THE first agency formed from a joint venture between
American Express and China International Travel Service has opened in Beijing.
The business travel operation called CITS American Express
Travel Services provides business travel services to multi-national companies
including flight and hotel reservations and ticketing. China is potentially a
very lucrative market for travel management companies with $10.3 billion spent
on travel and entertainment expenses every year of which $4.2 billion are business
travel expenses.