And Ctrip Compete For The Travel Market, Ali Travel Free Card.

Ali business travel released the latest version 2, and Alibaba group issued 1 billion yuan gift package to help business promotion.

In February 21st, Ctrip also released an upgraded version of Ctrip business travel App at the 2017 Asia Pacific Business Travel summit of the main board, and it has been moving frequently from the end of last year to the beginning of this year.

According to the data released by Ali business travel, it acquired nearly 10 registered enterprises in a few days in October last year, mainly serving small and medium-sized enterprises.

On the one hand, Ali business can provide a full chain of services. On the other hand, the services of Ali business travel are currently free of service charges, unlike large travel service companies which need to charge higher fees.

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The new version of Ali's business trip can be directly settled by the airline and the hotel through the Ali business platform and the enterprise, and the monthly payment is unified. There is no need for employees to make advances in the course of business trip, nor do they need to handle complicated invoice reimbursement procedures.

Ali business travel can give credit record good business credit, first travel, after the check.

For traditional travel service enterprises, the biggest risk for providing small and medium-sized businesses to travel service is that they can not identify each other.

I am not sure whether the other party can pay the bill on time.

According to Ctrip Travel CEO Fang Ji Qin revealed that Ctrip business currently registered more than 1 enterprises, 6000 active users.

This figure is far less than the 10 announced by Ali business travel, but it does not mean that the business scale of Ctrip business will be smaller. The reason is that Ali business travel is aimed at serving small and medium-sized enterprises, while Ctrip has 120 Global 500 strong enterprises.

According to Ctrip earnings, in 2016, the company's travel income was 608 million yuan, an increase of 29% over the same period.

It accounts for 3% of total revenue in 2016.

Despite the recent momentum of the two countries, China's business travel market is far from being dominated by several giants. The concentration of domestic business travel market is far below that of foreign countries.

According to the data from AI consulting, the CR4 (the top four share concentration index) of North America and Europe is over 60%, while the Chinese market accounts for only 18%. The top 4 are Ctrip, Naka Yoshinobu, CTO express and BCDTravel (2014), of which Ctrip accounted for 7.4%.

There are still a large number of offline travel agencies and air ticket agencies engaged in travel service industry in China.

The 2016 white paper on travel management industry shows that the scale of China's travel market in 2016 reached US $290 billion, second only to the United States.

Experts predict that China's travel expenditure market will grow at a rate of at least 10% in 2017, replacing the United States as the world's largest travel market.

A travel service company can save the cost by booking products at the agreed price for the enterprise, and provides a tool for managing the internal travel matters within the enterprise.

Although the cake of the travel market is huge, but unlike the United States, China's industry concentration is not high, far from being dominated by several giants. There are still a large number of offline travel agencies and air ticket agencies in the travel service industry.

The North American and European travel market CR4 (the industry's top four share concentration index) exceeded 60%, while the Chinese market accounted for only 18%. The top four were Ctrip, Naka Yoshinobu, CTO express and BCD Travel (2014), of which Ctrip accounted for 7.4%.

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