Ctrip Corporate Travel Launches 'Zhaocaitong' to Upgrade Negotiated Hotel Procurement

Key points

• Ctrip Corporate Travel launched the 'Zhaocaitong' platform, offering corporate clients a full-chain solution covering procurement analysis, performance monitoring and data review.
• The platform has five core modules: intelligent hotel recommendations, precise procurement, online contracting, performance monitoring and insight analysis, enabling end-to-end online and data-closed-loop management of negotiated hotels.
• Data from Ctrip Corporate Travel's travel report platform shows companies can save about 19% of travel costs on average by signing tripartite negotiated rates, with potential cost optimisation of 10%-25%.
• Ctrip Corporate Travel covers more than 1.9 million hotels, of which group chain hotels account for about 35%, with the rest being numerous dispersed independent and regional hotels.
• According to Ctrip Corporate Travel data, Zhaocaitong's resource optimisation matching can raise corporate negotiated hotel usage to over 70%.
• A case shows a large Chinese outbound company added 110 quality negotiated hotels and signed four group-level discount agreements via Zhaocaitong, expanding discounted resource coverage from 14 to 1,252 cities and expecting annual travel cost savings of nearly RMB 9 million.