and neighboring countries like Palestine and Lebanon, tourism and business travel takes a hit. Political instability, security concerns and travel advisories deter foreign participation in conferences, exhibitions and incentive trips. This directly impacts the revenues and growth of the Israel MICE industry.

Get More Insights On This Topic: Israel Meetings, Incentives, Conferences And Exhibitions Market

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[internationalrealestatenews]

[ad_1] Exploring Mexico's Booming Trip Residence Market Mexico's trip house market has been thriving in recent times, attracting each home and worldwide patrons. With its beautiful seashores, vibrant tradition, and reasonably priced costs, Mexico provides a plethora of alternatives for these trying to spend money on a second house or trip property. One of many key causes behind the booming trip house market in Mexico is the nation's intensive shoreline, dotted with picturesque seashores and charming coastal cities. Locations comparable to Cancun, Puerto Vallarta, Los Cabos, and Riviera Maya have turn out to be extremely fashionable amongst vacationers and actual property buyers. These areas not solely boast lovely seashores but additionally supply a variety of actions, from water sports activities to exploring historic ruins, making them ideally suited trip spots. One other issue that contributes to the recognition of Mexico's trip house market is its affordability in comparison with different fashionable locations. The price of residing in Mexico is comparatively low, permitting patrons to get extra for his or her cash. The favorable alternate charge additionally implies that worldwide patrons can discover wonderful worth for his or her funding. Moreover, property taxes and upkeep prices in Mexico are significantly decrease than in lots of different international locations, making it a horny choice for these looking for an economical vacation house. Moreover, Mexico's actual property market has skilled regular progress over the previous decade. The rise in tourism has led to an increase in demand for each short-term leases and long-term leases, giving property house owners the chance to generate revenue from their trip properties. Corporations comparable to Airbnb and VRBO have made it simpler than ever for owners to hire out their properties to vacationers, guaranteeing a excessive occupancy charge and important return on funding. The Mexican authorities has performed a vital function in selling the holiday house market by introducing varied packages and incentives to draw overseas patrons. Lately, Mexico has carried out initiatives to simplify the method of buying property for non-Mexican nationals, together with the introduction of a "Fideicomiso" or financial institution belief, which permits foreigners to personal property throughout the restricted zone (inside 50 km of the shoreline or 100 km of the border). Nevertheless, like all funding, there are dangers related to shopping for a trip house in Mexico. It's important for patrons to conduct thorough analysis and search skilled recommendation to navigate the authorized, tax, and financial elements of buying property out of the country. Working with a good actual property agent who focuses on trip properties will help patrons make knowledgeable selections and keep away from potential pitfalls. In conclusion, Mexico's booming trip house market is a results of its beautiful coastal locations, reasonably priced costs, favorable alternate charge, and authorities incentives. With cautious planning and due diligence, investing in a trip house in Mexico can supply a beneficial alternative for each private enjoyment and monetary features. Whether or not you are in search of a calming beachfront getaway or a vibrant cultural expertise, Mexico provides one thing for everybody in its thriving trip house market. [ad_2]

[ulteriorevents-blog]

Few Most Wonderful Selfies:- We work hard, but we love what we do. A busy few months comes to an end and we look back on some wonderful events, extraordinary places, new friends made and most of all a small bunch of us that make up a great team who all get on well, work hard for each other, support each other and have a fair few laughs along the way. Doing this job is great but doing it with people you like and respect is something special.

[businessdevelopmentvietnam]

Business & Economics

Those companies embody coal gasification, geothermal exploration, and smelting of ores similar to nickel and copper. All PT PMA corporations must acquire the Principal Licence earlier than it could possibly begin operations. Subsequently, the corporate should obtain the Business Licence or different exercise-specific licences before it could commence revenue-generating activities.

Most generally generally known as KITAS by the native, this work visa is familiar to expats who are working and doing enterprise in Indonesia on a full-time foundation with Indonesian residence. KITAS allows its holder to reside in Indonesia for up to 5 years, and has to be renewed annually. With a much clearer and more clear Indonesian visa system, many foreigners are nonetheless confused between a piece visa and enterprise visa in Indonesia. There are several kinds of visa to work and do business development Vietnam based mostly on applicant’s intended use.

As a end result, it's extremely really helpful so that you can understand the type of visa that is appropriate for you based on your wants and necessities. Indonesia's economy contracted for the first time in more than two decades last year as household consumption slumped and companies delayed investment as a result of coronavirus pandemic. Singapore has traditionally been the biggest foreign investor in Indonesia.

It is required for the company to be managed by a Board of Directors, which in flip ought to be supervised by a Board of Commissioners. Many overseas traders coming into the Indonesian market at an early stage often select to arrange an Agency Agreement or a Representative Office. However, as soon as the enterprise starts to develop they may apply for Foreign Direct Investment Company status. This section discusses the incorporation of a foreign funding restricted liability company in Indonesia, often known as Perseroan Terbatas Penanaman Modal Asing . 

An overview of the authorized system; international funding, including restrictions, forex laws and incentives; and business autos and their relevant restrictions and liabilities. The Doing Business project offers goal measures of business laws and their enforcement. Looking at domestic small and medium-dimension corporations and measures the regulations applying to them by way of their life cycle.

In this regard, ESG and SBF have led mission trips and launched Singapore companies to regional governments in Indonesia to share our corporations’ competencies and focus on potential areas of collaboration. You must submit a copy of your Employment Pass, Blue IC, Work Permit or "PR". Applicants who've been issued with a new Singapore Work Pass which shows a QR code should provide a printout the expiry standing through accessing the Ministry of Manpower 's SGWorkPass app. This print out must present the current date and confirm that the work move is valid. 

Applicants who wish to remain in Indonesia for greater than 30 days, or usually are not arriving and departing Indonesia from any of the Airports and Seaports listed above, should apply for a Tourist Visa. Single-entry and Multiple-entry visa candidates who provide a telex approval from the Indonesian Government, must supply an authorisation letter from the Indonesian workplace.

You must additionally retain your earlier cell gadget with the TraceTogether app up to 14 days after departure from Singapore. This is as a result of the TraceTogether app information saved in your earlier cellular gadget also needs to be retained for that duration, as set out within the RGL Terms and Conditions. Yes, all travellers to Singapore must download and activate the TraceTogether app. They should stay isolated on the accommodation until the test result is confirmed to be adverse.

Once the RPTKA is approved, a piece allow and limited keep permit are issued. This requires cost of an annual Skill and Development Fund fee amounting to USD 1,200 per foreigner. If a RGL returnee subsequently exams constructive for COVID-19 within 14 days after leaving Singapore, he/she might be required to addContent his/her TraceTogether app data through the TraceTogether app, utilizing an addContent code provided by MOH. 

If the traveller had used the TraceTogether app on a cellphone that was provided by the host/sponsor, the host/sponsor will be required to upload the TraceTogether app knowledge via the identical course of. Travellers must retain the TraceTogether app with the information on their cell units for 14 consecutive days after departing from Singapore.

The tourism minister said the Indonesian authorities also plans to launch an utility that can not only hint however observe the motion of tourists. Corporate Secretary tracks adjustments in your organization’s construction and top administration, compiles papers and reports to the government about your small business. No, travellers ought to seek help from their Host to make the purchases on their behalf to limit the contact with the area people. Any deviation from controlled itinerary could result in the cancellation of Visit Pass.

Indonesia’s stated coverage is to take care of its national GAAP and steadily converge it with IFRS. As of 1 January 2017, Indonesia has converged to IFRS applicable as of 1 January 2016 . All public listed firms, state owned firms, firms handling public money and corporations having a turnover above IDR 50 billion (USD three.eight million), should have their accounts audited by a registered Indonesian CPA. 

For some industrial activities that include tourism and mining, having an Indonesian associate is compulsory with the proportion of equity required various across the completely different fields of exercise. Gain a greater understanding of Indonesia’s business surroundings and structure by reading via this guide.

Thailand has managed to realize zero native instances for over 20 days and is considering allowing inbound journey for enterprise visitors. Income tax is applied to resident companies and people on most sources of increase in financial wealth. Income tax is collected both directly and at source through a wide range of withholding taxes. Individuals who're residents in Indonesia for greater than 183 days in any 12-month period or who intend to settle in Indonesia are taxed on their worldwide revenue and are usually allowed a credit for taxes paid overseas. The government of Indonesia opens international funding opportunities to an extended record of industries, some of which can require local equity partnership or different circumstances.

You must also take observe that Indonesia has just lately handed a new Law No. 6 in 2011 on immigration and international agreement, with extra visa options out there. In this text, we'll provide some insights to allow you to resolve which visa kind might be your best match. Limited Liability Company is the most commonly used type of business relevant in Indonesia. 

Passive partner, is the associate who only invest funds to the active companion and never contain within the business of the corporate. Passive associate is responsible to the risks to the extent of the capital invested. Firms , regulated under Commercial Code, Firm is a partnership to carry out enterprise by two or extra folks with joint name.

Alternatively, some venues permit you to complete SafeEntry by presenting your passport as identification. A traveller who doesn't have a TraceTogether-appropriate system must secure in advance the rental of a TraceTogether-suitable gadget prior to arrival. For extra information on the rental of Trace-Together appropriate gadgets, please visit the Changi Recommendation website here. 

Please be sure that you retain your cell system’s Bluetooth operate turned on so that the TraceTogether app stays activated throughout your stay in Singapore. If you change your SIM card however are nonetheless using the same cellular device, you'll not have to obtain the TraceTogether app again.

The TraceTogether app supports nationwide efforts to fight COVID-19 by enabling group-pushed contact tracing. It facilitates the contact tracing course of by exchanging Bluetooth signals with close by cellular units running the same app.

In somewhat greater than 20 years, Indonesia has gone from being a minor player within the international coal industry to playing a central role as a key consumer and producer of coal. And at the same time as traders and key export markets are shifting towards alternative energy sources, Indonesia’s legal guidelines are more and more tying future economic growth to the fossil gasoline. 

In the realm of infrastructure, there is additionally a growing demand throughout Indonesia in areas similar to transportation, utilities and sanitation. In addition, the rise of know-how opens up alternatives for sensible city options similar to the event of e-authorities platforms, clever transportation and sensible street lighting.

[blogglobalsim-blog]

Thailand Travel Packages, Bangkok Tour Package, Taiwan Tour Package, Japan Vacation Packages Singapore , Team building activities, Team building activities for work, Corporate Team Building Activities, Company Incentive Trip, Company retreat, Overseas retreat, Corporate Team Building, One Day Batam Tour, Batam Tour Package Singapore, Batam Beach Resort

[incentivetrip1-blog]

Yes Travel - Specialized MICE Travel Agency organizing company trip & incentive trip etc in Malaysia

Yes Travel is a specialized MICE Travel Agency in Kuala Lumpur, Malaysia. We provide various travel arrangement such as company trip, incentive trip, overseas meeting, factory visit, business travel, team building & many more. We have over 10 years of experience and served over 100s of corporate clients. Yes Travel & Holidays Block 6-2-3 Jalan Shelly, Queens Avenue, Cheras, 55100 Kuala Lumpur. +603-92056443 https://yestravel.com.my Facebook Instagram Youtube

[georgejstoneking-blog]

What Travel Agents Need to Know About Corporate Travel Today

This is rightly named as the age of traveler-centricity and with the evolution of the new era of personalized travel; it is leading to research and development of a host of new so-called intelligent services. http://www.travelfornewcouples.com The command-and-control perspectives of traveling have changed a lot from the past and the focus has shifted more on the traveler and the productivity of each trip. It has become essential to maintain that the travelers have the greatest return on investment on each trip. New generations of young employees and managers, who have been growing up and dwelling in a digital age, are moving up the ranks as travelers. It has become essential to recognize the need for greater flexibility acknowledging that the employees who travel on corporate trips also consider a percentage of their trip to be a leisure outlet. With increasing globalization and rise in companies sending their staff overseas to network and connect with their offshore prospects/customers/suppliers, corporate travel is a highly profitable tourism segment. Before we talk about how tourism companies can better cater to business travelers, let us first look at why they prefer to use specialized corporate agencies over traditional agents

Why do businesses use Corporate Travel Agencies?

This might be the most basic question for a travel agency as to why they need to use agencies specializing in corporate travel when there are plenty of regular travel agents in the market. Here is the importance of corporate travel agencies who have online systems which allow business travelers access to their complete itinerary.

The following information is at the fingertips of the CTAs:-

full business itinerary details

up-to-date tracking details of flights (including delays or rescheduling)

transparent details about additional costs such as baggage fees or in-flight fees

travel alerts, if any, in the destined area

complete and up-to-date details about the visa procurement policies and identification required

currency requirement and conversion rates

What do corporate clients expect from Corporate Travel Agencies?

Negotiated Fares

The Corporate Agencies tend to have tie-ups with hotels, car rentals, flights etc. giving them access to lower fares which can be used only by the frequent business travelers. Discounted prices are not the only advantage though as they also offer flight upgrades, room upgrades, and VIP check-in lines as required.

In-depth information about the travel industry

Corporate travel agents have access to many travel resources and most importantly, quickly, than any other leisure travel agent. Additional information helps to make the business trips convenient and comfortable.

Changes in Itinerary

When an airline ticket needs to get rescheduled or cancelled, chances are the airline or the online service provider will charge lofty fees. When booking with a corporate travel agent, most of the times schedule changes can be done at zero or minimal extra charges.

Viable emergency contacts

It is important for the business travelers to reach the correct person at the need of trouble. Corporate travel agents have the experience and professionalism to relieve stress for both the traveler and the company.

What you need to consider as corporate travel increases?

Business Travel Barometer reported that corporate travel is witnessing an accelerated growth. However, when poorly managed, it may be no longer an advantage to companies and may, in fact become a burden. There are some factors which the corporations and CTAs must consider to get the best out of the time spent traveling.

Adopting a travel policy

The corporate must define a travel policy which is applicable to and respected by travelers at all levels. This policy should be used to establish the standards which will help to track the improvement of business travel. It will eventually help to reduce the costs of the entire package.

Do not limit the traveler's autonomy

The management is responsible for budgeting the travel policy which helps to improve cost management however, it is also essential to give a degree of autonomy to the traveler. The policy should be flexible enough to allow the employee to adapt the trip as per the situation.

Traveler's security should be a major concern

Business travelers need to have security in place. The company needs to stick to its definition of standards to ensure the employee's integrity. The CTAs should have reliable partners (travel insurance, airlines, hotel chains etc.).

Mobility and automation

To optimize time and ease the processes, the administration of management platforms should have automated processes. This means they should adopt mobile solutions where search options, travel alerts, ticket reservations etc. can be accessed quickly, easily and on the go.

Corporate Travel Trends in 2016

Corporate travel trends tend to change regularly. 2016 has also not been any different and the travel management companies (TMCs) and corporate travel agencies (CTAs) are quite focused to provide steady if not strong axis all over. A growing MICE sector, investments in mobile and big data and enhanced focus on duty of care are some of their areas of focus.

Rising prices

The consolidated buzzword among global suppliers, airfares, hotel rates etc. is the rising fares. It is sometimes the move of the suppliers to generate discounts which encourage travel if there is a strong decline in demand. A positive 2016 world economy has been bringing an increase in air fares of a few percentage points, hotels are expected to see 4%-6% rise in average global rates and the competition will remain moderate in the car rental services.

Duty of care

Risk management is one of the major points of emphasis for corporations. Corporate customers are allowing new policies and improved technologies to monitor employees' location in case of an emergency, especially when they are travelling to foreign destinations. For instance, Concur Risk Messaging helps to identify the travelers moving around in the world and alerts them with alternate travel arrangement as and when needed.

Focusing on MICE

Meetings industry is a major growing sector and the corporate travel trend is developing on it. The corporate travel agencies should better start aligning the various meeting procurement methodologies with its transient travel sourcing. One of the ways could be to broaden the variety of meeting services by incorporating incentive trips within it.

Investing in technology

A sharper focus on increasing value and becoming more traveler-centric can be done by bringing in mobile friendly technologies. Mobile and big data are definitely the two most significant technological investments which any corporate travel agency must focus to make their platform more appealing.

Business travel analysis after Brexit

Following Brexit, ACTE and CAPA shared their speculations. According to them, the greatest short-term effects on the travel industry will come from the weakening of the pound against other world currencies. Greeley Koch, executive director for the Association of Corporate Travel Executives said that the business travel industry will trend on currency fluctuations; with some companies taking advantage of the weaker pound and traveling more, while others may withhold business travel until world markets find their own level.

Impact of terrorism on corporate travelers

Travel policy makers and administrators need to be guided by rising terrorism scare. For executives and staff undertaking travel on behalf of businesses, the travel agents and corporate travel agencies (CTAs) should prove the reassurance for their safety through the travel policies. It is more than likely that the surveys conducted over corporate travelers reflect the general concern of the global business travelers about the spate of terrorism. However, there is no denying the fact that terrorist threat is changing the patterns of business travel. The key impact of this is to keep in mind that the companies providing travel services for business travelers need to enhance their focus on security and the associated risks in delivering the services to corporate clients. According to a recent finding, travel managers have higher estimation of their policy's effectiveness in addressing risk compared to skeptical business travelers.

[internationalrealestatenews]

[ad_1] Exploring Mexico's Booming Trip Residence Market Mexico's trip house market has been thriving in recent times, attracting each home and worldwide patrons. With its beautiful seashores, vibrant tradition, and reasonably priced costs, Mexico provides a plethora of alternatives for these trying to spend money on a second house or trip property. One of many key causes behind the booming trip house market in Mexico is the nation's intensive shoreline, dotted with picturesque seashores and charming coastal cities. Locations comparable to Cancun, Puerto Vallarta, Los Cabos, and Riviera Maya have turn out to be extremely fashionable amongst vacationers and actual property buyers. These areas not solely boast lovely seashores but additionally supply a variety of actions, from water sports activities to exploring historic ruins, making them ideally suited trip spots. One other issue that contributes to the recognition of Mexico's trip house market is its affordability in comparison with different fashionable locations. The price of residing in Mexico is comparatively low, permitting patrons to get extra for his or her cash. The favorable alternate charge additionally implies that worldwide patrons can discover wonderful worth for his or her funding. Moreover, property taxes and upkeep prices in Mexico are significantly decrease than in lots of different international locations, making it a horny choice for these looking for an economical vacation house. Moreover, Mexico's actual property market has skilled regular progress over the previous decade. The rise in tourism has led to an increase in demand for each short-term leases and long-term leases, giving property house owners the chance to generate revenue from their trip properties. Corporations comparable to Airbnb and VRBO have made it simpler than ever for owners to hire out their properties to vacationers, guaranteeing a excessive occupancy charge and important return on funding. The Mexican authorities has performed a vital function in selling the holiday house market by introducing varied packages and incentives to draw overseas patrons. Lately, Mexico has carried out initiatives to simplify the method of buying property for non-Mexican nationals, together with the introduction of a "Fideicomiso" or financial institution belief, which permits foreigners to personal property throughout the restricted zone (inside 50 km of the shoreline or 100 km of the border). Nevertheless, like all funding, there are dangers related to shopping for a trip house in Mexico. It's important for patrons to conduct thorough analysis and search skilled recommendation to navigate the authorized, tax, and financial elements of buying property out of the country. Working with a good actual property agent who focuses on trip properties will help patrons make knowledgeable selections and keep away from potential pitfalls. In conclusion, Mexico's booming trip house market is a results of its beautiful coastal locations, reasonably priced costs, favorable alternate charge, and authorities incentives. With cautious planning and due diligence, investing in a trip house in Mexico can supply a beneficial alternative for each private enjoyment and monetary features. Whether or not you are in search of a calming beachfront getaway or a vibrant cultural expertise, Mexico provides one thing for everybody in its thriving trip house market. [ad_2]

[newyorkprelawland-blog]

The Morality Of Vaccine Intellectual Property Rights

By Nibras Islam, Binghamton University Class of 2022

September 24, 2021

The Coronavirus Pandemic has been nothing but acclimating to rough times and putting a brave face on amidst turmoil. We have come to a point where our very own public health has deemed it necessary to incentivize with materialistic gestures. Our health system has become quite politicized and full of propaganda, regardless of which side of the spectrum you lie on. Yet, from a global perspective and standpoint, only about 30% of the total population has been fully vaccinated. COVAX, an international nonprofit vaccine distributor who was founded on the principles of equitable and fair access to COVID-19 vaccines for all, has pledged to deliver an additional 2 billion doses to developing nations by the end of the year. However, many international manufacturers have consistently failed to meet their production targets, despite their promises to deliver 10 billion doses by the end of 2021. At the current vaccination rate, it would take years to achieve true global immunity.With the emergence of the fast moving delta variant, it is quite crucial that vaccines get to the high risk third world countries and areas prone to disease and health risk due to their lower socioeconomic capabilities. While Americans may see some sparks of light at the end of the tunnel, the pandemic’s fury rages on in other parts of the world.

One may not even think that this would be a consideration given times of a global pandemic, but the costs of manufacturing and producing a vaccine, especially one that is relatively new, in a mass production type capacity, is quite costly. Just to build a new vaccine manufacturing facility could cost upwards of $700 million, takes many months and even years to build, and requires about 4-6 months before they can start production. Not to mention, the manufacturing process of the vaccine is also a highly coveted and safely guarded intellectual property, respective to each manufacturer. The pandemic putting countries in dire need of medicinal help puts them in a direct clash against big pharmaceutical companies. Without the rights to produce vaccines, there are only a handful of designated companies and facilities that are entitled to produce doses.

To combat these shortages amongst need, India and South Africa have submitted a proposal to the World Trade Organization (WTO) regarding the proposal to suspend intellectual property rights for pharmaceutical companies, and allowing more corporations to be eligible to produce the vaccine. They made their proposal citing at issue the 1995 Trade-Related Aspects of Intellectual Property Rights clause (TRIPS), that all 164 members of the WTO had to oblige by. Their argument was that in the height of a pandemic, the need for governments to waive intellectual property rights is dire, on the grounds that not doing so would mean failing to proactively take action against preventable deaths, increased deaths amongst developing and low income countries, and increased rate of spread of virus variants.  The waiver would allow for countries to produce, as well as importing/exporting vaccines locally, instead of being reliant on producer shipments and subject to intellectual property restrictions.The WTO has not made a decision regarding the waiver, but over 100 countries have pledged their support. On May 5th, the Biden administration and Trade Representative Katherine Tai stated their public support for the suspension, which drew many pharmaceutical executives to condemn the White House’s statement.

While from a humanitarian standpoint the argument to waive IP rights seems to be the only morally correct decision, some critics argue that the decision is not as open and shut as some have made it out to be. Vaccines are already surprisingly cheap, and many companies are offering it for little to no cost to lower socioeconomic status countries. If the WTO were to waive these IP rights, these vaccines could actually end up costing even more. Vaccine production requires certain raw materials, and if just about any distributor was allowed to produce their own vaccines, the prices for these raw materials would surely suffer shortage and high price hikes. Furthermore, the costs of establishing vaccine facilities have a heavy cash requirement upfront, and production costs would be substantially higher than the original manufacturers who have long established the capacities for mass production. Others argue that while the intellectual property transfer could have profound effects, it does no good if the countries receiving the intel are not prepared with the technology to produce. The cutting-edge Pfizer and Moderna vaccines operate using underlying mRNA technologies and machines that many overseas countries simply do not have the capacities to emulate, as it is quite challenging without any instruction on using the complex and new technologies. There is also the age-old argument that allowing for governments to use their authority and enforce jurisdiction over big pharmaceutical companies would deter them from future innovations if their intellectual property benefits and incentives are at jeopardy.

While intellectual property concerns regarding the vaccine may be a cause of conflict between governments and big pharma, one thing for certain is that in a global pandemic, the only way to proceed is by global cooperation and efforts. Countless people are dying on a daily basis, and yet in our country we have the luxury of politicizing and choosing not to take a vaccine available to us that many foreigners do not have access to. The validity of intellectual property rights of vaccines from an international standpoint has yet to be ascertained, but the balance between profits of big corporations and the fate of humanity reside in a delicate balance.

______________________________________________________________

https://www.statnews.com/2021/08/18/waiving-intellectual-property-rights-compromise-global-vaccination-efforts/

https://www.bmj.com/content/374/bmj.n1837

https://www.brookings.edu/blog/up-front/2021/06/03/why-intellectual-property-and-pandemics-dont-mix/

https://thehill.com/opinion/healthcare/553368-waiving-patents-isnt-enough-we-need-technology-transfer-to-defeat-covid?rl=1

https://www.gavi.org/vaccineswork/intellectual-property-and-covid-19-vaccines

[ulteriorevents-blog]

Incentive Trips By Ulterior Events by Ulterior Events Via Flickr:

[rishabhcmipressreleases]

MEETINGS, INCENTIVES, CONFERENCES, AND EXHIBITIONS (MICE) MARKET ANALYSIS (2020-2027)

MICE stands for meetings, incentives, conferences, and exhibitions. Corporate companies hold meetings, conferences, exhibitions every year. There are various personnel and groups that are involved in MICE market such as event planners, meetings and conferences planners, managers and convention department of hotels, function or conference venues, hospitality businesses, and logistic firms. When an employee shows extra ordinary performance or achieves the required target then he or she is awarded in the form of an incentive such as overseas trips or domestic trips.    

Increase in business activities and customized services to clients are driving growth of the Meetings, Incentives, Conferences, and Exhibition (MICE) market

Rising number of corporate industries across the globe has led to high frequency of business activities such as client meetings and brand promotions worldwide. Therefore, increase in number of meetings and conferences of multinational companies across the globe is a major factor expected to aid in growth of the MICE market size. For instance, according to The Tourism of Government of India, the number of business events in India in MICE industry were 3,310 in 2017 and it is increasing rapidly. Corporate companies spend on meetings, conference, incentive trips, and exhibitions every year. MICE companies are providing customized services at lower rates to corporate clients. MICE companies are single point-of-contact for all business activities of corporate clients. Therefore, this is driving growth of the MICE market.  As MICE market is still emerging, companies operating in this market could focus on the number of untapped corporate clients, government bodies, and private groups.

Virtual meetings apps are restraining growth of the Meetings, Incentives, Conferences and Exhibition (MICE) market

Corporates use apps such as Skype for virtual meetings. Virtual meetings enable employees to attend meetings at anyplace, anywhere, and at any given time. Virtual meetings are cost effective than destination meetings. Therefore, increasing use of virtual meeting apps could negatively affect growth of the MICE market.

Regional analysis of MICE market

On the basis of region, the global MICE market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. In 2018, Europe was the dominant region in the MICE market with 38% market share and is expected to hold the dominant position over the forecast period.  According to International Congress and Convention Association, countries that hosted most number of meetings in Europe region include Germany,  U.K., Spain, Italy, France, the Netherlands and have significant CAGR as 3% to 5% for the average number of meetings for the period 2015 to 2018.These mentioned countries dominated the meeting space market holding more than 250 meetings per annum.  The presence of multi-billion dollar companies such as Royal Dutch cell and Volkswagen Group in Europe region have large number of employees and generally they choose venue location nearby to their headquarters. The presence of multi-billion dollar companies increases the number of business activities held in these regions, which is fuelling the growth of the MICE market in Europe region.

Asia Pacific is expected to be the fastest growing region during the forecast period (2019-2027). Increase in the number of business activities and demand for customized services for MICE events, in emerging economies such as India and China is driving the market growth in Asia Pacific region. For instance, in countries such as India, according to International Congress and Convention Association, MICE events in 2018 were 3,310 and has increased at a CAGR of 5% to 10% during the period of 2015 to 2018.

Key players operating in the market

Key players operating in the MICE market are Maritz Holdings Inc., BI Worldwide, ITA Group, ONE 10,  Meetings and Incentives Worldwide Inc.,  Creative Group, Access Destination Services, 360 Destination Group, CSI DMC, CWT, Reed Exhibitions Ltd, BCD Group, Corporate and Leisure Events, and ATPI ltd.

MICE INDUSTRY TAXONOMY

On the basis of event type, the market is segmented into:

On the basis of industry, the market is segmented into:

On the basis of end user, the market is segmented into:

On the basis of region, the market is segmented into:

Meetings

Incentives

Conferences

Exhibitions

Healthcare

Automotive

Manufacturing

IT

Others

Corporate companies

Government bodies

Private Groups.

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

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Source: https://www.coherentmarketinsights.com/ongoing-insight/meetings-incentives-conferences-and-exhibitions-mice-market-3580

[lokerjabodetabekid]

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[xtruss]

Corrupt Fascist Regime of World’s Largest Hypocrisy Under Narendra Modi

No Progress on the Panama Papers in Which Over 1800 Indian Names Had Been Disclosed

Those using Panama as tax heavens would not only be liable to pay more income tax if they honestly declared true wealth but also open them to charges of corporate fraud that could earn them jail terms

— By Mohan Guruswamy | 5 Apr 2020 | National Herald India

The Panama Papers illuminate a key aspect of why the system isn’t working – because globalization has allowed the capital and assets of the 1 % (be they individuals or corporations) to travel freely, while those of the 99 % cannot.

Globalization is supposed to be about the free movement of people, goods, and capital. But in fact, the system is set up to enable that mobility mainly for the rich (or for large corporations).

The result is global tax evasion, the offshoring of labor, and an elite that flies 35,000 feet over the problems of nation states and the tax payers within them.

Meanwhile Amitabh Bachchan, who is mentioned as owner of several shell companies, goes from strength to strength as the brand ambassador for Gujarat and many government agencies. He was even reckoned by some to be fit as President of the Republic along with other worthies such as Mohan Bhagwat.

The ways of India’s rich and famous are increasingly becoming public knowledge. The disclosure that as many as five hundred prominent Indian’s, including Incredible India’s latest brand ambassador - Amitabh Bachchan - owned offshore companies in Panama is just the latest of the unravelling. All one can say is that he is in the good company of the likes of Vladimir Putin, David Cameron and Nawaz Sharif among others.

Panama is a small sliver of a country in Central America joining North and South America. Its immediate geographical neighbours are Costa Rica in the north and Colombia in the south. It is the narrow isthmus that separates the Pacific and Atlantic Oceans. A 77 kilometers long manmade canal capable of accommodating large ships joins the two oceans. The revenues from this were for long the nation’s biggest source of income since the canal opened in 1914.

Panama soon found that becoming a tax haven that assured investors of their privacy provided a more lucrative income. The proximity to the Americas, and the balmy Caribbean islands, and countries like Colombia with its huge cocaine production and export business, and Latin America’s many kleptomaniac tin pot dictators made Panama even more attractive. Till not long ago the Canal Zone was under the protection of US troops and that too served as an incentive for Americans seeking an offshore tax haven.

Panama is a tax heaven, which means it is a country that offers foreign individuals and businesses little or no tax liability in a fairly politically and economically stable environment. Tax heavens also provide little or no financial information to foreign tax authorities. This in short is the reason Panama is so important to our moneyed people who have good reason to hide their real wealth.

Why do the rich then want to hide their wealth? This is simply because officially they are not as wealthy as they really are. And if they honestly declared their true wealth they would not only be liable to pay more income tax but could also open many of them to various charges of corporate fraud and malfeasances that could earn them hefty prison terms.

To comprehend this one must understand how most of our “captains of industry”, many of whom sit on the Prime Ministers Council of Trade and Industry, became rich and powerful?

When an “industrialist” launches a new project, the project costs are usually hugely overstated. The suppliers of plant and machinery then pay the promoter kickbacks, which become the promoter capital. Thus, the more the number of projects an individual promotes, the wealthier he or she becomes. But it is not income you can declare. So it gets hidden in a tax haven. This is how the big bucks are made and salted away.

A good part of this money is round tripped back to India via nearby tax heavens like Mauritius or Singapore. Not surprisingly in 2015 the top FDI investing countries were Mauritius (27%) and Singapore (21%). Both are now the home of hundreds of corporate entities that act as a pass through for funds being held overseas for Indians or Indian entities. These countries are little more than cut-outs for monies held in other more distant tax heavens like Panama, Cayman Islands, Bermuda and Lichtenstein. The smaller the country, the more pliable the officials.

The fourteen PSU banks control almost 80% of the commercial credit advanced in India. In addition the government also owns the two big project finance institutions, IDBI and IFCI, and large institutional investors like LIC and general insurance companies like Oriental and GIC. The state ownership of these, with powers vested with the powers that be in New Delhi, political and bureaucratic, ensures that the projects are suitably “gold plated” without any rigorous scrutiny. And why scrutinize when projects seldom fold up and in a system where restructuring means lending more money to evergreen the loans?

The list of NPAs includes almost the entire roster of top Indian companies. As of June 2016, the total amount of Gross Non-Performing Assets (NPAs) for public and private sector banks was around Rs. 6 lakh crore. The NPA figures along with total debt for each of the 49 public and private sector banks were shared by the Ministry of Finance in response to a Parliament question.

According to RBI estimates, the top 30 loan defaulters currently account for one-third of the total gross NPAs of PSU banks. The country’s top five PSU banks had outstandings of Rs 4.87 lakh crore to just 44 borrowers, if borrowers were to be categorized in terms of those having outstandings of over Rs 5,000 crore. These businesses include Essar, Reliance ADAG, Jaiprakash Associates, Adani's, GVK, GMR and Lanco. This stress problem is fairly endemic.

Of the big companies or groups only Tatas, Reliance Industries and AV Birla can be considered free of financial stress. Most, if not all, the money earned by gold plating plant and machinery, under invoicing of exports and over invoicing of imports is retained abroad. Has anyone wondered why the UAE is the second largest destination of India’s merchandise exports ($33 billion in 2015) and third largest source of merchandise imports ($26.2 billion in 2015)?

The UAE is also the largest source of legal and illicitly imported gold. Last year India officially imported over 900 tons of gold worth $35 billion. The mysteriously-owned corporations incorporated in tax heavens like Panama mostly finance these exports. And a good part of the illicitly exported gold also.

According to Global Financial Integrity, aWashington DC based think-tank, Indians were estimated to have illicitly sent out $83 billion in 2017. Where does this money go? Countries like Switzerland that offer banking secrecy usually do not pay any interest on such deposits. So money goes to corporations in tax heavens from where they are invested in businesses world over. Have you ever wondered how many of our top businessmen have managed to become so big overseas so soon?

This is where the Panamas of the world come in. There was a time when Panama in India was synonymous with a cheap brand of cigarettes manufactured by the Dalmia Golden Tobacco Company. In the West, Panama was a man's wide-brimmed straw hat made from the leaves of the Toquilla tropical palm tree. That Panama too is now forgotten.

Now Panama is synonymous with offshore corporations and assured secrecy. The Modi regime also doesn't talk about rampant corruption anymore.

[billehrman]

Unleashing Corporate America

The House Republicans unveiled their tax reform program this past week. It is clear that the cornerstone behind Trump’s pro-growth, pro-business agenda is reducing corporate taxes to unleash corporate America and all foreign corporations that build plants here too.

The main thrust will be a corporate tax rate of 20% while giving added incentives to spend on plant, equipment and research which go hand in hand with less burdensome regulations. Also there will be a tax incentive to repatriate the over $3 trillion in cash held abroad. There was an interesting proposal in the bill limiting tax deductibility of interest to 30% of a modified measure of cash flow. Interest expense is less than 10% of S&P EBITDA so the impact will be minor for most corporations.

While the House tax reform proposal clearly emphasized corporate tax reform, there were a number of changes on the individual tax side primarily benefiting the middle class. The major points were:

Four tax brackets instead of seven, maintaining the top bracket at 39.6%

A $24,000 standard deduction for family filers

A top tax rate for pass-through businesses of 25% while limiting types of income that would qualify

The alternative minimum tax would be repealed

Deductions for state and local income tax would be repealed replaced with a $10,000 cap on property taxes

Home mortgage interest would be capped at mortgages of $500,000, and

The child tax credit would be increased to $1600.

The goal of the Republican tax proposal is to encourage businesses to spend on plant and equipment here, as it could be immediately expensed rather than over the life of the assets, and to hire employees to fill the new needed positions. Lowering corporate taxes and reducing regulation are meant to impact/change the U.S. and foreign corporate board/management decision-making process on deciding where to build incremental capacity. This attempt goes hand in hand with Trump and Wilbur Ross’ trade policy, which has already led to many foreign companies announcing new plants in the U.S..

The Republicans will make tweaks before the vote in the House while the Republicans in the Senate will introduce their own tax reform version this week. I am confident that both bills will move into conference and a reconciliation bill will emerge before Christmas and be passed by early next year. I doubt this bill will be retroactive to 2017.

The other major event of the week was Trump’s announcement that Jerome Powell will be the next head of the Federal Reserve replacing Janet Yellen. He was a safe choice and will follow a similar moderate path of monetary policy as did Janet Yellen who I applaud for having done an excellent job. The one area of difference is that he may accelerate financial reform to the benefit of banks. It is interesting to note that he is not a trained economist but a former partner in several private equity firms having also served in the Treasury as an attorney.

Let’s review the data points that came out last week to see if they support or detract from our view that the global economies continue to accelerate without inflationary pressures; monetary policy remains accommodative; interest rates remain unusually low for this point in an economic cycle; the dollar continues to rally; industrial commodity prices including oil continue to strengthen and finally corporate earnings in total are exceeding expectations with forecasts of better growth ahead.

1.) Economic data out of the U.S. support our contention that the U.S. will be the engine of global growth in 2018: consumer spending rose by1%, the largest gain in 8 years; consumer income rose by 0.4% while the consumer price gauge excluding food and energy rose only 0.1%; consumer confidence rose to 125.9 in October, a 17-year high; property values rose 5.9% year over year enhancing consumer wealth; the employment cost index rose 0.7% in the third quarter and 2.5% year over year; auto sales soared to an 18.1 million annual rate in October boosted by hurricane replacement sales; the ISM Manufacturers Index stood at a strong 58.7 while the ISM Services Index remained at 55.3; workers’ productivity accelerated to 3.0% in the third quarter, the fastest gain in 3 years; the U.S. trade gap expanded modestly to $43.5 billion in September also impacted by the hurricanes and finally nonfarm payrolls rose 261,000 in October while average annual earning actually declined 1 cent and are up only 2.4% year over year.

As expected, the Fed left short-term interest rates unchanged last week but strongly hinted at an increase in December. Officials continued to note that inflation is remaining below forecasts. No surprises here!

We expect the fourth quarter to exceed 3%.

2.) Economic activity continues to surprise us on the upside in the Eurozone. It appears that Eurozone GNP rose by 2.4% in the third quarter, down slightly from the 2.6% rate of gain in the second quarter. Inflation continues to remain well below the ECB target of 2% coming in at only 1.4% in October from a year ago down from 1.5% year over year increase in the previous month. Draghi, the ECB and all monetary bodies remain puzzled why inflation has not picked up as economic growth has accelerated. They just don’t get it. Change is everywhere with disruptors popping up every day in new industries causing tremendous price pressure on the more established players. This will not change anytime soon!

Finally Eurozone confidence rose to a 17-year high in October hitting 114.0 despite the ECB lowering its pace of government bond purchases.

3.) The BOE raised interest rates for the first time in 10 years to restrain inflation even though the economy continues to struggle due to Brexit. It should be noted that the BOE lowered UK’s growth potential to 1.5% a year down from its former forecast of 2%-2.25%. We would consider investing only in in UK’s multinationals, which are benefiting from a weak currency and strong growth overseas.

4.) The BOJ maintained its aggressive bond purchase program despite accelerating growth as inflation is far beneath its targets. A familiar theme everywhere!

5.) There are no surprises out of China with the Caxin manufacturers PMI coming in at 51.0 in October. Pay close attention to the government’s comments on increasing bank liquidity and capital ratios while attempting to reduce speculation and bad debts. It is the quality of growth that counts now more than the speed of growth. Notwithstanding the Chinese economy will continue to expand greater than 6% in 2018. Not bad by anyone’s standards!

I suggest that you read Alibaba’s comments last week about the strength of the Chinese consumer as spending continues to accelerate. Yes, we own the stock for the long term as the Chinese economy shifts to the consumer and technology shifting away from production.

Let’s wrap this up:

Clearly this was an event driven week led by the probability of tax reform passing Congress and being signed into law. I expect the Republicans to universally support the final bill, which will assure passage, as the party definitely needs a win going into the 2018 elections. The Democrats have a real problem if they stand together against this bill, as the party will be labeled obstructionists without offering any real alternatives as we enter the election season. I expect a large infrastructure bill to follow closely behind tax reform as we all agree that this country must rebuild to move forward and compete globally.

Finally watch closely what comes out of Trump’s trip to the Pacific. I see tremendous opportunities for him to move forward his trade agenda with Japan and China, as all sides want to avoid confrontation. I also expect China to pledge its support reducing tensions with North Korea.

The bottom line is that the path of least resistance for the global stocks markets remains up as the global economy accelerates without inflationary pressures; interest rate stay remarkably low and earnings improve as both volume and operating margin increase while fixed cost stay contained. And there is the tax bill as icing on the cake.

Just one word of caution as not all markets nor asset classes nor all industries nor all companies will participate, as change is everywhere. Remember to look through that proverbial windshield rather than at the rear-view mirror.

Paix et Prospérité continues to outperform all indices. Our portfolios are over-weighted financials, global industrials, industrial commodities, technology and special situations.

Review all the facts; pause, reflect and consider mindset shifts; consider the proper asset allocation with risk controls; do independent research and…

Invest Accordingly!

Bill Ehrman Paix et Prospérité LLC

[your-topworldtravels-blog]

What Travel Agents Need to Know About Corporate Travel Today

This is rightly named as the era of traveler-centricity and with the development of the new era of personalized journey; it's resulting in development and research of a host of new so-called smart services. The command-and-control viewpoints of travel have changed a good deal from the past and the focus has shifted more on the traveler and the productivity of each trip. It has become essential to keep the travelers have the best return on investment on each trip. New generations of young workers and supervisors, who have been growing and living in a digital age, are shifting the rankings as travelers. It is now essential to comprehend the demand for increased flexibility recognizing that the workers who travel on corporate excursions also look at a percentage of the trip to be a leisure outlet. With increasing earnings and increase in companies sending their employees overseas to community and connect with their overseas prospects/customers/suppliers, corporate journey is a highly rewarding tourism section. Before we discuss how tourism companies can better appeal to business travelers, so let us look at why they prefer to use specialized Company agencies over conventional brokers

Why do businesses utilize Corporate Travel Agencies?

This could be the most elementary question to get a travel service regarding why they will need to utilize agencies specializing in corporate travel when there are plenty of standard travel agents on the marketplace. Here is the value of business travel agencies that have online systems which allow business travelers access to their complete itinerary.

The following information is at the hands of their CTAs:-

Complete business itinerary details up-to-date monitoring Information of flights (such as delays or rescheduling) crystalline Particulars about extra costs like luggage fees or Rollover charges travel alarms, if any, in the destined area up-to-date and complete Particulars about the visa exemptions and identification Necessary currency condition and conversion prices What do corporate clients anticipate from Corporate Travel Agencies?

Negotiated Fares

The Corporate Agencies tend to have tie-ups with hotels, car rentals, flights etc.. giving them access to lower fares which could be used only by the frequent business travelers. Discounted prices aren't the only benefit though as they also offer flight upgrades, room upgrades, and VIP check lines as required.

In-depth Information Regarding the travel sector

Business travel agents have access to many travel resources and most of all, quickly, than every other leisure travel agent. Further information can help to create the company trips comfortable and convenient.

Changes in Itinerary

When an airline ticket needs to get rescheduled or cancelled, odds are the airline or the internet service provider will bill superb fees. When booking using a corporate travel agent, the majority of the times schedule changes may be performed at zero or minimal added charges.

Viable emergency connections

It's important for the company travelers to get to the correct person at the need of trouble. Business travel agents have the expertise and professionalism to alleviate stress for both the traveller and the corporation.

What you will need to consider as corporate travel raises?

Business Travel Barometer noted that corporate travel is witnessing an accelerated growth. But when poorly handled, it may be no more an advantage to businesses and may, actually turned into a burden. There are a few aspects that the companies and CTAs must think about to get the most out of the time traveling.

Adopting a travel coverage

The corporate must specify a journey policy which is applicable to respected by travelers in all levels. This policy should be utilized to establish the standards which will help track the improvement of business journey. It is going to gradually help to lower the expenses of the whole package.

Do not restrict the traveller's freedom

The management accounts for budgeting the traveling policy that helps to improve cost management nevertheless, it is also vital to provide a level of independence to the traveler. The policy should be flexible enough to allow the worker to accommodate the trip as per the circumstance.

Traveler's security ought to be a major concern

Business travelers have to have security set up. The company should adhere with its definition of standards to ensure the worker's integrity. The CTAs should have dependable partners (travel insurance, airlines, hotel chains etc.).

Mobility and automation

To maximize time and facilitate the procedures, the administration of direction platforms ought to have automatic processes. This implies that they should adopt mobile solutions where lookup choices, travel alerts, ticket bookings etc. can be retrieved immediately, easily and on the go.

Corporate Travel Trends in 2016

Business travel styles tend to change frequently. 2016 has not been any different and also the travel management companies (TMCs) and corporate travel agencies (CTAs) are very focused to supply steady if not strong axis around. A growing MICE sector, investments in cellular and big data and enhanced focus on duty of care are some of the areas of focus.

Rising prices

The consolidated buzzword among international suppliers, airfares, hotel rates etc. is the rising prices. It is at times the move of the providers to generate discounts which encourage travel if there's a strong decline in demand. A positive 2016 world market continues to be attracting an increase in air fares of a couple of percentage points, hotels are predicted to see 4%-6% increase in average worldwide rates and the competition will remain average from the car rental providers.

Duty of caution

Risk management is one of the significant points of emphasis such as businesses. Corporate customers are permitting new policies and advanced technologies to monitor employees' location in case of an emergency, especially when they are travelling to overseas destinations. For instance, Concur Risk Messaging helps you to identify the travelers moving around on earth and alarms them with alternate travel agreement as and if required.

Focusing on MICE

Meetings sector is a significant growing sector and the corporate travel tendency is developing on it. The corporate travel agencies need to better start aligning the various assembly procurement methodologies with its passing travel angling. Among the ways might be to broaden the wide range of meeting services by integrating incentive trips within it.

Investing in tech

A sharper focus on increasing value and becoming more traveler-centric could be achieved by bringing in cellular friendly technologies. Mobile and large data are undoubtedly the two most significant technological investments which any corporate travel bureau must focus to earn their system more attractive.

Business travel analysis after Brexit

After Brexit, ACTE and CAPA shared their speculations. According to these, the best short-term consequences on the travel sector will come from the weakening of the pound against other world currencies. Greeley Koch, executive director at the Association of Corporate Travel Executives said that the business travel industry will fad on currency changes; with several companies taking advantage of the poorer pound and travel more, though others might conduct business journey until world economies find their own level.

Impact of terrorism to corporate travelers

Travel policy makers and administrators need to be directed by rising terrorism scare. For executives and staff undertaking journey on behalf of companies, both the travel agents and corporate travel agencies (CTAs) should demonstrate the reassurance for their safety throughout the travel policies. It is probably that the surveys conducted over corporate travelers reflect the overall concern of the global business travelers about the spate of terrorism. However, there is no denying the reality that cyber threat is altering the patterns of business traveling. The important effects of this would be to keep in mind that the businesses providing travel services for business travelers need to enhance their focus on safety and the related risks in delivering the services to corporate customers. As demonstrated by a recent finding, travel managers have greater estimation of their policy's effectiveness in addressing risk in comparison with skeptical business travelers.

Concluding

Although the corporate travel industry has continued to progress, there are a plethora of challenges faced by the industry. A rapidly changing consumer market, the development of new business units, the impact of technology, man-made and natural disasters are a few of the fulcrum factors that will need to be considered prior to planning corporate excursions.