Trip.com Group’s corporate travel arm, Trip.Biz, recently released its Corporate Travel Management Market White Paper, taking a closer look at the Chinese mainland’s business travel market and trends.
Companies in China are optimistic about the resumption of corporate travel as border policies relax, and flight capacity gradually resumes. According to Trip.Biz survey data, 84.5% of companies expect an increase in domestic business travel budget for 2023, while 74.5% expect an increase in international business travel budget.
This sentiment is carried across the global business travel market. In August 2022, the GBTA (Global Business Travel Association) estimated that worldwide business travel would recover to 81% of its pre-pandemic level in 2023, while the Chinese market would reach about 75% of its pre-pandemic level in 2022 and 89% in 2023, with an 18.9% increase in business travel spending.
Business travelers are increasingly eager for a comfortable, safe, and efficient travel experience. Trip.Biz survey data suggests greater demand for fast-track security lanes, flexible change & cancellation policies, and quality hotel service.
Many employees are embracing bleisure travel, with over 90% of business travelers in Trip.Biz survey stating they may visit local tourist attractions or historical sites at their own expense during a business trip. 38.4% of business travelers expect to have more leisure time in the local area. Business travelers believe that developed cities or scenic destinations offer the most when undertaking business travel.
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