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

SHANGHAI, June 7, 2022 /PRNewswire/ — Group’s company vacation arm, Vacation.Biz, has launched a white paper delving into the developments defining the reviving company journey management sector in mainland China.

The Journey.Biz white paper summarizes the recovery of company travel according to the latest market knowledge, with a focus on China – the biggest company travel current market in the world.

International Business enterprise Journey Affiliation (GBTA) data demonstrates that China led the world in business enterprise journey shelling out in 2021, after a 38% drop in small business vacation shelling out in 2020. As the domestic marketplace recovered, in 2021, China’s small business journey spending observed a development fee of 31.7%, extra than double the international growth fee.

The paper displays 16.3% a lot more corporations in China labored with a TMC (Journey Administration Business) in 2021 in contrast to 2020, this figure climbing by 24.6% in initially tier metropolitan areas in China these types of as Beijing, Shanghai and Guangzhou.

According to GBTA forecasts, China’s small business travel sector is expected to recover and surpass pre-pandemic degrees by 2024, with total business journey paying out exceeding $400 billion. Team 2021 earnings information demonstrates the robust restoration momentum in China’s enterprise travel industry, it showed resort bookings on Journey.Biz grew by just about triple digits in the fourth quarter and complete calendar year of 2021 as opposed to the same time period in 2019.

Accordingly, Group enhanced its company vacation offer chain financial investment by 86%, solution technology investment decision by 86% and service performance by 110% in comparison to 2019.

Excursion.Biz at this time provides journey administration solutions to 13,000 large enterprises and 620,000 compact and medium-sized enterprises, among the which over 300 are Fortune 500 providers and in excess of 10,000 are Sino-international joint undertaking firms.

Journey.Biz, as a Group brand name, is employing a international development strategy primarily based on the Group’s “Local Concentrate, World-wide Vision” method. Main to this approach is the effectiveness, merchandise choice, assistance high quality and solutions accessible on the Trip.Biz application.

“The biggest sector modify brought on by the pandemic is the recognition by customers of the true worth of TMC choices. Especially, the benefit and overall flexibility of booking, shifting and refunding, possessing a 1-prevent scheduling practical experience for all products and solutions all over the world with world travel ensure and SOS services, and 24/7 multilingual shopper assist. These are precisely the parts that on the web TMCs like Journey.Biz specialise in,” commented Steven Zhang, Chief Executive Officer at Trip.Biz.

“We are actively increasing our abroad services community through partnerships, with the aim of enabling our shoppers to successfully hook up to our local and world organization journey products by way of the Excursion.Biz application at any time, everywhere in the world. We supply effectiveness and selection, featuring aggressive rates and the highest global company expectations, making it possible for travellers to enjoy a environment-class business vacation practical experience.”

Trip.Biz’s international business enterprise advancement system aims to construct on current consumer wants, to begin with focusing on regional expansion throughout North and South East Asia, supporting organization consumers expanding in the location and globally.

To down load the Vacation.Biz 2021-2022 Company Journey White Paper in total please contact: [email protected]   

About Team Group is a main international travel support supplier comprising of, Ctrip, Skyscanner, and Qunar. Across its platforms, Group allows travellers all around the planet make knowledgeable and expense-helpful bookings for travel solutions and solutions and permits companions to join their offerings with customers by means of the aggregation of in depth journey-linked articles and assets, and an superior transaction platform consisting of applications, sites and 24/7 client company centers. Launched in 1999 and outlined on NASDAQ in 2003 and HKEX in 2021, Group has come to be just one of the finest-recognized journey teams in the entire world, with the mission “to pursue the perfect vacation for a improved earth”. Obtain out additional about Group below: Group Logo (PRNewsfoto/ Group) Team Symbol (PRNewsfoto/ Group)

About Excursion.Biz

Excursion.Biz is just one of China’s most rapidly increasing business enterprise travel administration organizations, and belongs to Group.
For over 15 years,Journey.Biz has relied on its strong resources, excellent service ability, professional goods, and cutting edge technology to provide services to over 13,000 substantial-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 expenditures.

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