ITILITE Emphasizes Advanced Travel Risk Management Amid Rising Business Travel Costs

Global business travel spending is set to hit $1.48 trillion in 2024, increasing the need for advanced risk management. ITILITE highlights AI-powered solutions that provide real-time alerts and emergency support, helping businesses enhance duty of care, protect employees, and boost corporate resilience. End Quote

New York, NY (1888PressRelease) March 27, 2025 - With global business travel spending projected to reach $1.48 trillion by the end of 2024, organizations face increasing pressure to ensure employee safety. ITILITE, a leader in travel and expense management, underscores the importance of advanced travel risk management in fulfilling corporate duty of care obligations.

Business travelers now spend over $1,000 per trip on average, with accommodation costs making up a significant portion of expenses. Additionally, concerns around travel safety remain high, with a notable percentage of employees—especially women—expressing security-related apprehensions. These trends highlight the urgent need for organizations to implement proactive risk management strategies.

The integration of AI-powered risk management tools enables real-time alerts on disruptions, automated risk assessments, and centralized communication for swift emergency responses. These innovations allow businesses to address potential threats efficiently and provide seamless support for traveling employees.

Investing in advanced risk management not only fulfills legal obligations but also enhances corporate reputation and employee confidence. Companies prioritizing these measures foster a safer, more resilient travel culture.

ITILITE continues to drive innovation in traveler safety and corporate travel optimization. As business travel evolves, companies focusing on risk management will be better equipped to support their workforce and maintain operational continuity.

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