China's travel market attracts foreign firms.

Australasian Business Intelligence, February, 2003

Feb 17, 2003 (The Asian Wall Street Journal - ABIX via COMTEX)

Including trips to Hong Kong, Chinese business travellers spend between $US5.3 and $US6 billion a year on overseas corporate travel. With the Chinese economy growing at eight per cent in 2002, foreign travel service companies such as American Express, Rosenbluth International and Carlson Wagonlit Travel are keen to secure a slice of the business travel market. However, it may take a decline in the Chinese economy for foreign firms to win business from their Chinese rivals. Chinese business travellers tend to place a high importance on maintaining a personal relationship with their travel agent, and are less likely to seek out the potentially better deals on offer from foreign firms during good...

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