A new Global Business Travel Association (GBTA) report revealed that a significant number of travel buyers rarely, if ever, conduct risk assessments, despite the fact that there’s a growing interest in risk management among corporations. According to the GBTA report, roughly a quarter of travel buyers focused on the meetings, incentives, conferences and exhibitions space say they rarely or never conduct risk assessments on specific venues, and another 24% say they never or rarely conduct assessments on nearby locales – despite the fact that more than 60% of travel buyers call risk management a growing priority, the GBTA study says.

The GBTA survey of 126 travel buyers uncovered a number of other gaps in risk planning, including the fact that, while 80% of respondents said they create crisis communications plans “most of the time,” only 36% said they always do. The report adds that 28% of respondents are looking into adopting a risk solution within the next year.

Source: Associations Now

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