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40%+ professionals in India concerned about earning if business travel doesn't resume: SAP Concur Study

There are increasing willingness among 99% Indian business travellers to resume work trips within the next 12 months, a new study commissioned by SAP Concur states. Over 78% are ‘very willing’ to get back on work trips. This is higher than the global average.

Respondents to the survey carried out in India, Singapore, Malaysia, China, Hong Kong, Taiwan, Japan, South Korea, Australia, and New Zealand believe that the current travel hiatus is hurting their careers − by impeding their business goals and personal lives. While professionals are eager to restart in-person meetings soon − they also want greater control over how they will travel, so that their safety and health can be better safeguarded amidst the pandemic.

“Covid-19 has upended business travel in the past year and a half. Yet, it has also reaffirmed business travel’s importance in forging business and personal connections, and enabling career advancement,” said Dr Carl Jones, Vice President and Head of Strategy for SAP Concur Asia Pacific.

“While uncertainty continues to linger around travel curbs, firms can support business travellers by updating travel policies to provide more flexibility in flight and accommodation selection, better protecting employees’ health and safety. Then as vaccinations progress and travel bubbles form in the coming months, they will be better positioned to enable safe travel, facilitating business growth and talent retention.”

Key findings from the study of Indian business travellers include:

·         Travellers believe inability to travel will hurt them both professionally as well as personally

·         Like their global counterparts, over 84% Indian businesspersons worry that the inability to increase travel will affect them personally. These concerns include:

·         The difficulty in developing and maintaining business connections (59% in India compared to 45% globally)

·         Not advancing in their career (43% compared to 33% globally)

·         Making less money (40% compared to 38% globally)

On the business front, Indian respondents worry that if their organization does not increase business travel, it will be difficult to sign new deals (47%), build new relationships (41%) and renew contracts with existing clients (43%).

Overall, in the APAC region, 9% are afraid their business will shut down, and 14% worry that they will lose their jobs. These grave concerns reveal respondents’ perceptions that business travel is a vital vehicle to strengthen business relationships for career success, and experience new places to broaden personal horizons.

With growing awareness about social distancing, sanitizing, and adhering to all Covid-related protocols, there's a sense of personal responsibility and not letting their guard down among business travellers. About 2 in 5 (41%) Indian business travellers hold themselves most responsible for their health and safety on a trip. A significant section of respondents have also learned to live with the pandemic, taking all necessary precautions. 58% Indian business travellers want to loosen travel policy restrictions or return to pre COVID 19 policy.

“Employees are ready to return to business travel, but on their own terms,” said Dr Jones. “The actions that businesses take in the next 12 months to protect traveller safety and health could make or break their ability to acquire and retain valuable employees amid a competitive market for talent.”

"As restrictions lift and normalcy resumes, there would be an uptick in demand for business travel, albeit with fresh modifications and impetus on flexibility, convenience and choice. Even though businesses have successfully adapted and are strategizing well to navigate in a post-pandemic world, the importance of business travel to develop connections, ideate and network remains undiminished", says Mankiran Chowhan, Managing Director – India, SAP Concur.

"Going forward companies will have to rejig their travel policies and put employee safety and well-being first for a more productive and wholesome travel experience", she adds.

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