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China Travel Service, also known as China Tourism Group Corporation Limited, [1] (CTG; 中国旅游集团) is a state-owned tourism company headquartered in Haikou, Hainan, China. The corporation was established on 19 November 1949 with the goal of marketing China to the rest of the world and promoting tourism.
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). [4]
Trip.com Group Limited is a multinational online travel agency (OTA). It is one of the largest travel service providers in the world. [3]Founded in 1999, the company owns and operates several travel fare aggregators and travel fare metasearch engines, including namesake and flagship Trip.com, Skyscanner, CTrip, Qunar, Travix, and MakeMyTrip. [2]
China Travel International Investment Hong Kong Limited is an investment holding company engaged in travel, theme park, hotel, resort, passenger transportation, golf club, power generation, freight forwarding, and other investments. [1] [2] It was established and listed in Hong Kong in 1992 as a subsidiary of China Travel Service.
The company, one of the world's largest online travel agencies, with 400 million users, said it would pay a parental cash subsidy of 10,000 yuan annually for five years for every child born to its ...
The predecessor was the China Travel and Tourism Enterprise Administration (later renamed the China Travel and Tourism Administration) established in 1964. [1]: 94 It was once an agency directly under the State Council in charge of tourism.
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In April 2015, Tuniu was the subject of a boycott by seventeen Chinese travel agencies over a pricing dispute. [3] The issue was settled a few days later following an investigation by the China National Tourism Administration, with partner relations returning to normal. [4] [5] Tuniu's share price fell 4.7% following news of the dispute. [6]