American Express Business Travel Introduces New Corporate Online Solutions for China.SHANGHAI, China -- American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. Business Travel --First Online Solutions Tailored Specifically for the Chinese Business Travel Market Addresses Growing Interest in Online Travel Management --American Express and TravelSky Announce Partnership In response to China's growing corporate interest in online booking, American Express Business Travel today announced the launch of a new corporate online solution - the first solution designed specifically to address the unique needs of the Chinese market. The new solution, American Express Online, will allow both multinational corporations
The use of online booking tools is becoming commonplace around the world, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the American Express International Business Traveler survey. Of the respondents In the context of marketing research, a representative sample drawn from a larger population of people from whom information is collected and used to develop or confirm marketing strategy. surveyed, 61 percent of business travelers worldwide have booked travel online over the past twelve months. The use of online booking is also rising in China - 64 percent of Chinese travelers booked more business trips online over the past twelve months as compared to the previous twelve month period. "Just like their counterparts worldwide, China-based companies are eager to realize the cost-savings and efficiency that come from corporate online booking," said Pierric Beckert, Senior Vice President and General Manager of the Japan, Asia-Pacific and Australia region at American Express. "The explosive growth of the business travel market in China has further fueled interest in online travel management. American Express Online will help the Chinese market convert that interest into reality, in the same way American Express has spearheaded the expansion of online booking in many other countries around the world." American Express Online will enable China-based companies to manage travel expenses and drive cost-savings in three areas. This solution will automate the travel booking process, resulting in a lower transaction cost that is passed back as savings to the customer. It will also provide travelers will clear fare options, prompting the selection of the lowest fare and requiring travelers to provide a reason if the lowest fare is not chosen. In addition, front-end controls within the booking tool will direct travelers toward corporate preferred suppliers and negotiated fares, and exception reports will help companies capture missed savings. "As the world's largest online corporate travel management company, American Express also knows that going online is more complicated than just flipping a switch," Beckert continued. "We are committed to helping our customers implement online travel management through direct involvement from highly-experienced professionals who know how to make online adoption happen." The new American Express Online solution includes features such as: --air and hotel booking tools that include real-time inventory and flight selection and corporate travel policy control --traveler profiles that allows individual travelers to manage and update their preferences and enables the exchange of data with the corporate enterprise technology system --the ability to make reservations and receive travel authorizations via hand-held device --electronic travel authorization that links to the accounting and enterprise technology systems --a traveler tracking system that allows companies to locate their travelers in emergency situations American Express will also provide comprehensive online adoption support to companies using American Express Online. This includes assistance with change management, training and sharing of best practices, as well as navigation and fulfillment support. "Currently, many China-based companies are seeing their employees book travel online using consumer travel solutions, undermining the cost-savings that a corporate travel management policy is intended to deliver," Beckert added. "Because it has been designed with the Chinese business traveler in mind, American Express Online will help China-based companies increase online adoption and keep corporate travelers booking within the company program." The TravelSky Strategic Partnership American Express and TravelSky Technology Limited, a leading provider of information technology solutions for China's air travel and tourism industries, also announced a strategic partnership to guarantee content access over the next three years. TravelSky will become the exclusive GDS GDS Global Distribution System GDS Google Desktop Search (Google) GDS Goodie Domain Service (Vienna University of Technology, Austria) GDS Guards partner for all American Express operations in China. The win-win partnership marks the development of a long-term co-operative relationship which will bring value-added technology, products and services to business travelers. A formal partnership ceremony was held at the American Express Business Travel Global Media Forum in Shanghai. About the American Express China Business Travel Forum and Global Media Forum The China Business Travel Forum (April 13th and 14th) created and hosted by American Express Business Travel and the Shanghai International Conference Management Organization, is a business-to-business educational conference, designed to showcase the business travel industry, foster business relationships and further business travel in China, both internally and externally. The Forum is the first-ever event of its kind in China and will feature more than fifty exhibitors including leading airlines, hotel chains, car rental companies, delegates from government bodies, leading travel suppliers and multi-national corporations in China, and regional corporations. In conjunction with the Business Travel Forum, American Express Business Travel will also host its annual Global Media Forum, which will give journalists from around the world the opportunity to visit the Business Travel Forum and get a firsthand first·hand adj. Received from the original source: firsthand information. first perspective on the rapidly-expanding Chinese business travel market. About American Express Corporate Services Activities that combine or consolidate certain enterprise-wide needed support services, provided based on specialized knowledge, best practices, and technology to serve internal (and sometimes external) customers and business partners. American Express Travel Related Services Company, Inc. operates one of the world's largest travel agency networks, recording $18 billion in worldwide travel sales in 2004. More information on expense management tools from Corporate Services can be found at http://www.americanexpress.com/corporateservices. The American Express Company is a diversified worldwide travel, financial and network services company founded in 1850. It is a leader in charge and credit cards, Travelers Cheques, travel, financial planning Financial planning Evaluating the investing and financing options available to a firm. Planning includes attempting to make optimal decisions, projecting the consequences of these decisions for the firm in the form of a financial plan, and then comparing future performance against , investment products, insurance and international banking. About TravelSky Technology Limited TravelSky Technology Limited (the Company) was founded by all the Chinese commercial airlines and China TravelSky Holding Company. Its core businesses include Electronic Travel Distribution ("ETD ETD abbr. estimated time of departure Noun 1. ETD - a system for screening luggage in airports; an agent passes a swab around or inside luggage and then runs the swab through a machine that can detect trace amounts of "), Airport Passenger Processing ("APP See application. app - application program "), data Networks, Air Cargo air cargo: see aviation. Systems ("ACS (Asynchronous Communications Server) See network access server. "), and Internet-based travel platform. The Company has been devoted to developing leading edge applications and services that address the needs of a wide range of industry participants - ranging from airlines, airports and air travel suppliers to travel agencies, corporate travel consumers, air travel consumers and cargo shippers - to conduct electronic transactions and manage travel-related information. The Company is the only IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: BSP BSP Bromsulphalein, a dye used in the study of liver function. See also sulfobromophthalein clearance test. technology and service provider in China. American Express acts solely as sales agent for travel suppliers and is not liable for the actions or inactions of such suppliers. CST CST abbr. 1. Central Standard Time 2. convulsive shock treatment CST Central Standard Time Noun 1. # 1022318-10, TA# 002- Registered Iowa Travel Agency, TA# 149- Registered Ohio Travel Agency, NV# 2001-0126, ML#1192, Washington UBI UBI Universidade da Beira Interior (Portugal) UBI Unrelated Business Income UBI Unified Business Identifier UBI United Bank of India UBI UKW-Sprechfunkzeugnis für den Binnenschifffahrtsfunk # 600-469-694 |
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