{"id":34773,"date":"2005-09-19T22:12:39","date_gmt":"2005-09-19T14:12:39","guid":{"rendered":"http:\/\/www.chinahospitalitynews.com\/2005\/09\/19\/cits-purchases-51-stake-in-beijing-company\/"},"modified":"2005-09-19T22:12:39","modified_gmt":"2005-09-19T14:12:39","slug":"cits-purchases-51-stake-in-beijing-company","status":"publish","type":"post","link":"https:\/\/www.chinahospitalitynews.com\/cn\/2005\/09\/19\/34773\/","title":{"rendered":"CITS Purchases 51% Stake In Beijing Company"},"content":{"rendered":"<p><img decoding=\"async\" height=\"60\" src=\"http:\/\/www.chinahospitalitynews.com\/images\/cits_logo.gif\" width=\"71\" align=\"right\">CITS is planning to acquire a 51% stake in the Beijing International Travel Service for RMB20 million.<\/p>\n<p><!--more--><\/p>\n<p>Prior to this purchase, it has controlled more than 20 local international travel agencies through assets transfers, purchases and mergers.<\/p>\n<p>At present, CITS is engaged in providing one-stop service of designing, promoting and organizing travel groups in China. But in the future, it will play the role as a wholesaler and have each of its local marketing centers work as retailer to be responsible for the local business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CITS is planning to acquire a 51% stake in the Beijing International Travel Service for RMB20 million.<\/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-34773","post","type-post","status-publish","format-standard","hentry","category-english"],"_links":{"self":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34773","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=34773"}],"version-history":[{"count":0,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/posts\/34773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/media?parent=34773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/categories?post=34773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.chinahospitalitynews.com\/cn\/wp-json\/wp\/v2\/tags?post=34773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}