Travel risk management in the wake of terrorism – is it enough?

” In today’s world, even a handful of terrorists who place no value on human life, including their own, can do a lot of damage.” President Obama certainly have a point. This is a something that we have experienced on far too many occasions during the last couple years. The constant threat from terrorism have impacted our lives in many ways – and travel is no exception.
But contrary to what one might think, this new reality of higher risk, have actually not resulted in a great drop in travel. Neither on the tourist side, nor in business travel. During 2015 international tourist arrivals increased with 4.4 %, and business travel is also going strong. In fact, during the next few years’ business travel is expected to rise. Indeed, the business travel sector is remarkably resilient; in a recent survey, 90 % of travel buyers in Europe said that it is important that travel continue as normal, despite the recent terrorist events.
But while people still travel in high numbers, this new security environment that we find ourselves in have made its mark in other ways. Business travel is changing, with risk management increasingly becoming an integral part of many companies travel preparations. Not surprisingly – protecting your employees is a priority for many businesses, not solely because of Duty of Care, but because employees often are their greatest asset.
However, while many companies acknowledges this new need for comprehensive travel risk management, recent research by Collinson Group in the UK show there are clearly a long way to go. Even though many recognize a greater need for travel security, it doesn’t always translate into actual policy. A staggering 41 % of HR professionals in the survey responded that their company do not have a corporate travel policy which include a risk management strategy.  58 % said that the most popular tool for conducting risk assessments is Google and other online searches. Additionally, 41 % of the business travellers stated that they found it difficult to obtain advice on security risks from their company. In today’s world, the unforeseen can happen anytime, anywhere. You can’t protect yourself against everything, but clearly a lot can still be done to improve company preparedness.
Lotta Herz
Photo credit: Got Credit