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China International Travel Service Corporation Limited – Strategy, SWOT and Corporate Finance Report

  • Published: February 2017
  • Report Code: EA2B1D2F-DCDF-458F-91B1-CF3C20DF60FB

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China International Travel Service Corporation Limited – Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company.

China International Travel Service Corporation Limited (CITS) is a travel agency based in China. The company offers a wide range of travel services including outbound, inbound, and domestic travel services. It owns a network of CITS branches and sub-branch offices. CITS operates tours, group and individual tours, business travel, sports activities, sightseeing tours, study tours, leisure tours, convention and special-interest tours. It also provides individual booking services and online tourism and travel agency services. The company principally operates in China, the US, Japan, France, Sweden, Germany, Denmark, Canada, Australia, and Hong Kong. It operates as a subsidiary of CITS Group Corporation Ltd. CITS is headquartered in Beijing, China.

– A study of the major internal and external factors affecting China International Travel Service Corporation Limite

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China International Travel Service Corporation Limited

Table of Contents

List of tables.

Table 6: China International Travel Service Corporation Limited : Business Expansion

List of Figures

  • Site: $ 350 (A$7,290.07 AUD) -->
  • Single User: $ 175 (A$7,290.07 AUD) -->
  • Enterprise: $ 525 (A$7,290.07 AUD) -->

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China International Travel Service, Limited (CITS)

China international travel service, limited (cits) history, profile and corporate video.

   China International Travel Service, Limited (CITS) is a tourism company headquartered in Beijing, China. It owns a national network with more than 120 CITS branches and sub-branch offices across the whole country to travel products and services to people who travel within China.

   China International Travel Service, Limited (CITS) is a subsidiary of CITS Group Corporation. CITS Group Corporation is a state-owned key enterprises group integrating travel services, sales of duty-free products, development and management of real estate in tourism resorts, communications and transport, e-commerce, and other general services.

   Besides handling the regular tours, CITS also performs:

  • Special Interest, Adventures Tours
  • Business Forums or Formulization Inspection Tours
  • Governmental Relation Visiting Tours
  • Incentive & Conference Tours
  • Educational Training or Study Programs
  • Science and Technology Exchange Programs
  • VIP or Application for Special Treatment, Luxurious Package
  • The Society Exploration Tours

   CITS has five Business to Cosnumer (B2C) Websites for different markets:

  • English – China Travel Designer
  • Italian – Cina Viaggio
  • Spanish – Viajes en China
  • Russian – Kitaitury

   The main business scope of B2C websites include: package tours, city tours, join-in tours, private tours, MICE (Meeting, Incentive, Conference, and Exhibition), tailor-made tours, city transfers, international train tickets & hotel booking, etc.

   China International Travel Service (CITS) was established in 1954, with 12 branches in Guangzhou, Shanghai, Beijing, and other major cities. At its beginning, CITS has been a department of the Foreign Culture Exchange State Committee and department of the Ministry of Foreign Affairs for over a decade, acting as a nongovernmental friendship bridge for the state between home and abroad.

   19 CITS branches were set up in major cities across the country by the end of 1957, while the business network was initially formed. During this period, CITS focused on foreign affairs reception.

In 1964, CITS was authorized with the name China National Tourism Administration Bureau (CNTA). At this stage, government function and enterprise management was combined; the CNTA and CITS were in different names but with the same staff.’

   In 1982, according to Principle of Separation of Enterprise from Administration, CITS specialized in all travel-related services, while CNTA concentrated on national tourism management.

   In 1984, CITS was authorized to be an enterprise unit, which operated independently.

In 1989, CNTA authorized the establishment of China International Travel Service Group.

   In 1992, the State Economic and Trade Commission approved the CITS to form CITS Group Corporation. CITS has been bloomed into a large state-owned key enterprise group, which fully demonstrated its role as a leading enterprise in China’s tourism industry.

   In 1999, CITS was separated from CNTA and became an enterprise directly under the administration of the Central government.

   In 2003, CITS became a central enterprise under the State-owned Assets Supervision and Administration Commission. At the end of 2003, CITS merged with China Duty-free Group.

   In 2008, CITS changed its name to China International Travel Service Company, Limited.

   In 2009, CITS became an A-Share Listed Company.

   With more than 10,000 employees, China International Travel Service, Limited is considered one of the leading enterprises in China’s tourism industry. According to Forbes, it is considered one of the Largest Public Companies in the World.

*Information from Forbes.com, Wikipedia.org, and www.cits.net .

**Video published on YouTube by “ Eventparadise “.

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Russell 2000, bitcoin usd, cmc crypto 200, brief-china international travel service's preliminary h1 net profit up 47.6 percent y/y.

Aug 7 (Reuters) - China International Travel Service Corp Ltd:

* SAYS PRELIM 6-MONTH NET PROFIT UP 47.6 PERCENT Y/Y AT 1.9 BILLION YUAN ($277.79 million) Source text in Chinese: https://bit.ly/2vpkzN1 Further company coverage: ($1 = 6.8397 Chinese yuan renminbi) (Reporting by Hong Kong newsroom)

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Stock 601888

China Tourism Group Duty Free Corporation Limited

Cne100000g29, airport services.

  • China International Travel Service Corporation Limited agreed to acquire a majority stake in Real Club Celta de Vigo, S.A.D. from Abanca Corporación Bancaria, S.A. and Carlos Mouriño €100 million.

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Nationwide Branches

Xian China International Travel Service Co., Ltd.

  • China International Travel Service GuangDong Co., Ltd
  • Nanjing China International Travel Service Co. Ltd
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China International Travel Service Beijing

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IMAGES

  1. China International Travel Service, Limited (CITS)

    china international travel service corporation limited

  2. Chinese tourism giants with duty-free stake merge

    china international travel service corporation limited

  3. China International Travel Service Guilin, CITS Guilin Company Profile

    china international travel service corporation limited

  4. CITS (China International Travel Service)

    china international travel service corporation limited

  5. 中國旅遊集團公司 China National Travel Service Group Corporation Vector Logo

    china international travel service corporation limited

  6. China International Travel Service (Beijing) Company Profile: Stock

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COMMENTS

  1. CITS

    CITS, since 1954, is a leading enterprise in China travel industry, an all-inclusive tour operator for booking holiday packages & customizing your trip. CITS, is also named as China International Travel Service, China Travel Service, China Travel Agent, China Travel Agency etc.

  2. CITS

    China International Travel Service Limited, Head Office (abbreviated to CITS) was founded in 1954, through its 69 years of development, CITS has been blooming from a foreign affairs reception unit at its early stage under the State Council into a large state owned key enterprises group integrating all inclusive services in the travel industry ...

  3. CITS

    Time flies, China International Travel Service Limited, Head Office grows together with New China, going through 60 years of brilliant history. In the six decades, CITS people created and built a successful and well-respected enterprise with their full commitment and team spirit. Today's CITS reflects generations of CITS people's hard work ...

  4. CITS Group Corporation

    It is primarily engaged in travel services, duty-free trade and real estate development and management. Among its major subsidiaries include CITS Head Office, China Duty Free Group, CITS Real Estates, etc. The group is also the holding company of CITS Corporation Ltd, a domestically listed joint-stock corporation (SSE: 601888). References

  5. China International Travel Service Group

    See all employees. China International Travel Service Group | 1,139 followers on LinkedIn. CITS Head Office was officially established in Beijing in 1954 under the concern of Premier Zhou Enlai ...

  6. CITS (China International Travel Service)

    China International Travel Service Limited Head Office (CITS, known as China International Travel Service Head Office Before March, 2008) was established on 15th, April, 1954. Based on several generations' efforts, CITS has become the top one in China's travelling service groups, with an accumulated attraction and reception of more than 10 ...

  7. China International Travel Service Corporation

    China International Travel Service Corporation (601888.SH) focuses on travel service and product developments, investments, and management. Headquarters Location Beijing, Beijing, 100027,

  8. China International Travel Service Corporation Limited

    China International Travel Service Corporation Limited - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360Ëš view of the company.

  9. China International Travel Service

    China International Travel Service Limited, Head Office (abbreviated to CITS) was founded in 1954. Through its 61 years of development, CITS has been blooming from a foreign affairs reception unit at its early stage under China's State Council into a large state-owned key enterprises group integrating all inclusive services in the travel industry.

  10. China International Travel Service, Limited (CITS)

    In 2008, CITS changed its name to China International Travel Service Company, Limited. In 2009, CITS became an A-Share Listed Company. With more than 10,000 employees, China International Travel Service, Limited is considered one of the leading enterprises in China's tourism industry.

  11. CITS

    CITS Head Office. Established in 1954 and with 57-year of development, CITS Head Office has become a large travel service corporation known at home and abroad. CITS has established steady business cooperative relationship with over 1,400 travel agents in more than 100 countries around the world, with 14 offshore subsidiaries in such countries ...

  12. China Travel Service

    The China Travel Service (Abbreviation: CTS; Chinese: 中国旅行社总社) is the tourism and travel agency of the government of the People's Republic of China.It was established on 19 November 1949 with the goal of marketing China to the rest of the world and promoting tourism. It is a subordinate agency to the National Tourism Administration and a parent organisation of China Travel ...

  13. China International Travel Service Corp Ltd (601888)

    View today's China International Travel Service Corp Ltd stock price and latest 601888 news and analysis. Create real-time notifications to follow any changes in the live stock price.

  14. China International Travel Service Corp Ltd (601888)

    SS:601888 Financials. China Tourism Group Duty Free Corporation Limited reported earnings results for the nine months ended September 30, 2023. For the nine months, the company reported sales was ...

  15. China Travel Service (H.K.) Limited

    China Travel Service (Hong Kong) Limited ( "CTSHK" ) established in 1928, is the first travel agent in Hong Kong that was run by Chinese and is now one of the largest travel institutes in the territory. At present, CTSHK has 40 branches in Hong Kong, wholly-owned subsidiaries in Macau and Guangzhou, and 21 overseas branches in 14 countries.

  16. BRIEF-China International Travel Service's Preliminary H1 Net Profit Up

    Aug 7 (Reuters) - China International Travel Service Corp Ltd: * SAYS PRELIM 6-MONTH NET PROFIT UP 47.6 PERCENT Y/Y AT 1.9 BILLION YUAN ($277.79 million) Source text in Chinese: ...

  17. CITS

    China International Travel Service (abbreviated to CITS) was established on April 15, 1954, with 12 branches in Guangzhou, Shanghai, Beijing, and other major cities. ... CITS changed its name to China International Travel Service Company, Limited. 2009. CITS successfully became an A-Share Listed Company. 2011.

  18. China International Travel Service Corporation Limited agreed to

    China International Travel Service Corporation Limited (SHSE:601888) agreed to acquire a majority stake in Real Club Celta de Vigo, S.A.D. from Abanca Corporación Bancaria, S.A. and Carlos Mouriño for €100 million over the weekend on September 30, 2016.

  19. China International Travel Service (Macao), Limited Company Profile

    Find company research, competitor information, contact details & financial data for China International Travel Service (Macao), Limited of Macau. Get the latest business insights from Dun & Bradstreet.

  20. CITS

    CITS, since 1954, is a leading enterprise in China travel industry, an all-inclusive tour operator for booking holiday packages & customizing your trip En [email protected] +86-10-65222991

  21. Shareholder to transfer China Int'l Travel Service's shares to Hong

    July 20 (Reuters) - China International Travel Service Corp Ltd. * Says controlling shareholder plans to transfer 539.8 million shares in the company to China National Travel Service (HK) Group ...

  22. CITS

    Yuncheng China International Travel Service. Linfen China International Travel Service Co., Ltd. Inner Mongolia China International Travel Service Co., Ltd. Hulunbeier China International Travel Service. Erenhot China International Travel Service Co., Ltd. Heilongjiang China International Travel Service.

  23. China Tourism Group Duty Free

    China International Travel Service Corp. Ltd. engages in the provision of travel services and the sale of merchandise. Its business consists of investment and management of related travel services ...