May 20, 2024


pleasant trip on vacation Group corporate travel arm Trip.Biz releases China market white paper as it shares global expansion strategy


SHANGHAI, June 7, 2022 /PRNewswire/ — Group’s corporate vacation arm, Excursion.Biz, has produced a white paper delving into the tendencies defining the reviving company travel management sector in mainland China.

The Excursion.Biz white paper summarizes the recovery of corporate vacation in accordance to the hottest business info, with a aim on China – the biggest corporate travel industry in the entire world.

World-wide Small business Travel Affiliation (GBTA) facts demonstrates that China led the planet in business journey shelling out in 2021, just after a 38% decline in company travel shelling out in 2020. As the domestic market recovered, in 2021, China’s company travel shelling out noticed a expansion price of 31.7%, additional than double the world growth price.

The paper displays 16.3% additional businesses in China labored with a TMC (Vacation Management Firm) in 2021 compared to 2020, this determine mounting by 24.6% in first tier towns in China this kind of as Beijing, Shanghai and Guangzhou.

In accordance to GBTA forecasts, China’s business vacation industry is anticipated to get well and surpass pre-pandemic levels by 2024, with whole business enterprise vacation expending exceeding $400 billion. Group 2021 earnings details displays the solid restoration momentum in China’s business vacation market, it showed lodge bookings on Trip.Biz grew by nearly triple digits in the fourth quarter and entire 12 months of 2021 in comparison to the identical interval in 2019.

Accordingly, Group greater its corporate travel provide chain investment decision by 86%, item technology expenditure by 86% and services efficiency by 110% in comparison to 2019.

Journey.Biz at the moment delivers journey management companies to 13,000 substantial enterprises and 620,000 compact and medium-sized enterprises, between which over 300 are Fortune 500 firms and more than 10,000 are Sino-foreign joint venture businesses.

Excursion.Biz, as a Team manufacturer, is employing a international progress system primarily based on the Group’s “Community Aim, Worldwide Vision” strategy. Main to this technique is the efficiency, solution choice, assistance high quality and services obtainable on the Journey.Biz application.

“The most significant marketplace alter introduced on by the pandemic is the recognition by clients of the correct price of TMC choices. Exclusively, the comfort and overall flexibility of reserving, switching and refunding, having a 1-halt scheduling knowledge for all products and solutions globally with world-wide travel assurance and SOS services, and 24/7 multilingual purchaser support. These are precisely the spots that on line TMCs like Vacation.Biz specialise in,” commented Steven Zhang, Main Executive Officer at Vacation.Biz.

“We are actively expanding our abroad company network by partnerships, with the objective of enabling our prospects to effectively link to our nearby and world enterprise vacation products and solutions by means of the Excursion.Biz app at any time, any place in the planet. We deliver performance and option, presenting competitive price ranges and the greatest world wide provider criteria, permitting travellers to enjoy a planet-course small business journey expertise.”

Trip.Biz’s intercontinental business enterprise expansion system aims to build on present client desires, initially concentrating on regional expansion throughout North and South East Asia, supporting business enterprise consumers expanding in the location and globally.

To down load the Journey.Biz 2021-2022 Company Journey White Paper in full be sure to get in touch with: [email protected]   

About Group Team is a leading worldwide journey services company comprising of, Ctrip, Skyscanner, and Qunar. Throughout its platforms, Team allows travellers close to the planet make educated and expense-successful bookings for vacation merchandise and services and allows companions to hook up their choices with users by way of the aggregation of detailed vacation-connected content and means, and an innovative transaction platform consisting of applications, internet websites and 24/7 buyer assistance centers. Established in 1999 and outlined on NASDAQ in 2003 and HKEX in 2021, Group has grow to be just one of the best-regarded journey teams in the planet, with the mission “to pursue the ideal vacation for a far better entire world”. Discover out more about Team in this article: Group Logo (PRNewsfoto/ Group) Group Logo (PRNewsfoto/ Team)

About Trip.Biz

Vacation.Biz is a person of China’s most quickly increasing company journey administration businesses, and belongs to Group.
For over 15 years,Vacation.Biz has relied on its strong resources, excellent service means, professional items, and cutting edge technology to provide services to over 13,000 massive-scale corporations, including over 300 Fortune Global 500 companies and nearly 200 of the Top 500 Enterprises of China. We count over 620,000 small to medium sized enterprises among our clients. We have a combined total of over 30 million employees. We strive to help corporations lower their travel costs and increase effectiveness, and save our customers up to 30% in business travel expenses.

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