Business travel and travel: the key to business development

Business travel has become an integral part of the business development of companies around the world. They not only open up new horizons for business, but also contribute to the establishment and strengthening of partnerships, the exchange of experience and knowledge, and the creation of strategic plans.

Business travel, often abbreviated MICE (Meetings, Incentives, Conferences, Exhibitions), provides companies with a unique opportunity to host and attend meetings, seminars, exhibitions and conferences in various locations around the world. In a highly competitive economic environment, it is external relations that can become the engine of development when all other key indicators of the company’s business processes are achieved.

Problems that modern business solves with the help of MICE:

• expansion of sales markets: participation in exhibitions, conferences and seminars allows you to learn about new market trends, find potential clients and partners, and also present your company to a wide audience.
• strengthening business connections: personal meetings with partners and clients are always more effective than telephone conversations or hours-long video conferences.
• advanced training of employees: training employees at international specialized courses and trainings increases their competence and, as a result, the competitiveness of the company.
• creating conditions for the development and implementation of innovations by visiting exhibitions, presentations, and industry seminars.
• strengthen team spirit: joint trips, including trips on a joint corporate vacation that are rare for our market, and solving work problems during long-term foreign business trips unite the team, increase employee motivation and their loyalty to the company.

Business travel is an effective tool for business development.

What is MICE:

MICE is an umbrella term that encompasses various aspects of business travel, such as event management, hotel bookings, transportation, and local market and cultural considerations.

Types of business travel:

• Individual travel: travel by one employee to perform specific tasks.
• Group travel: Travel by multiple employees to participate in a common event.
• Incentive tours: motivational trips for employees as a reward for achievements.
• MICE: organization of events abroad (Meetings, Incentives, Conferences, Exhibitions).

Typification of company business travel by purpose:

1. Meetings and negotiations . The main goal is to discuss business issues, conclude deals and establish partnerships.
2. Conferences and seminars . They allow you to exchange experiences, learn about the latest trends in the industry and present your own developments.
3. Exhibitions . An excellent opportunity to showcase products or services, attract the attention of potential customers and conduct market research.
4. Team building. Joint events held to strengthen corporate spirit

Despite the fact that enhancing international relations for organizations is of great importance as part of strategic business development, the process of organizing corporate travel and business travel for most companies remains a vulnerable process and often involves many reputational and financial risks for the entire company.

Large corporations usually have a business tourism department that handles all business travel arrangements. In small companies, the organization of business trips is handled by the secretary or the human resources department. There are a number of companies where the organization of a business trip is entrusted directly to the employee who is going on a business trip, and instead of performing his tasks, in this case, the employee is forced to comprehend the basics of travel planning.

Hence, the company often faces a number of risks.

Risks of incompetent organization of business travel in a company:

• Incorrect paperwork: fines, problems with visas, reputational losses.
• Suboptimal choice of route and time: increased company costs, loss of employee time.
• Poor quality booking of tickets and accommodation: trip disruption, additional costs.
• Unforeseen expenses: increasing the travel budget.

But more and more companies are realizing the risks that arise when organizing business travel, and are resorting to an innovative and modern solution to these problems: entrust the organization of business trips to a professional travel operator, which TravelHub can become!

The advantages of collaborating with tourism experts on outsourcing within the framework of a partnership with a tour operator:

• Saving time and money: the company gets rid of the need to independently organize business trips.
• Professional approach: experienced tour operator specialists guarantee high quality services.
• Risk reduction: The tour operator is responsible for all stages of the trip.
• Peace of mind and confidence: the company can be sure that all issues will be resolved professionally.

Business travel is an investment in the future of the company.

By entrusting their organization to TravelHub, you can be sure that your employees will receive the maximum benefit from the trip, and the company will receive the maximum benefit from their productive work.

With more than 10 years of experience in tourism, TravelHub managers:

• They offer better prices for tickets and accommodation.
• Select the optimal route and travel time.
• Ensure that all necessary documents are completed.
• Provide visa support all over the world.
• Provide 24/7 support before, during and after your trip.

Business travel plays an important role in business development, opening up new opportunities for growth and expansion. However, to successfully organize business trips, it is necessary to take into account the risks and turn to professionals who can ensure the safety, comfort and efficiency of the entire process. Working with an experienced travel operator at TravelHub will make every business trip successful and productive for your business.

Business travel is an effective tool for business development. Use it correctly! Contact Travel Hub!