China International Travel Service plans to change its name! And quit the travel agency market.

Affected by the epidemic this year, many travel agencies have closed down one after another, and the tourism industry has encountered an unprecedented crisis. Many enterprises are also in the process of transformation. On June 1 day, China International Travel Service announced that it planned to change its name and ended its withdrawal from the travel agency market.

The former headquarters of China Travel Agency was established in Beijing 1954. 1September, 984, it was changed from a public institution to an enterprise. 1999 decoupled from the national tourism administration and became an enterprise directly managed by the central government. In May, 2006, according to the State Council SASAC's Decision on Restructuring China International Tourism Group Company into a Wholly State-owned Company,

Reply on Relevant Matters of the Company reorganized the former China Travel Agency Headquarters and China Inspection Exemption Corporation, and the former China Travel Agency Headquarters was directly transformed into China Travel Agency Group Co., Ltd.

On June 1 day, the State Council officially announced the Overall Plan for the Construction of Hainan Free Trade Port, and decided to implement a zero-tariff policy for some imported goods, relaxing the duty-free shopping quota for outlying islands to 654.38+million yuan per person per year, and expanding the types of duty-free goods. The tax-free quota is not only three times higher than the quota of 30,000 yuan a year ago, but also 20 times higher than the quota of 5,000 yuan at the beginning of 201/kloc-0. The relaxation of tax exemption policy for outlying islands will further expand the scope of tax exemption for Hainan, which will directly benefit listed companies with duty-free shops such as China International Travel Service.

On the same day, China International Travel Service announced that it planned to change the Chinese name of the company from "China International Travel Service Co., Ltd." to "China Tourism Group China Duty Free Co., Ltd." to highlight the duty-free business. At present, there are four duty-free shopping places in Hainan, namely Sanya International Duty Free City, Haikou meilan airport Duty Free Shop and Haikou and Boao Duty Free Shop, all of which are operated by China International Travel Service.

China International Travel Service changed its name this time mainly to focus more on the core tax-free business and close the exit channel of the travel agency market.

Some people think that in recent years, travel agencies seem to have become the "chicken ribs" of China International Travel Service, but the brand of "International Travel Service" is worthy of a special book in the whole history of tourism development in China.

In fact, the withdrawal of China International Travel Service from the travel agency market has a great impact on the tourism industry, but its transformation also indicates that China International Travel Service will have a better development, providing better support and services for the tourism industry in China, and also providing a good transformation for other enterprises.

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