Expedia Corporate Travel sees China growth speeding up
April 18, 2008 | Online Travel
Fewer than one in five companies in China currently uses a travel management company, leaving room for explosive growth, said Jean-Pierre Remy, president of Expedia Corporate Travel.
Online travel agency Expedia Inc’s corporate travel unit expects growth in China’s corporate travel services market to speed up substantially from its current pace of 20 to 30 percent a year, said Jean-Pierre Remy, president of Expedia Corporate Travel.
He said Expedia, which entered China last November, is not a late comer to the market, where major rival American Express has a head start of many years.
China’s business travel market is worth $10 billion, the world’s fourth-biggest, according to American Express.
Get the full story at Reuters
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