Is China National Travel Service a state-owned enterprise?

China International Travel Service is undoubtedly a bright pearl of state-owned enterprises. This tourism giant was founded in 1954. After several name changes and strategic adjustments, it is now China International Travel Service Co., Ltd. Since its establishment, China National Travel Service has continued to grow in size through mergers and acquisitions, cooperation and franchising. With its background as a central enterprise, it has been deeply involved in the integration of the tourism industry and actively expanded its diversified business areas. In the face of market changes, it flexibly uses the capital market and adjusts its business focus to adapt to the increasingly diverse tourism market needs.

As a state-owned enterprise, CITS has a wide range of operations, covering tourism services, investment management, facility development and operation, as well as in-depth tourism industry research and consulting services. Its corporate culture emphasizes becoming a first-class tourism financial service provider. Its vision is to gather wealth and wisdom and enjoy growth. Its core values ??are the pursuit of excellence. Its business philosophy is the principles of honest management, standardized operation, and innovative development. In terms of business development strategy, CITS is customer-centric, innovation-driven, and technologically advanced. It also focuses on the optimization of internal control and human resources, and attracts and cultivates outstanding talents through performance-oriented and long-term incentive mechanisms.

In general, China International Travel Service, as a state-owned enterprise, not only has significant scale and strength in the industry, but also shows a high degree of professionalism and foresight in management, service and corporate culture.