China Travel & Tourism News
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American Express eyes China's business travel market
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5-Mar-2003 - |
American Express intends expanding its business travel services network into 40 more Chinese cities in the next 12 months, a senior company official said in Shanghai.
By then, the company would be able to offer all-round services ranging from network aid, planning and consultancy, to analysis and booking services, said Charles Petruccelli, president of the Global Services of American Express.
A survey by American Express, which already has a joint venture in Beijing, shows China spends up to 10 billion US dollars on travel and related services each year, with 4 to 5 billion US dollars on business travel.
If China keeps up its current growth, within five years it could feasibly boast a vast business travel market close behind those of the United States or Japan, according to American Express.
The past seven months have seen a rocketing sales income growth rate of 200 percent for the CITS-American Express Travel Services Ltd, a joint venture co-sponsored by American Express and the China International Travel Service (CITS), a travel leader in China.
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5-Mar-2003 - |
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