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China's business travel market bullish

12-02-2010 09:59 BJT

The global economic recovery has breathed life back into the business travel market. At an industry forum in Shanghai, insiders were optimism for the global revival of the industry. And there are big expectations for the Chinese market.

The first of its kind here, this year's China Business Travel Forum has attracted 1200 attendees from the industry. 40 foreign companies are here too, to drum up business.

Many are bullish on China's business travel market.

Chen Bichun, Jinjiang Int'l Hotel Management said "China's market will continue to grow. This is a huge demand."

At the forum, American Express, one of the largest industry players, has made some predictions. It expects air travel and hospitality prices to go up by 10 percent next year.

The company also forecasts 17-percent growth for the Chinese mainland market, the highest in the Asia-Pacific Region.

With the industry's recovery and rising business travel prices, American Express expects an growing number of service providers to expand their presence online.

Editor:Xiong Qu |Source: CNTV.CN

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