Category Archives: safety

The Really, Really High Cost of Travel

The volcanic ash over Iceland and much of Europe has negatively affected travel for 80 percent of the companies surveyed by the research arm of the National Business Travel Association — at an average cost of nearly $200,000 per affected company.

According to the 234 corporate travel managers polled, more than 160 travelers from each company — on average — were stranded away from their homes, costing the company more than $197,000 in unexpected travel expenses.

About 2,000 companies were represented in the survey data, with more than 310,000 travelers experiencing travel disruptions, costing the surveyed companies more than $367 million collectively.

This is just one more reminder for HR leaders to have crisis plans in place before they are needed.