Published on : Wednesday, August 30, 2017
China Travel International Investment Hong Kong Limited which is operating the whole leisure resorts, registered the net profit of HK$375 million (US$47.9 million), or 6.88 HK cents a share.
The domestic tourism industry in China has maintained a double-digit growth, which is compared with a national 6.9 per cent rise in gross domestic product in the first half of the year.
The Tourism Department of China received strong 31 per cent growth in income, especially, as its core tourist attractions to HK$311 million.
The theme park like “Window of the World” in Shenzhen, hotels and the rich accommodations like Metropark Hotel in Kowloon recorded a 58 per cent rise in profit to HK$61 million in the half. Their total revenue rose 29 per cent to HK$2.35 billion in the period.
The company also booked a HK$29 million gain from the sale of its Yangzhou Metropark Hotel in Jiangsu Province, in February.
The company manages 12 theme parks, natural scenic spots; vacation resorts in China and has a total equity stakes in all but four. It attracts nearly 5.2 million visitors, contributing profit of HK$68 million, up 4 per cent from last year.
The “Window of the World” park enjoyed a massive 133 per cent surge in visitor numbers, with revenue generated through e-commerce increasing 70 per cent. After a strong marketing push, the venue also increased group bookings by nearly a quarter.
According to the Chinese tourism department it is hopeful to have a robust growth to come, as a result of China’s flagship economic programme, The “Belt and Road Initiative”. It is adding the firm with already exploring opportunities along the ancient Silk Road trading routes, which present rich pickings for tourism.