Overview of China Tourism Group Co., Ltd

Overview of China Tourism Group Co., Ltd

China Tourism Group Limited (CTG), also known as Hong Kong China Travel Service (Group) Limited, is an important state-owned backbone enterprise directly managed by the central government, headquartered in Hong Kong. The history of the group can be traced back to the Travel Department established by Shanghai Commercial Savings Bank in 1923. After a century of development, CTG has formed an industrial layout consisting of travel agencies, scenic spots, hotels, duty-free, tourism transportation, document services, cruise ships, real estate, and comprehensive business in Hong Kong. Its business network covers more than 30 countries and regions in mainland China, Hong Kong, Macao, and overseas.

business scope

CTG's business scope is extensive, mainly including the following aspects:

Travel agency business: covering inbound tourism, outbound tourism, domestic tourism, customized tourism, incentive services, business travel services, visa services, etc. The group has 70 branch offices in 33 countries and regions overseas, and nearly 100 subsidiary enterprises in 25 provinces, municipalities and autonomous regions within the country.

Tourism investment and operation business: Through Hong Kong China Travel International Investment Co., Ltd. (China Travel International), the group invests in and operates over 50 high-quality scenic spots and resorts worldwide, including 17 5A scenic spots and 15 4A scenic spots, receiving nearly 30 million visitors annually.

Duty free business: Possessing a comprehensive duty-free license, we have opened over 200 duty-free shops in mainland China, Hong Kong, Macao, Taiwan, and overseas.

Hotel business: We have multiple branded hotels located in China, the United Kingdom, Thailand, and other places.

Tourism finance business: including tourism industry funds, tourism characteristic banks, financing leasing companies, etc., providing financial support for the development of the main tourism industry.

Asset operation business: involving commercial real estate, commercial complexes, property operation and management, and other fields.

Cruise business: Committed to building a national cruise brand, with multiple cruise projects.

Financial condition and brand value

As of the end of 2024, CTG has over 42000 employees, total assets exceeding 200 billion yuan, and receives over 80 million tourists annually. The group ranked 217th in the 2021 Fortune China 500 list of enterprises. CTG is the largest tourism state-owned enterprise in China, which gathers many well-known tourism brands such as Hong Kong China Travel Service, China National Travel Service, China Travel Service, and China Duty Free. It is the only state-owned enterprise in China that focuses on tourism as its main business, and is currently the tourism leading enterprise with the longest development history, complete industrial chain, large business scale, and high brand value in China.