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Chinese Travel Market Continues to Grow and Enjoy Better Travel Management

Bad Credit Credit Creditres American Express Business Travel has announced the results of its second Survey of Corporate Travel Management Practices covering China in conjunction with the first American Express China Business Travel Forum (CBTF).

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Bad Consolidation Credit Debt Findings from the report were presented at the CBTF and provided research information that assists organisations in conducting a critical review of their Travel & Entertainment (T&E) management practices with a view to achieving more cost-effective solutions. The first American Express Business Travel survey for this market was conducted in 2003.

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Bad Company Credit Repair Chinese market highlights from this years Barometer included:
* Meals and entertainment remained the largest expense category accounting for 39% of total T&E expenditure
* Organisations in the large market segment reported a 25% increase in average T&E expenditure over 2003 results
* 42% of organisations surveyed expect their T&E expenses to increase in the coming year, with an average expected increase of 17%
* Of the employees in the organisations surveyed, 36% travel on business trips (both domestic and overseas) versus 25% last year
* According to the survey, the air travel expenditure break down is 65% economy, 25% business class, 10% first class

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Bad Card Credit Credit According to the surveyed companies, the finance, insurance, real estate and business services expenses are almost three times larger than wholesale, retail trade and distribution sectors.

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Bad Car Credit Loan Travel management practices highlights from this years Barometer included:
* Large companies travel management practices are becoming more structured
* Travel policies, when they exist, are being reviewed in a more formal manner than before
* 55% of organisations surveyed declare that they follow a formal written T&E policy
* T&E policies are increasingly communicated through new technologies
* 23% of organisations expected to be using interactive online booking tools within 12 months
* Use of cash for payment of T&E expenses remains predominant

Amit Taneja, Managing Director, Desiya, said, "With our association with MSN India, we will be able to deliver the best online travel services to the Indians here as well as abroad." "In India, Commerce market is about $240 million, out of which $120 million constitute the travel market. This market is expected to grow to $1 billion by 2010 India." The agreement would enable us to offer composite packages for all travel related services to our customers, Rajnish concluded.

Bad Credit Loan Mortgage The American Express Business Travel Barometer is the first of its kind and analyses the various aspects of T&E practices, said Charles Petruccelli, President of American Express Global Travel Services. Our barometer delivers us the knowledge we need to understand and therefore, grow successfully in the given market. Through our survey, we have learned that Chinese organisations which are structuring their T&E expenses are looking primarily for four major services from their travel management partners: Access to negotiated rates and quality of delivery; one single travel management company across China; Ability to collect data on travel spend and ability to help promote control and compliance.

Auto Bad Credit Loan The Barometer survey was conducted by Jones Donald Strategy Partners and the results are based on the responses of 150 participants from organisations with 50 and more employees, representing five key industry sectors. The sample was designed and responses analysed to ensure they reflected the distribution of organisations by industry sector and organisation size across Shanghai, Beijing and Guangzhou. The sample included organisations representing four major size categories, from organizations with 50-99 employees to organizations with 500 and more employees.

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