In a recent LinkedIn article, “The Business of Mobility: Emerging Trends in China’s Corporate Travel for 2024,” BCD Travel’s Managing Director North Asia, Jonathan Kao, examined the emerging trends that he believes are reshaping corporate travel in China. Each trend is distinct, but together they form a blueprint for the future of business mobility in China. This new report, with insights from Kao and William Tang, Senior Director, Operations, BCD Travel China, covers the following trends and developments:
- China’s travel recovery – the outlook for air travel and the return of airline capacity.
- China’s economic slowdown and corporate travel –how travel managers are responding to China’s economic underperformance.
- Changing the way employees work and travel – the shift to virtual meetings and the appeal of bleisure travel.
- Data-driven travel management – how data analytics are enhancing efficiency and cost effectiveness.
- The government’s anti-corruption drive – how this has affected life sciences companies, in particular.
- Reducing risks for travelers and their personal data – developments in risk management and safeguarding employees’ personal information.
- Sustainable travel – how China is embracing eco-friendly practices, including the shift to high-speed rail for domestic business trips.
“With an acute awareness of the horizon’s challenges and potential, China’s corporate travel sector isn’t merely reacting to the winds of change; it is steering towards them,” Kao wrote. “As organizations contend with economic pressures, technological evolutions, and an evolving workforce, their travel strategies evolve correspondingly, redefining global business travel norms. Corporate travel in China isn’t static; it’s moving forward on a thrilling journey of discovery and innovation, as vivacious and promising as the business opportunities it serves to enable.”
DOWNLOAD THE REPORT
