CTS Opens Scenic Spot Investment Company

China Travel Service Group (CTS) has launched a scenic spot investment company.

CTS has invested RMB130 million into the company which will invest in and then manage scenic spots around China.

Rival travel agencies in China, including China International Travel Service (CITS), China Youth Travel Service (CYTS) and Beijing Travel Group (BTG), have already begun to seize lucrative scenic spots, but CTS is the first one to set up a professional investment company to manage these scenic spots.

CTS is already managing a number of scenic spots including Beijing Lidu Park and the Yuping cablecar in Huangshan Mountain.