Zhongxin Travel’s double-income revenue growth last year will increase the intensity of domestic tourism development

Zhongxin Travel’s double-income revenue growth last year will increase the intensity of domestic tourism development
On the evening of April 29, Zhongxin Travel Group Co., Ltd. (hereinafter referred to as “Zhongxin Travel”) released its 2019 annual report.According to the report, Zhongxin Travel achieved operating income of 126 in 2019.2.2 billion, an annual increase of 3.7%; net profit attributable to shareholders of listed companies is 6,861.170,000 yuan, an increase of 191 per year.15%.According to the annual report, in 2019, the three main businesses of Zhongxin Travel, tourism wholesale, retail and integrated marketing services, all achieved growth in revenue.Among them, the revenue from outbound travel wholesale business was 89.$ 9.2 billion, an annual increase of 3.47%; outbound travel retail business revenue 23.$ 5.8 billion, an annual increase of 2.37%; revenue from integrated marketing services 9.9.6 billion US dollars, an annual increase of 3.66%.In 2019, Zhongxin Travel has also achieved some benefits in the operation of destination resources, achieving overseas revenue of nearly US $ 600 million, an increase of more than 20%, the company ‘s revenue share has increased to nearly 5%, and the gross profit of overseas business has exceeded more than 30%The gross profit of Zhongxin Tourism has accounted for more than 10%; the layout effect of “Tourism +” has been prominent, and the product income of other industries except tourism business is 4063.590,000 yuan, an annual increase of 27.73%.In terms of increasing the proportion of customers among young and middle-aged customers, in 2019, Zhongxin Travel Group’s wholesale business brand “Union Travel” and “Panorama Travel” business cover more than 20 domestic ports, and the products gradually follow the traditional “following group tour” model.For example, the European “U-young” series launched by Younide Travel, the Southeast Asia “big coffee drive” series, the semi-customized products of Southeast Asia launched by Panorama Travel, etc. At the same time, free travel, destination fun, local participation groups and other types of productsThe proportion of young and middle-aged customers has increased.In addition, Zhongxin Travel Group’s “Zhongxin Travel Study” research products and high-end brand “Miracle Travel” medical and health products are becoming more and more abundant.In 2019, Zhongxin Travel Retail’s store partners were recruited to land in Henan, Fujian, Gansu, Shandong and other provinces. Until the end of 2019, the company’s direct sales and partners opened 751 stores, and the number of contracted stores exceeded 1,000.Zhongxin Travel has opened a new channel for travel retail in many regions.In the provinces where Zhongxin’s tourism retailing industry has landed, various provincial companies have used the group’s resources to successively launch local port start-stop products, leaving the market blank.In terms of integrated marketing services business, Zhongxin Travel, a wholly-owned subsidiary of Zhongxin Travel, continues to integrate integrated marketing services in 2019 including business conference awards, public relations planning, brand management, exhibition display, travel services, cross-border business docking and other businessesSystem, molecular companies across the country have made breakthroughs in large-scale projects.Domestic revenue from tourism revenue increased by more than 30%, and increased development efforts were maximized. Zhongxin Tourism increased more destination resource development efforts, developed destination entertainment products, and participated in local resource operations.In 2019, based on the operation experience of the existing destination service companies, Zhongxin Travel has established ground pick-up agencies in Phuket, Thailand and Dubai, UAE, and established or acquired car companies in Europe, Japan, etc., and established or acquired European and Southeast Asian shopping stores., Acquisition of Norwegian hotels and management companies.Zhongxin Tourism said that the continuous deployment of destination resources has improved the ability of Zhongxin Tourism to control upstream resources and product advantages, and raised the barriers to competition and profitability.In addition to business synergy advantages, destination resources have gradually contributed more revenue and profits to the Group from a financial perspective.In addition, in terms of domestic travel, Zhongxin Travel last year was rich and eye-catching.In 2019, Zhongxin Travel’s domestic tourism and single product business achieved operating income2.3.6 billion, an annual increase of 26.73%, of which domestic tourism grew by more than 30%.Zhongxin Tourism stated that through the construction of the Domestic Products Department, the launch of high-quality domestic travel and peripheral travel products, as well as the purchase of high-quality supplier products, has enriched the product range of domestic travel and promoted the rapid growth of the domestic travel business.Affected by the epidemic, domestic travel and surrounding travel will be the focus of the development of Zhongxin’s travel business in 2020.Zhongxin Tourism has expanded the development of domestic tourism, intra-provincial tourism and surrounding tourism, signed additional high-quality partners in areas rich in domestic ecological resources, and launched peripheral tourism products and domestic tourism products in provinces and cities that have resumed tourism.In 2019, Zhongxin Travel’s “tourism +” business continued to grow. The income of its affiliated resettlement company “Yuda International” increased by nearly 60%, and the income of currency exchange company “Youlian Currency” increased by nearly 30%.Youlian Currency established a currency exchange outlet in the departure hall of Shanghai Pudong Airport in 2019 and signed a tax refund agency service agreement with Global Blue, the world’s largest tax refund service provider.9 companies.In early 2020, Zhongxin Tourism and China Free Group also reached a strategic cooperation framework agreement. Both parties will rely on Zhongxin Tourism’s passenger flow, overseas destination experience and China Free Group’s advantages in brand, retail management, retail resources, etc.Foreign cooperation to develop “tourism + shopping” business.Zhongxin Tourism has also officially entered the tax-free and shopping areas.Sauna, Ye Wang Wang Shengnan editor Li Zheng proofreading Xue Jingning picture Screenshot of Zhongxin Travel Official Website