Small- and medium-sized Chinese companies will become a major source of business travel growth, spending a potential 100 billion yuan ($14.5 billion), said Fang Jiqin, chief executive officer of Ctrip Corporate Travel. He said cheaper, smarter travel management services are needed for Chinese firms to lower costs and boost efficiency. The Ctrip report also said there was room for industry consolidation in China, with 80 percent of the national market dominated by small and unprofessional business travel service providers. Source: China Daily Read also "China’s Ctrip Will Focus on Domestic Hotels Following International Spending Spree" at Skift