Travel Risk Management (TRM)
Quick answer
The discipline of identifying, assessing, communicating and responding to risks travellers face — from natural disasters and political unrest to medical incidents and lost luggage — to meet the employer's duty of care.
The discipline of identifying, assessing, communicating and responding to risks travellers face — from natural disasters and political unrest to medical incidents and lost luggage — to meet the employer's duty of care.
Explore related terms: Travel Management Company , Online Booking Tool , Travel and Expense
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A specialist agency that books and manages corporate travel on a company's behalf — handles bookings, after-hours support, supplier deals, reporting and duty of care.
The self-service booking website travellers use to book flights, hotels, cars and rail inside policy — usually integrated with the TMC, the expense tool and the approval workflow.
The combined spend category covering pre-trip bookings (air, hotel, car, rail) and post-trip expenses (meals, taxis, incidentals reclaimed via expense report).
The booking record an airline or GDS holds for a trip — traveller name, flight segments, ticket numbers, contact details and special requests — and the source of truth the airline operates against.
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Mini-MBA: Corporate Travel
Put Travel Risk Management into commercial practice — with case studies, frameworks and real-world examples from the Mini-MBA: Corporate Travel.
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