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With over 20 years of experience in the Chinese travel industry, Tinma has become a prestigious Provincial-level travel agency. With its seven locations throughout Guangahou, Tinma did approximately $5 million in revenue in 2004, and has been a Top 5 travel agency in Guangdong in the last several years. As a Class 1 Travel Agent, Tinma can conduct inbound and outbound travel, book air travel on every major airline in China, and make hotel reservations in virtually every hotel in the province.<\/p>\n
Mr. Godfrey Hui, TEDA Travel Group CEO said, \"We're confident we'll have this deal completed very soon. Tinma is a well-known and established brand in China and we're very pleased to be in acquisition talks with them. Once this deal is finalized, TEDA Travel Group will benefit from a sizeable increase in revenue and cash flow. This acquisition ties into our move into the online travel sector as we'll be able to use their existing reservation systems through online interfaces. However, and most important in all of this constitutes a major part of our goal to become a major player in China's rapidly expanding travel industry.\"<\/p>\n
Guangdong Province has a total area of approximately 110,000 square miles and a total population of over 85.2 million. Tinma is situated in the Pearl River Delta (\"PRD\") Economic Zone, which is the Province's economic hub, accounting for 80% of Guangdong's GDP. The PRD Economic Zone covers 14 cities and counties, including Guangzhou, Shenzhen, Zhuhai, and Dongguan. The province has the largest GDP in China, accounting for over 11% of the nation's total.<\/p>\n","protected":false},"excerpt":{"rendered":"
TEDA Travel Group has signed a Memorandum of Understanding to acquire a majority share in Guangdong Province Tinma International Travel Agency Limited. The company expects the deal to close within 90 days. With over 20 years of experience in the Chinese travel industry, Tinma has become a prestigious Provincial-level travel agency. With its seven locations […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12723],"tags":[],"class_list":["post-34459","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/comments?post=34459"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34459\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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TEDA Travel Group has signed a Memorandum of Understanding to acquire a majority share in Guangdong Province Tinma International Travel Agency Limited. The company expects the deal to close within 90 days.<\/p>\n