“In 2016, China surpassed the United States to become the world's largest business travel market. According to the latest research data from the Global Business Travel Association (GBTA), the growth rate of China's business travel market may slow down in 2017, but it will still grow at a rate of 8.4%. And continue to maintain the world's largest scale.†Mi Hui, Chief Commercial Officer and Board Member of AirPlus International, Germany? In an interview with reporters, Mr. Wilhelgen said that this development trend of the Chinese business travel market is in line with the country's new economic normality and the general tone of work. Chinese business travel managers and business travellers predict that the number of Chinese business travel, business travel expenses, hotel accommodation, flight volume, etc. will not change in the next year, within the range of 40% - 50%. It can be seen that the state of China's business travel market tends to grow steadily.
The 2017 Jiahui International Business Travel Management Research Report shows that Chinese business travel managers are optimistic about the business travel market in the coming year, with 41% of respondents saying that China's economic development is playing an active role in the business travel market. 45% of China's business travel managers predict that the company's business travel volume will continue to increase in the coming year, and this ratio exceeds the average level of Asia-Pacific and global peers, indicating that the Chinese business travel market is vibrant.
In the business travel category, the two most important expenses are still airfare and hotel accommodation expenses. At the same time, more than 44% of Chinese business travel managers believe that these two expenditures will continue to rise. Ms. Wang Wei, General Manager of AirPlus International China, believes that the Asian Infrastructure Investment Bank initiated by China and the proposed “One Belt, One Road†initiative have promoted global economic exchanges and exchange of interests, making human resources, capital and technology resources. Flowing between countries and regions has opened up a broader market space for the vigorous development of China's business travel market.
In the face of rapid development of mobile payments, the attitude of Chinese business travel managers has gradually eased. The proportion of Chinese business travel managers who accepted or considered acceptance increased from 33% in 2015 to 71%. Among the business travelers interviewed, up to 91% said they used to pay for mobile phones, and 60% of them have already settled some business travel expenses with mobile payment products.
When asked, “When choosing a new payment method, what is the first criterion for the company to considerâ€, the two most popular options are “payment security†and “data securityâ€, respectively, which accounted for the Chinese business travel manager. 52% and 42% of the total number. It can be seen that despite the impact of mobile payment, Chinese business travel managers are still weighing this new payment method with a professional and calm attitude. This is why in the Chinese business travel market, cash and credit cards are still the main means of payment.
Mr. Michel Wilhelgen also introduced seven new and new payment solutions that integrate business travel expenses generated by “shared economic services†and “mobile payment†to provide advanced management for business travel managers. tool.
Mr. Wilhelgen said: "With the slowdown in global economic growth and the continued decline in airfare prices, AirPlus International can maintain steady growth, thanks to our continuous efforts in product innovation. The keen market sense and deep understanding of customer needs enable us to rush to the global economic tide and gain market recognition. For example, our mobile payment solution 'Jiahui One Time Payment Account' (AIDA) launched in the past two years, Its sales achieved a 34% breakthrough in 2016. On the other hand, our acquisition of Belgian BCC in the European market will further broaden our market services and enrich the AirPlus product line."
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