China Tourism Group

China Tourism Group Corporation Limited, also known as Hong Kong China Travel Service (Group) Co., Ltd., is a key state-owned backbone enterprise directly managed by the central government and one of the central enterprises headquartered in Hong Kong. The Group's history dates back to August 15, 1923, when the Travel Department of Shanghai Commercial and Savings Bank was established. After a century of development, the Group has formed an industrial layout consisting of eight business units: CTS Travel, CTS International, CTS Investment, CTS Duty-Free, CTS Hotels, CTS Development, CTS Assets, and CTS Cruises. Its network spans nearly 30 countries and regions in mainland China and overseas. The Group brings together many well-known tourism brands such as Hong Kong China Travel Service, China International Travel Service, China Travel Service, and China Duty Free Group. It is the only central enterprise with tourism as its core business and is currently a leading tourism enterprise in China with the longest development history, the most complete industry chain, the largest operation scale, and high brand value. As of the end of 2022, the Group had over 45,000 employees, total assets exceeding 210 billion yuan, and 655 wholly-owned or holding companies, receiving approximately 50 million tourists annually. Currently, the basic situation of the Group's tourism core business is as follows:
China Tourism Group Travel Service Co., Ltd., abbreviated as "CTS Travel", is the basic business of the Group. The company operates inbound tourism, outbound tourism, domestic tourism, customized tours, MICE business, business travel services, visa services, etc. It has 70 branches in 33 overseas countries and regions, and nearly 100 subsidiary enterprises in 25 provinces, municipalities, and autonomous regions in China. Its B-end business is currently the largest; visa services operate Chinese overseas visa centers in 30 countries and regions, with the largest market share.
Hong Kong China Travel Service International Investment Co., Ltd., abbreviated as "CTS International", is the flagship of the Group's tourism investment and operation business, committed to becoming a first-class investment and operation service provider for tourism destinations. The company's main business includes investing in and operating tourist attractions and related businesses (theme parks, natural and cultural scenic areas, leisure resorts, and tourism supporting services), travel document and related services, hotel business, cross-border passenger transport, etc. As of November 2023, the company has invested in and operated over 50 high-quality scenic areas and resorts globally, including 16 5A scenic areas, 14 4A scenic areas, 2 world cultural heritage sites, and many popular online-famous check-in spots, receiving nearly 30 million tourists annually.
China Tourism Group Investment and Operations Co., Ltd., abbreviated as "CTS Investment", also known as Hong Kong China Travel Service (Shenzhen) Investment Development Co., Ltd., is a key strategic business of China Tourism Group. As a subsidiary of one of the 16 central enterprises confirmed by the State-owned Assets Supervision and Administration Commission of the State Council to have "real estate development and operation" as their main business, it focuses on deep cultivation of the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta region, with selective layout in the middle and lower reaches of the Yangtze River and the Chengdu-Chongqing urban agglomeration. The main cities covered include Beijing, Shanghai, Guangzhou, Shenzhen, Suzhou, Hangzhou, Ningbo, Chengdu, Xi'an, Qingdao, Xiamen, Wuhan, Sanya, Haikou, etc. Positioned as a "distinctive, high-quality" urban real estate developer, it relies on its comprehensive urban development and operation capabilities to mainly carry out two major business segments: urban real estate development and "real estate+".
China Tourism Group Duty Free Co., Ltd., abbreviated as "CTS Duty-Free". The tourism retail business with duty-free as its core is the Group's flagship business. The company holds a comprehensive duty-free license and has established long-term stable cooperation with over 1,200 world-renowned brands. Currently, it operates more than 200 duty-free stores in mainland China, Hong Kong, Macao, Taiwan, and overseas. At present, it ranks first in the global industry, among which Haikou Xinhai Port Duty-Free City is the world's largest single duty-free store. "China Duty Free" is a leading stock in the tourism sector of the domestic capital market and has been selected as one of the "Top 20 Best A-share Listed Companies".
China Tourism Group Hotel Holdings Co., Ltd., abbreviated as "CTS Hotels", owns brands such as "Metropark International", "Metropark", "Rui Jing", and "Lv Ju". Currently, the company has nearly 200 hotels under sole proprietorship, joint ventures, entrusted management, franchising, leasing, and third-party management, with about 50,000 guest rooms, mainly located in China, the United Kingdom, and Thailand. Among them, China covers more than 40 mainland cities and Hong Kong and Macao; the UK spans over 30 cities; and it also covers Thailand, Laos, Brazil, Portugal, and other countries.
Hong Kong China Travel Service Development Co., Ltd., abbreviated as "CTS Development", was transformed and renamed from the original China Tourism Group Financial Investment Co., Ltd. in September 2022 to implement the central government's requirements and the Group's strategy of "rooting in Hong Kong and refining overseas". After the transformation, CTS Development serves as the Group's "core business extension development platform" and "new industry incubation platform" in Hong Kong, mainly focusing on Hong Kong businesses, including consumer finance (Prime Credit), property management, security services, warehousing, and other Hong Kong livelihood industries. Its subsidiary Prime Credit has 25 branches and 3 telesales and service centers in Hong Kong, making it the largest non-bank consumer credit service company in Hong Kong. Kaifu Property Service Co., Ltd. provides community life services to over 200,000 grassroots citizens in Hong Kong.
China Tourism Group Investment and Asset Management Co., Ltd., abbreviated as "CTS Assets", is an important subsidiary of China Tourism Group engaged in asset operation management and strategic investment incubation business, with a registered capital of 1 billion yuan. It has a total of 33 wholly-owned, controlling, and participating enterprises, with business covering commercial and office property management and operation, tourism transportation and sightseeing, self-driving tours and RVs, asset management and disposal, and tourism culture and media. CTS Assets actively expands new forms of tourism transportation, new forms of tourism media, and new tourism sightseeing products through the management of existing assets and investment incubation of incremental businesses, building a professional and market-oriented investment and asset operation platform.
CTS Cruises (Hainan) Co., Ltd., abbreviated as "CTS Cruises", is committed to building a national cruise brand. Currently, it has incubated two projects: Star Cruises and South Sea Cruises. The "Gulangyu" under Star Cruises is the first international luxury cruise ship in China to be independently operated and managed by Chinese enterprises and the first to obtain Hainan's no-destination sea tourism qualification; while the "Nanhai Dream" under South Sea Cruises operates the Sanya-Xisha route.