Travel cost management
Print Edition
CHINA’S corporate travel market is evolving rapidly as more companies see the need to manage travel costs effectively, a latest industry report said.
More companies are opting to use online booking tools and launching company credit cards, the China Travel Trends Report released yesterday by UK-based global corporate services company HRG said.
“Demand for structured corporate travel management is increasing in China as companies have realized the vast benefits of doing so, especially in the control of travel and related expenditure costs,” said Yates Fei, general manager of HRG China.
“We have noticed a change in every part of the business ... the classic travel management model has evolved into a wider deployment of online booking tools, while invoice payments now employ various credit platforms, simple air spending management now includes the management of all travel and entertainment expenses.”
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