China Travel: Dawan District is the focus of tourism investment

Zhang Xing, executive director and deputy general manager of Hong Kong China Travel (308), said in the performance conference that he is optimistic about the prospects of Guangdong, Hong Kong and Macau in the Dawan District. For China Travel, the region’s tourism investment is even more important. The most important. “At present, 70% to 80% of total assets are in the Guangdong, Hong Kong, and Macau Dawan District, and the key investment projects in the future are also in this region."

Chief Financial Officer Chen Wei pointed out that the tourism layout from the Greater Bay Area (Hong Kong/Guangzhou), to Guangxi, to the Southwest (Yunnan/Sichuan) has been shaped, and Unicom will be strengthened in the future. The company will further analyze the tourist purposes and hobbies of consumers in the Greater Bay Area, and vigorously develop the Guangdong, Hong Kong, and Macao Bay Area holiday travel, and strive for more tourism projects.

It is worth mentioning that the occupancy rate of Hong Kong and Macau hotels rose by 7 percentage points year-on-year to 93% last year, and the average housing price reached 809 yuan, an increase of 7% year-on-year. Chen Hao introduced that in the next year, the Hong Kong business will focus on the optimization of real estate projects, including the start-up of the three warehouses in Hung Hom, and the study will be carried out in two hotels in Wan Chai and Kowloon.

Net profit soared 2.26 times

In 2013, the net profit of China Travel & Tourism in Hong Kong reached 1.148 billion yuan, a rapid increase of 2.26 times year-on-year, which was mainly due to the significant increase in revenue from tourism business and the one-time gain from the sale of some assets by subsidiaries. The profits of the tourism business in China reached 1.106 billion yuan, which rose 1.68 times. Distributing final interest rate of 0.055 yuan per share, together with the mid-term interest rate of 0.03 yuan, the full-year dividend of 0.085 yuan.