China Tourism Group Corporation Limited (CTG), also known as China Travel Service (Holdings) Hong Kong Limited, is a backbone state-owned enterprise directly managed by the central government and one of the central government-owned enterprises headquartered in Hong Kong. The group's history dates back to the travel service department established by the Shanghai Commercial & Savings Bank on August 15, 1923. After a century of development, CTG has formed an industry structure comprising travel agencies, scenic areas, hotels, duty-free retail, tourism transportation, travel document services, cruises, real estate, and comprehensive operations in Hong Kong. The operation network spans China's mainland, Hong Kong, Macau, and over 30 countries and regions abroad. CTG gathers well-known tourism brands such as HKCTS, CITS, CTS, and CDF, making it the only central government-owned enterprise with tourism as its core business and the leading tourism enterprise in China featuring the longest history, comprehensive industrial chain assets, large scale of operation, and high brand value. By the end of 2023, CTG had more than 43,000 employees, total assets exceeding RMB 200 billion, and over 600 wholly-owned or controlled subsidiaries, serving over 80 million tourists annually. The profile of the group's core tourism business is as follows:
China Tourism Group Travel Services Co., Ltd.(CTG Travel), operates travelling services which is CTG's core business, serving the customers in inbound, outbound, domestic travel customized travel, MICE business, business travel, visa and travel document services, etc.with around 70 subordinates in 33 countries and regions, around 100 subordinates in 25 provinces and autonomous regions of China. lts 2B business currently ranks first in the industry, and its travel document services are provided in visa application centres in around 30 countries and regions. ranking first in market share.
China Travel International Investment Hong Kong Limited ("CTG International" for short), founded in July 1992 and listed in Hong Kong (00308.HK) in November 1992, is the flagship of tourism investment and operation business under CTG. It aims to build up a Leading Investor and Operator of Tourist Destinations offering customers with premium cultural and tourism products with unique experience in travel and leisure.
China Tourism Group Investment Management Co., Ltd., also known as China Travel International Investment (Shenzhen) Hong Kong Co., LTD, (CTG INVESTMENT), is a major strategic business unit of CTG, which is one of 16 central government-owned enterprises specializing in real estate development and operation identified by State-owned Assets Supervision and Administration Commission of the State Council. CTG INVESTMENT has been at the forefront of urban development in the Greater Bay Area and the Yangtze River Delta, with extensive business footprint in the middle and lower reaches of Yangtze River and Cheng-Yu urban agglomeration. CTG INVESTMENT has made significant inroads in major cities including Beijing, Shanghai, Guangzhou, Shenzhen, Suzhou, Hangzhou, Ningbo, Chengdu, Xi'an, Qingdao, Xiamen, Wuhan, Sanya, and Haikou among other cities. Positioned as a distinctive and high-quality urban real estate developer, CTG INVESTMENT is committed to urban real estate development and "Real Estate+" business relying on its comprehensive development and operation capability.
China Tourism Group Duty Free Co., Ltd. (CTG Duty-Free) operates tax-free tourism retail business as the flagship business of the Group. Holding comprehensive duty-free licenses, the company has established long-term cooperative relations with more than 1200 world-renowned brands. At present, it has opened more than 200 duty-free shops in Chinese mainland, Hong Kong, Macao, Taiwan and overseas, ranking first spot in the global industry. Notably, it’s Haikou International Duty Free City Shopping Complex serves as the largest stand-alone duty-free store in the world. "CDFG" is listed as a leading tourism stock in domestic capital market and ranks in the "Top 20 Best A-Shares Listed Companies".
China Tourism Group Hotel Holdings Co., Ltd. (CTG HOTEL), with its renowned brands such as Metropark International, Metropark, Kew Green, and Traveler Inn, operates over 200 wholly-owned, jointly held, entrusted, leased or franchised hotels, exceeding 50,000 rooms. These hotels are primarily located in over 40 cities across China, including Hong Kong, Macau, over 30 cities in United Kingdom, and in Thailand, Laos, Brazil, Portugal, etc.
CTG Development Corporation Limited (CTG DEVELOPMENT), transformed from the former China Tourism Group Financial Services Co., Ltd. in September 2022, aligns with the central government's instructions and CTG's strategy of "Based in Hong Kong, Achieve Excellence Overseas". It engages in peripheral businesses related to the Group's main business in Hong Kong and incubating emerging industries. Focusing on Hong Kong-based operations, CTG DEVELOPMENT has ventured into consumer finance (PrimeCredit), property management, security services, and warehouse logistics, addressing the essential needs of people in Hong Kong. PrimeCredit, the biggest non-bank consumer credit service provider in Hong Kong, operates 25 branches and 3 telesales and service centers. Kai Fu Property Services Company Limited, another subsidiary, offers community services to over 200,000 residents in Hong Kong.
China Tourism Group Asset Development Co., Ltd. (CTG ASSET), with a registered capital of 1 billion yuan, is a CTG subsidiary focusing on asset operation management and strategic investment incubation. CTG ASSET operates 33 wholly-owned, controlled or CTG-invested companies, covering commercial and office property management, tourism transportation, self-driving tour and RV tour, asset operation and disposal, as well as tourism culture and media. By managing existing assets and incubating incremental businesses, CTG ASSET is exploring new business models in tourism-related transportation and media, and launching new tourism product, in a bid to establish a professional and market-oriented investment and asset operation platform.
China Tourism Group Cruises (Hainan) Co., Ltd. (CTG Cruises), is committed to fostering national cruise brands. The company is incubating two brands: Astro Ocean Cruise and Nanhai Cruises. As a member of the fleet under Astro Ocean International Cruise Co., Ltd., "Piano Land" with destination-less qualification in Hainan is the first luxury cruise ship independently operated by Chinese company. The cruise ship "Nanhai Dream" of Sansha Nanhai Dream Cruises Co., Ltd. operates the Sanya-Xisha route.
Adhering to the philosophy of "Integrity Operation and Quality Service", CTG is committed to the mission of "Serve the state and public with high-quality tourism service", implementing the strategy of "Based in Hong Kong; Cultivated in Hainan; Expand Markets Domestically; Achieve Excellence Overseas" and upholding the corporate values of "Integrated Synergy, Openness and Inclusiveness, Wise and Pragmatic". With a focus on enhancing core functions and competitive capabilities, CTG is striving to become a world-class tourism group known for its "Exceptional Products, Distinguished Brand, Leadership in Innovation, and Modern Governance".
