The Company Executives Travel Budget Increased By 4.79% This Year.

"Despite slowing growth in China's economy, executives said their travel budgets increased by 4.79% over the previous year, exceeding the 3.1% expected in 2014.

49% of enterprises regard travel as an "investment" rather than "necessary expenditure", compared with last year, the number of such enterprises increased by 11%.

In addition, 74% of the companies interviewed said that travel procurement would be decided by the company's sales and project planning.

In November 26th, the CITS express business trip released the "barometer of China business travel survey 2015" in the Eleventh China Business Travel Forum (CBTF).

According to the report, 45% of the companies surveyed indicated that their travel budgets were basically the same as those in previous years. 43% of the companies said that the budget increased by 34% compared with 2014. On the contrary, 12% of the companies indicated that their travel budgets had been reduced, a 17% decrease compared with the previous year.

"Despite the relatively severe economic situation in China, companies are continuing to increase their annual travel expenses.

Business people are aware of the importance of travel to business growth.

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They will pay more attention to achieving top line growth and improving the efficiency of travel budgets.

Macro Prllizzer, vice president of China and Hongkong region, is an analysis.

The barometer of China business travellers is an annual report on the status quo of China's business travel market and the forecast of its future development trend.

In 2015, a total of 188 top Chinese executives were surveyed.

They came from small businesses ranging from 100 to less than 500 or more.

These enterprises are located in China's major economic regions such as North China, Guangzhou and Shenzhen.

Most of the companies surveyed are in manufacturing, technology, financial services and pharmaceutical industries.

In addition, barometer report also pointed out that Chinese business travel and business development goals began closer integration.

The survey shows that the difference between domestic and overseas travel expenses is basically unchanged, but the expenditure for purely overseas business travel is 6% higher than that of the same period last year.

Due to the increasingly extensive international vision of Chinese companies and the continuous expansion of overseas expansion, the number of purely overseas business trips has increased significantly in recent years.

General meetings, incentive tours, large enterprise conferences and event exhibitions (MICE) still play an important role in the company's business development.

In this regard,

According to the analysis, "local and multinational companies based on China are increasingly looking forward to simplifying the operation of travel management projects. They recognize the benefits of economies of scale and clearly recognize the shortcomings of repeated resources".

It is noteworthy that technology has begun to play an important role in business travel.

The survey shows that about 89% of companies use online tools to manage business trips, and this behavior is becoming more common.

However, only half of the companies (42%) use specialized business tools, and most companies still rely on the general travel agency website.

Therefore, the development of more business travel customized business tools will be an optimistic prospect.

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Therefore, it is another opportunity to encourage business travelers to use online tools wider and more frequently.

At the same time, mobile applications continue to be popular. 57% of companies say that the most important factor in choosing a travel agency is whether they can provide support for mobile applications.

Prllizzer said, "the impact on China's economy and other Asian countries is obvious from the factors inside and outside China.

China is no longer restricted by geographical boundaries. Chinese business leaders are increasingly recognizing the importance of travel to the development of the company.

They want to increase the related expenses and use technology to make travel items more efficient.

In addition, they are more involved in assessing the overall travel activities and understanding the return on investment.

The relationship between the company and the travel agency is also becoming more and more closely related. They seek greater efficiency by seeking expert advice and professional tools.