China becomes the second largest tourism market in the world

[May Point Network] The "Business Travel Management Research Report 2009" released by Guojiahui International shows that China has become the world's second largest tourism market after the United States. The report shows that despite being...

[May Point Network] The "Business Travel Management Research Report 2009" released by Guojiahui International shows that China has become the world's second largest tourism market after the United States.

The report shows that despite the financial crisis, 75% of Chinese companies participating in the survey said they were not affected. About 35% of them are under investigation

China Merchants Bank 16.08+0.201.26% Air China 14.00-0.29-2.03% of the company said that its business travel management spending will continue to grow, mainly in air, hotel and other modes of travel.

In AirPlus International's survey of 15 countries around the world, 44% of travel managers and procurement specialists involved in market research predict that travel management will be negatively affected. However, only one-fifth of Chinese companies with large budgets for business travel are expected to face adverse impacts on business travel management.

Headquartered in Germany, AirPlus International is a subsidiary of Lufthansa and the Bavarian Bank of Germany. It provides travel payment solutions for 33,000 companies worldwide, and 90% of its business comes from the European market.

The chairman of AirPlus International Executive Board Dai Baike revealed to CBN that in 2010 the company hopes to recover the market lost due to the financial crisis and will actively explore customer groups, especially emerging markets such as China.

Wang Wei, general manager of AirPlus International China, also said that AirPlus International's business has just started in China. At present, it has established long-term strategic cooperation with Air China and China Merchants Bank. The key targets for 2010 are multinational companies and local state-owned enterprises in China. And listed companies, foreign-funded small and medium enterprises. (First Financial website)

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