FASCO Travel Management China joins GlobalStar Travel Management

TravelDailyNews International | November 29, 2019

FASCO Travel Management has joined GlobalStar Travel Management as their newest Partner representing China. FASCO was founded in 1984 and is based in Shanghai but has a client base all over China. FASCO is dedicated to Corporate Travel and realise an annual turnover of over US $120 million and employs over 140 staff. Connected to TravelSky and Travelport they were the first official member of IATA in East China. FASCO is also one of the seven executive committee members of IATA. As a leading Chinese local travel management company, FASCO has realised the special nature of foreign companies in the social environment of China based on their strong CAAC aviation background and their rich service experience with more than 600 corporate clients. FASCO has followed the footsteps of the times, innovated high-end personalised service and development of travel systems and provides creative service solutions for key account clients to start a new model of intelligent travel management service. FASCO has developed their own online solutions initially launched in 2007 and kept in development since. Over 50% of FASCO’s client base uses their online booking platform including OBT/APP/WeChat, or intelligent FASCO’s travel systems with many clients’ OA/Finance/Expense systems to achieve more efficiencies, compliance and cost saving targets.

Spotlight

There is a positive outlook for tourism in Saudi Arabia, with strong growth forecast and a wave of investment underway. At a total contribution of SAR 190bn in 2015, Travel & Tourism is currently the second highest contributor to Gross Domestic Product (GDP) growth in Saudi Arabia, albeit from a relatively low base compared to other countries. Inbound tourism is forecast to grow to over 32m trips per annum by 2026, driven primarily by growth in religious tourism. Domestic tourism is forecast to grow to an impressive 66m trips per annum by 2020, driven by growth in both religious and leisure tourism.

Spotlight

There is a positive outlook for tourism in Saudi Arabia, with strong growth forecast and a wave of investment underway. At a total contribution of SAR 190bn in 2015, Travel & Tourism is currently the second highest contributor to Gross Domestic Product (GDP) growth in Saudi Arabia, albeit from a relatively low base compared to other countries. Inbound tourism is forecast to grow to over 32m trips per annum by 2026, driven primarily by growth in religious tourism. Domestic tourism is forecast to grow to an impressive 66m trips per annum by 2020, driven by growth in both religious and leisure tourism.

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