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Business Traveller

Business Traveller April 2020

The leading magazine for the corporate traveller. We aim to save you money and make your travelling life easier. Each edition has the latest news from airlines, airports, hotels and car hire companies, reviews of the latest gadgets, technology and accessories and destinations pieces - where to stay, what to eat, what to see, and how to behave, all delivered by our own writers and journalists around the world. In addition, loyalty programs are examined, deals and promotions collected and feature stories cover a wide range of issues such as health, security, technology, golf, automotive, financial and buying property. With editorial staff based in our offices around the globe we are uniquely placed to ensure that our different editions reflect the needs of our readers locally.

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United Kingdom
Perry Publications Limited

in this issue

1 min
from the archive 1981

AT THE START OF 1981, our writer, Philip Jacobson, went on the hunt for an endangered species – the Grand Hotel. It was a title, he mused, that had been adopted by many an establishment that barely qualified as a hotel, let alone a grand one. From a yellow cab on the streets of Manhattan, he spotted a few potentials under construction. These were to add a “much-needed” 5,000 rooms to the island, and included the Helmsley Palace (now the Lotte New York Palace), the Parker Méridien (now a Hyatt) and the Vista International (which was part of the World Trade Center). The most spectacular of the new properties architecturally, he wrote, was the Grand Hyatt. Located by Grand Central station, the former Commodore hotel (est. 1919) had been sheathed in…

1 min

CARBON CREDITS A carbon credit is the “right” to emit one tonne of carbon or equivalent greenhouse gas. It will be generated from some verified abatement project. CARBON COMMODITIES The catch-all term for both emissions allowances and carbon offsets. CARBON PRICE Depends on where a project is and the benefits in carbon reduction it offers. CORSIA The Carbon Offsetting and Reduction Scheme for International Aviation, proposed and championed by ICAO (the International Civil Aviation Organisation). OFFSET CERTIFIERS These organisations both certify the projects, charging a fee, and then may act as a broker for the carbon emissions being offered from the projects. RADIATIVE FORCING An attempt to include the impacts of non-CO2 aircraft emissions at high altitudes. Some calculators allow you to factor this in by multiplying the carbon emissions by a recommended radiative forcing factor of 1.891, which has been…

3 min
donating hotel points to charity

Following our February round-up of frequent flyer programmes that allow you to donate unwanted air miles to charity (see businesstraveller.com/tag/loyalty), here we look at what some of the main hotel loyalty schemes have to offer in this regard. Accor The Accor Live Limitless (ALL) programme lets you convert your points into a donation to either the Accor Solidarity, an endowment fund that helps local NGOs supporting people at risk of poverty, or Plant for the Planet, a initiative for planting trees globally and supporting small-scale farmers. all.accor.com Best Western The Best Western Rewards scheme allows guests to donate points to the hotel group’s partnered charity, Shelter. bestwestern.co.uk Hilton Hilton Honors has teamed up with Point Worthy to enable you to donate points to a good cause. To take part, you have to open an account on…

3 min
intercontinental london park lane

BACKGROUND First opened in 1975, the Intercontinental has been through numerous refurbishments in the intervening years, and recently won Best Business Hotel in the UK at the Business Traveller Awards. The latest multimillion-pound renovation is by RPW Design and is just reaching completion this spring. WHAT’S IT LIKE? No matter whether you are checking in, meeting someone or dining at one of the restaurants, at least two liveried and friendly doormen are there to greet you. Before you’ve taken a few steps into reception, there’s someone else smiling as they enquire if they can help, so that’s good security, but also a great welcome. The long reception desk is immediately ahead, the Theo Randall restaurant is to the right, and the lounge and bar to the left. Check-in was quick and…

4 min
the unicorn bubble

Public ownership is so 1990s. The real money these days is made before companies go public on the stock market. By raising funds in private markets, firms can grow, free from the pressures of quarterly reporting, regulation, tight scrutiny and demanding retail shareholders. In the US, the number of listed companies has almost halved since peaking in 1996. It’s a trend that accelerated after the 2008 credit crunch saw interest rates collapse, making debt funding more attractive and easier to raise for entrepreneurs. You only know what an asset is worth once you’ve managed to find a willing buyer for it This is a key driving force behind the boom in the valuations of privately backed companies. The rise of start-ups backed by venture capitalists (VCs) and private equity firms has gifted us…

3 min
beat a retreat

ELMLEY NATIONAL NATURE RESERVE on the Isle of Sheppey, North Kent – an hour’s drive from Gatwick airport and reachable by train – is a conservation site of international importance as well as a family farm. It is also the only National Nature Reserve in the country where you can stay overnight. Elmley’s proximity to London makes it a convenient retreat destination if you are based near the capital or visiting for work. The 18th-century Kingshill Farmhouse on the property was launched last summer following a year-long renovation. Sitting at the heart of the 1,335-hectare reserve, it sleeps up to 14 guests across six bedrooms and can accommodate the same number of people in a traditional meeting set-up, with breakout areas and far-reaching views across the reserve. Other accommodation options include the…