1. Group profile
China Tourism Group Co., Ltd. and Hong Kong China Travel Service (Group) Co., Ltd. is an important state-owned backbone enterprise directly managed by the central government. It is also one of the three central enterprises headquartered in Hong Kong. The predecessor of the group is the Hong Kong Branch of China Travel Service established by patriotic banker Mr. Chen Guangfu in 1928. After more than 90 years of development, the group has formed an industrial layout composed of six major businesses: travel service, tourism investment and operation, tourism retail, hotel operation, tourism finance and strategic innovation incubation. Its network covers nearly 30 countries and regions in the mainland, Hong Kong, Macao and overseas. The group has gathered many well-known tourism brands, such as CTS Hong Kong, CITS, CTS, China immunity, and is currently the largest central tourism enterprise in China. By the end of 2019, the group has 43000 employees and total assets of nearly 130 billion yuan. There are 584 wholly-owned or holding enterprises, receiving more than 60 million tourists each year. At present, the basic information of the group's six secondary companies is as follows:
China Tourism Group Travel Service Co., Ltd. Travel service business is the foundation business of the group. The company is engaged in inbound travel, outbound travel, domestic tourism, customized tourism, awards business, business travel, visa and certificate business, etc., and has nearly 3000 business outlets at home and abroad. The certificate business operates visa centers outside China in 25 countries and regions, with the first market share. Entrusted by the Ministry of public security, it exclusively handles the "mainland travel permit for Hong Kong and Macao residents" and "mainland travel permit for Taiwan residents" in Hong Kong.
China Tourism Group investment and Operation Co., Ltd. Tourism investment and operation business is the core business of the group. At present, it owns and operates 30 scenic spots and resorts; it develops and operates green tourism real estate and urban leisure real estate, and moderately develops urban owned commercial real estate; Tianchuang company, which is engaged in tourism performance, is awarded the title of "national cultural export key enterprise"; tourism passenger transport business is the main operator of cross-border land and water passenger transport in Guangdong, Hong Kong and Macao First, the "Dawan district" has been fully covered by 9 + 2 cities.
China Tourism Group China exemption Co., Ltd., referred to as "China Travel duty-free". The tourism retail business with tax-free as the core is the group's fist business, with a comprehensive tax-free license. At present, it has opened more than 200 duty-free shops in the mainland, Hong Kong, Macao, Taiwan and overseas, among which Sanya International duty-free city is the world's largest single city duty-free shop. The group's duty-free business ranks the fourth in the global industry, and is a leading stock in the tourism sector of the domestic capital market, and has been selected as the "top 20 best listed companies of a share".
China Tourism Group Hotel Holding Co., Ltd. (hereinafter referred to as "CTS Hotel"). The company has three series of characteristic brand hotels of "Weijing", "Ruijing" and "sojourn". It owns and manages nearly 200 hotels in the mainland, Hong Kong, Macao and the United Kingdom, with more than 48 rooms, Among them, the mainland hotels cover more than 60 cities such as Beijing, Nanjing, Hangzhou, Suzhou, Chongqing and Shenzhen; 42 hotels in the UK cover London, Leeds, Birmingham, Lincoln, Portsmouth, Brighton and other cities.
China Tourism Group Financial Investment Co., Ltd. The company has tourism industry fund, tourism characteristic bank, financial leasing company and Hong Kong Anxin credit company. Among them, Andersen Hong Kong has 34 branches in Hong Kong, which is the largest non bank consumer credit service company in Hong Kong.
China Tourism Group investment and Asset Management Co., Ltd. The company has 47 wholly-owned, holding, trusteeship and joint-stock enterprises. Its business involves commercial real estate, commercial complex, property operation and management, tourism passenger transport, asset management and disposal, etc.
In addition, the group is currently incubating new tourism formats such as cruise and RV. The group has two cruise lines: "dream of the South China Sea" operates Sanya Xisha route, and Gulangyu cruise is the first luxury intercontinental cruise line operated independently in China. RV business has opened up the Sichuan Tibet line, Yunnan Southeast Asia outbound line and other boutique RV tourism routes.
With the purpose of "serving the public and creating happiness", China Tourism Group Co., Ltd. earnestly performs the political, economic and social responsibilities of central enterprises, plays a leading role in the tourism industry, and strives to become a world-class tourism industry group with excellent product innovation ability, resource endowment and global competitiveness.
2. Development history
In 1927, Shanghai Commercial savings bank established China Travel Agency in Shanghai, which is the first travel agency in China.
In 1928, the Hong Kong Branch of China Travel Service was established.
In 1949, the Shanghai Commercial savings bank announced the termination of the public-private partnership and its withdrawal from the mainland business, including travel agency business.
In 1949, Xiamen Overseas Chinese service agency was established, which was the first travel agency in New China.
In 1954, the head office of China International Travel Service was established. In the same year, Hong Kong China Travel Service Co., Ltd. was officially registered in Hong Kong.
In 1957, the head office of overseas Chinese travel service was established.
In 1974, the name of "China Travel Service head office" was added while "overseas Chinese Travel Service head office" was retained.
In 1984, China duty free products (Group) Co., Ltd. was established.
In 1985, Hong Kong China Travel (Group) Co., Ltd. was established on the basis of Hong Kong China Travel Service Co., Ltd.
In 1990, China Travel Service (Group) company was established on the basis of China Travel Service head office.
In 2004, China International Travel Service head office and China duty free goods (Group) Co., Ltd. were merged and reorganized into China International Travel Group Co., Ltd.
In 2005, after integrating the "China Merchants Tourism Corporation" affiliated to China Merchants Group, China Hong Kong China Travel Group Corporation was established, and Hong Kong China Travel (Group) Co., Ltd. was implemented with the management system of "two brands and one team".
In 2007, China Travel Service (Group) company was formally incorporated into China port China Travel Group Company.
In 2016, China port China Travel Group Corporation and China National Tourism Group Co., Ltd. implemented strategic restructuring to establish China tourism group company.
In 2017, China Tourism Group Corporation implemented the key work requirements of the state owned assets supervision and Administration Commission of the State Council to comprehensively deepen the reform of state-owned enterprises, completed the reform of "company system", and officially changed the name of the company to "China Tourism Group Co., Ltd.".
In 2018, in order to help the construction of Hainan International Tourism Island and free trade port, the group's domestic headquarters officially moved to Haikou City, Hainan Province.
In 2019, the unveiling ceremony of the group's domestic headquarters and China immunity (Hainan) operation headquarters Co., Ltd. was held in Haikou City. In the same year, the group launched a new brand image.
In 2020, the group further improved and optimized its brand system, and renamed its six major business carriers into China Tourism Group Travel Service Co., Ltd. (CTS travel), China Tourism Group investment and Operation Co., Ltd. (CTS investment), China Tourism Group China exemption Co., Ltd. (CTS duty-free) and China Tourism Group Hotel Holding Co., Ltd. (CTS Hotel) ）, China Tourism Group Financial Investment Co., Ltd. (CTS Finance), China Tourism Group investment and Asset Management Co., Ltd. (CTS assets).