Chinese and Indian corporates continue to increase their travel budgets while spending in the more mature markets of Singapore and Hong Kong is flat-lining.
Eventown Group has announced it is making a full acquisition of event management platform EventDove and its related brands in a RMB90 million cash and share deal.
GBTA found a total of 138.5 million domestic MICE trips were taken and MICE business travelers spent a total of $110 billion during those trips in 2014.
The numbers indicate that China is on track to overtake the US and become the world’s largest business travel market by 2017, despite uncertainties arising from China’s slowing economy.
Miutrip, a travel management company (TMC) specializes in providing integrated solutions for business travel, announced it has received multi-million investments in its A Round financing.
China's conference industry is booming, with estimated total value above RMB400 billion for in 2014 and Ctrip is C\capitalizing on this trend “Hotel + Venue” channel.
Conference venue search and booking platform HotelGG raised US$20 million in its B Series financing round from - Matrix Partners China, Chengwei Capital and SIG China.
Chinese versions of Amway, Avon and Herbalife are taking reward travel for its salespeople to an extreme by sending thousands abroad on package tours.
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