Thursday, 13 December 2018

China will be the largest air travel market by 2020!

Air travel demand in China remains high and the country is expected to become the world's largest air travel market by 2020, according to Beroe Inc., a procurement intelligence firm.

The firm thinks many air carriers are now modernising their fleet to incorporate more fuel-efficient aircraft. It also says that traditional car hire companies are facing strict competition from ride-sharing and cheap taxi app-type firms such as Uber and Lyft. The environment will play an important part on business development and many large companies are deploying travel and expense management software to manage and audit expenses related to travel and entertainment. Mobile technology has had a significant impact on the global corporate travel industry, fueled by an increased smartphone adoption and internet penetration. 

Gosh, what wonderful insight!