Beijing Tourism Group Explained

Beijing Tourism Group
Type:	State-owned enterprise
Industry:	Tourism
Founded:	in Beijing, China

The Beijing Tourism Group (BTG;) is a Chinese state-owned enterprise operating in various areas of tourism, including travel agencies, dining, hotels, shopping and entertainment.^[1] It is headquartered in Beijing Municipal Administrative Center in Tongzhou District, Beijing.^[2]

Operations

The company has six divisions:^[3]

• BTG Homeinns — Hotels and resorts
• Travel agencies
• Shopping
• Restaurants
• Coaches and taxis
• Scenic spots

History

BTG was established in February 1998.

In 2004 it merged with Beijing New Yansha Group (the developer of the Golden Resources Mall), restaurant operators Quanjude and Donglaishun, and the Antique City Group.^[4]

In 2015 BTG bought the Home Inn hotel chain for 11 billion RMB.^[5]

In 2016 it had RMB 73 billion in assets and RMB 44 billion in revenue.^[6]

In 2017, China launched the World Tourism Alliance with the support of the BTG.^[7]

Notes and References

1. Web site: Beijing Tourism Group Co., Ltd.: Private Company Information. https://web.archive.org/web/20080415181720/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=6447066. dead. April 15, 2008. Business Week.
2. News: 曲经纬 . 18天！首旅集团总部搬进城市副中心 . 2021-04-29 . 北京城市副中心报 . 2021-04-29.
3. Web site: Beijing Tourism Group (BTG) – 11 years of growth . . China Travel Trends . 8 June 2018 . September 29, 2009.
4. Web site: Beijing tourism players form alliance. https://web.archive.org/web/20180612162728/https://www.highbeam.com/doc/1P2-8815958.html. dead. 2018-06-12. China Daily. Xu. Dashan.
5. Web site: China's BTG Hotels to acquire economy hotel chain Homeinns for $1.7 bln. Reuters. 2015-12-08. 2018-01-25.
6. Web site: Beijing Tourism Group . World Tourism Alliance . 8 June 2018.
7. Web site: Hamdi . Raini . China Challenges WTTC With Launch of Global Tourism Group . Skift . 8 June 2018.