Overhauling travel & expense policies: New corporate priorities and traveler expectations

Travel and expense (T&E) policies are having a heyday as travel managers update their policies to better align with business objectives. The updates have two main impetuses: a resurgence of business travel, as reported in a Mastercard trends article from 2023,1 and predictions of higher spending through 2025, according to a Mastercard survey of business travel managers in 2023.2