How To Manage The Road With Chinese Characteristics?

Recently, ACTE (Association of Corporate Travel Executives), which is committed to the development of global business travel management, visited the North China branch of Ctrip business and conducted a field visit with Ctrip business travel management experts to explore the difference between the current domestic and international travel management industries, and the development trend of the travel management companies with Chinese characteristics under the new domestic economic and policy environment.

ACTE is a non-profit international organization dedicated to the development of global business travel management. It promotes the development of education, public safety and credibility in the business sector, and makes business travel more efficient and professional.

It provides services for the business travel industry in 102 countries around the world.

ACTE provides training and consulting services to infiltrate the world's about twelve million business travellers.

The earliest in China

The company was founded with foreign enterprises stationed in China, and the travel management company is an exotic product in China.

Compared with the industrial development and accumulation of foreign developed countries for decades, China's business and tourism industry has shown astonishing strength in the speed of development, but still faces many development bottlenecks.

The ACTE's overseas experts and Ctrip's experts have launched in-depth discussions on the differences between Chinese and foreign travel management.

Ctrip experts say that the penetration rate of China's travel management is relatively low, less than 10%, while the penetration rate of mature markets in Europe and the United States has reached more than 40%.

Behind the low popularity rate is the weak sense of travel management, and only 27% of the enterprises in northern Guangzhou and Shenzhen are four cities with a good understanding of travel management. Up to 34% of enterprises have not even heard of it.

In addition to the low penetration rate, China's travel management industry concentration degree CR4 (the top four market share) also accounted for only 18%, which is far from the level of the British and German French CR4>60%.

With the domestic

More frequent demand, future travel management

Showing a continuous upward trend.

According to AI's monitoring data, China's travel management market is expected to enter a rapid growth trend starting in 2017 and is expected to exceed 200 billion in 2018.

With the enhancement of enterprise's sense of travel management, more and more business managers hope that the providers of travel management can deeply integrate with the enterprises in the front end and back end ecological chain, and realize the integration of travel management and control.

The so-called front and rear businesses mainly include cost control, office and other software service providers, banks and the three party payment and other payment side, data integration and security relief service providers.

Ctrip, a leading travel management company in China, has achieved extensive cross-border integration with enterprise services such as WeChat enterprise, Zhiyuan, cloud home, Ming Dao and ban chat IMO.

In the future, it will also cooperate with more mobile office software, data security system and the three party payment platform.