BCD Travel Acquires Controlling Stake In Asia Joint Ventures
BCD Travel has signed an agreement to take a majority ownership in its China and Hong Kong joint ventures. The agreement includes BCD Travel China and BCD Travel Hong Kong, which will be combined to create the new BCD Travel Greater China.
BCD Travel Greater China will employ more than 470 people and operate from three offices in China and one in Hong Kong. The company made the purchase at a time when the demand for corporate travel services in China is increasing, BCD said.