/uploads/2016/09/BCD Travel invests heavily in China and Hong Kong

BCD Travel invests heavily in China and Hong Kong

Company takes majority ownership in Greater China market

UTRECHT, Sept 27, 2016 – BCD Travel has signed an agreement to take a majority ownership in its China and Hong Kong joint venture. The agreement gives BCD Travel controlling interest in a new Greater China market, one of the world’s fastest growing economic regions. The agreement includes BCD Travel China and BCD Travel Hong Kong.

“This investment is the result of careful, long-term planning,” said Greg O’Neil, BCD Travel’s president of Asia Pacific. “As the majority stakeholder in our Greater China venture with our trusted partner MF Jebsen, we look forward to enhancing our product and service offerings in this key market.”

The new BCD Travel Greater China will employ more than 470, operating from three offices in China and one in Hong Kong. With a population of 1.4 billion people and an average GDP growth of 6.8% per year, Greater China represents significant opportunity for growth for the company in the Asia-Pacific region.

“Our majority ownership of Greater China demonstrates our aggressive acquisition strategy,” said John Snyder, president and CEO of BCD Travel. “We’re growing in markets where demand for corporate travel services is increasing and where our clients want us to be. Greater China opens up new business opportunities for us in one of the world’s largest markets.”

About BCD Travel

BCD Travel helps companies travel smart and achieve more. We drive program adoption, cost savings and talent retention through digital experiences that simplify business travel. Our 15,000+ dedicated team members service clients in 170+ countries as we shape a sustainable future for business travel. BCD’s leading meetings and events management and global consultancy services complete our comprehensive suite of solutions for all aspects of corporate travel. In 2023, BCD achieved US$20.3 billion in sales. For more information, visit www.bcdtravel.com.