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Spend & Risk:

How the comeback of business travel could bring new risks

Download the July 2021 Spend Insights Report

 

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While leisure travel is bouncing back, we’re still watching the recovery of business travel with a possible boom this fall. While it is unknown when business travel will reach pre-pandemic levels experts agree that business travel will look much different especially in the near-term as airlines, hotels, and auto rental companies work to restore operational capacity.

With this uptick in travel comes new trends in employee spend behaviors as the hospitality, restaurant and transportation industries continue to re-emerge from pandemic—what’s the risk?

Spending in Q2 lends some credence to those predicting a resurgence of business travel. In fact, airline spend is in the top 5 for the first time since March 2020. The other top expenditures in Q2 closely mirror those of pre-pandemic times except for the mail/phone order category, which could be a mainstay for some time as much of this spend is attributed to work-from-home expenses. Fortunately, spend with merchants in the high-risk category of miscellaneous stores has tapered off, causing it to drop from the top 5 altogether in Q2.
  

In this report, we’ll share our analysis of how spend has trended in Q2 2021 and assess how the comeback of business travel may impact expenditures and invite risk.

Download Oversight’s July report to learn:

  • What activity in Q2 is signaling a return to more travel
  • The top spend violations year over year
  • Suggested actions for your company to help flag issues and protect the bottom line

Fill out the form to download your copy.

 

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