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3 Major Travel Services

Xinhuanet 2003-02-25 14:43:55

The China International travel Service (CITS) was founded in 1954,serving as the largest comprehensive travel agency in China. It has enterprises under its direct administration, of which 12 are distributed in the United States, Japan, France, Sweden, Denmark, Germany, Canada, Australia and Hong Kong in addition, the CITS Group has 160 membership enterprises nationwide.

Taking travel as its mainstay, CITS Head Office has developed into a multifunctional enterprise, dealing in tourism investment, aviation, satellite communications, computerized reservation, hotel management, insurance and tourism infrastructure construction.

For decades, It has sustained a high reputation in the international tourism marker, fully demonstrating its role as a leading enterprise in China's tourism industry.

Established in 1949, China Travel Service was the first tour operator of new China. As the head enterprise among China Travel Service in the whole country, China Travel Service Head Office gradually developed from a travel service whose main business focused on overseas Chinese, Chinese with foreign nationalities, Chinese from Hongkong, Macao and Taiwan to a travel service whose business consists of inbound tourism, outbound tourism, and domestic tourism hundred thousands tourists from domestic or foreign countries. It has joined China Travel Association, PATA, USTOA, IATA, ASTA and became a full member of these associations. It has established close cooperative relations with hundreds of travel service providers of main tourism countries in the world, and enjoyed excellent prestige and reputation.

 

General Description of the Company

  • Legal English name of the company: China CYTS Tours Holding Co., Ltd.
  • Abbreviation of the English name: CYTS
  • Registered capital: 267 million shares

Qualifications and membership 

  • Qualified as an international travel agency authorized by the National Tourism Administration
  • Qualified as a new Hi-tech enterprise by Beijing Municipal New Technological Development Zone
  • First Chinese travel agency to list A shares at Shanghai Stock Exchange
  • China's Top 50 Listed Companies with the Biggest Development Potential for the years 1999, 2000 and 2001 running
  • Second place among China's Top 100 International Travel Agencies for four consecutive years: 1998, 1999, 2000 and 2001
  • Member of PATA (Pacific Asia Travel Association)
    Member of IATA (International Air Transportation Association)
    Member of ASTA (American Society of Travel Agents)

Development Strategies

    To build a modern holding enterprise relying upon tourism as its pillar with capital operation as the key and hi-tech development as the driving force.

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