China: Oakwood has opened an office in Beijing, to better serve companies expanding their reach to China.
The company says the new office will help it to aid their customers in navigating “the complexities of doing business in the world’s largest corporate travel market”.
With the establishment of a Beijing office, Oakwood is able to bill in local currency and issue fapiao, a legal receipt that serves as proof of purchase for goods and services. This not only allows companies to be reimbursed for taxes, it provides documentation to ensure that individuals are reimbursed for business expenses.
“For many of our clients, having a foothold in China, with a local office and trained staff that understands local nuances, is a key requirement for servicing multinational accounts. Our clients will be assured of a trusted global partner who understands their corporate travel and relocation needs, and we can better manage their booking requests,” said Dean Schreiber, interim chief executive officer, Oakwood and managing director, Oakwood Asia Pacific.
“Oakwood’s expansion in China is an exciting, important step as we continue to enhance our housing solutions across the Asia Pacific region, and explore new ways to service our clients and provide value,” Schreiber added. “Oakwood currently has nine branded properties in China, including Beijing, Guangzhou, Hangzhou, Sanya, Shanghai, Suzhou, and Yangzhou with more to come.”</p
