China Travel International Investment Hong Kong is working on the feasibility plan for building ten tourism and leisure bases in mainland China, in locations including Chengdu, Beijing and Hainan Province.
The company plans to seek business in Hong Kong, mainland China, and in the overseas tourism market. The company hopes to become the largest tourism conglomerate in China within the next three to five years.
According to the HKTDC the company invested in three tourism projects in Zhuhai, Xianyang and Qingdao, in 2004, 2007 and 2008, respectively.
From 2005 to 2007, the company’s sales revenue climbed to RMB 31.1 billion from RMB 20 billion. Its total profit and total assets increased to RMB 3.86 billion and RMB 36.98 billion from the previous RMB 2.49 billion and RMB 27.24 billion, respectively.
The fact that Chinese citizens in 49 cities can now access Hong Kong and Macao by a simple procedure is expected to benefit the tourism industry and increase business opportunities for the related enterprises.