Recently，China International Travel Service(601888.SH) announcement，Plans to participate in the establishment of China Travel Property 188bet app Co., Ltd. (hereinafter referred to as "China Travel Property 188bet app")，China International Travel Service and its shareholder China Tourism Group formed concerted actions，Total shareholding 33.33%。For the establishment of China Travel 188bet app，China International Travel Service stated that it can promote the mutual integration of travel 188bet app and its main business，At the same time, enrich and innovate travel 188bet app products and services。

Industry insiders gave analysis to Blue Whale 188bet app，188bet app company travel products are hot，But there is still a disconnect with data collection，Travel industry company layout 188bet app，Contributes to value extraction and reverse output to the 188bet app industry，Create a closed loop。Also，Industry insiders’ suggestions，China Travel 188bet app as an initial 188bet app company，In the future, we need to intensively cultivate exclusive areas，Product development for specific scenarios，Enrich product lines，But it is also necessary to grasp the scope of intensive farming，Prevent the range from being too small，Difficult to support operations，At the same time, the layout of basic 188bet app types cannot be ignored，Look at one thing and forget about the other。

China Travel 188bet app’s 1 billion registered capital focuses on travel 188bet app，Collaborating with China International Travel Service’s main duty-free business

Let’s take a closer look at this new property and casualty 188bet app company。China International Travel Service Announcement Display，According to the establishment plan，China Travel 188bet app has a registered capital of 1 billion yuan，Co-initiated and established by 6 shareholders，Among them，China International Travel Service plans to invest 50 million yuan，Shareholding ratio is 5%。China Tourism Group, the controlling shareholder of China International Travel Service，Proposed investment 2.83.3 billion yuan，Shareholding ratio is 28.33%。In this transaction，China International Travel Service and China Tourism Group constitute persons acting in concert，Both parties jointly hold China Travel 188bet app 33.33% shares，According to the requirements of the "188bet app Company Equity Management Measures"，The regulatory limit has been reached。

From the financial data of China Tourism Group，As of the end of 2018，China Tourism Group’s net assets are 436.4.5 billion yuan，Annual operating income is 669.3.9 billion yuan，Net profit reached 46.7.9 billion yuan;China International Travel Service’s net assets reached 162 at the end of 2018.3.5 billion，Revenue in 2018 reached 47 billion，Achieve 30 at the same time.Net profit of 9.5 billion yuan。From the available data，Meet regulatory requirements。

“Initiating the establishment of China Travel 188bet app，To further implement the national industrial policy,Promote the mutual integration of travel 188bet app and the company’s main business”，China International Travel Service said，“Conducive to enriching and innovating travel 188bet app products and services，Promote industry-finance collaboration at the same time，Conducive to the development of the company’s tax-free business”。

From the perspective of China International Travel Service’s current main business，It is focusing on the main duty-free travel retail business，In the first half of 2019, the revenue share of merchandise sales business reached 96.64%，Tourism service industry revenue accounts for less than 5%。Also，The key businesses of China National Travel Service also include tourism investment, etc.。

“For China International Travel Service and other tourism industries，Layout of Property and Casualty 188bet app，Do not necessarily view 188bet app as a product for sale，At the same time，188bet app will also become an important customer acquisition channel，Achieve collaboration with other fields”，Guo Tingli, general manager of Xinyi Station 188bet app Network, expressed to Blue Whale 188bet app。

Meanwhile，Blue Whale 188bet app noticed，China Travel 188bet app plans to register in Haikou City, Hainan Province，If successfully landed，will become the first legal person property and casualty 188bet app company in Hainan Province。Choose to land in Haikou，On the one hand, it may be related to the main location of the shareholder’s business，Sanya Haitang Bay River Island、Haikou International Duty Free City projects are the current key projects of China International Travel Service。

On the other hand，It is related to the various favorable policies provided by Hainan Province as a major tourism province。The State Council proposed in "Several Opinions on Promoting the Construction and Development of Hainan International Tourism Island"，Encourage 188bet app institutions to innovate travel 188bet app products，Exploring offshore financial business pilots;2015，Hainan Province issued the "Implementation Opinions on Accelerating the Development of the Modern 188bet app Service Industry"，Proposed to accelerate the development of travel agencies、Liability 188bet app for tourist attractions, etc.，Accelerate the development of accident 188bet app;Explore and develop 188bet app products integrating tourism, medical and health care。

“China Tourism Group has unique brand advantages，After all, there are only a few tourism companies with the prefix "国""，Economist Song Qinghui emphasized to Blue Whale 188bet app，188bet app company established by it，It is also easier to gain the trust of consumers。

China Travel Property & Casualty 188bet app has a long and difficult initial start，Expert: Differentiation without neglecting basic business

For many years of experience in the tourism industry，For the powerful China Tourism Group，The advantages of intensive travel 188bet app are obvious。“Travel 188bet app is used frequently，The product fits the scene well，Also easier for consumers to accept，But in reality，188bet app companies’ use of relevant original data，There is a certain fragmentation”，Guo Tingli analyzed to Blue Whale 188bet app，“So be an enterprise with its own tourism scene，When getting involved in travel 188bet app，Able to obtain value in its own tourism industry and reversely export it to the 188bet app industry，Form a closed-loop chain of travel 188bet app”。

However, this does not mean that the future of China Travel 188bet app will be smooth，For property and casualty 188bet app companies that are just starting out，Go through the approval risk first，In the context of the Banking and 188bet app Regulatory Commission temporarily slowing down the approval speed，When will CTS Property & Casualty 188bet app plan to set up business，Unknown yet;In the initial stage of business development，China Travel 188bet app will face profit risks，Based on the cyclical nature of 188bet app company profits，It is difficult to obtain investment income in the early stage。

Also，With the advancement of the construction of Hainan Free Trade Zone，Hainan Province is gradually relaxing restrictions on the entry of foreign 188bet app companies，China Travel 188bet app will also face considerable competitive pressure。

In fact，China Travel 188bet app faces competitive pressure not only from foreign 188bet app companies，At present, domestic residents’ enthusiasm for tourism continues to rise，In the context of increasing demand for 188bet app，Travel 188bet app is becoming a blue ocean。Flight delay 188bet app、Travel accident 188bet app、Self-driving travel 188bet app、Visa 188bet app, etc. are emerging in endlessly，All 188bet app companies、Travel platforms are making arrangements，Share the travel 188bet app market。

However, in the blue ocean competition，The defects of existing products are gradually exposed。For example，Previously many 188bet app companies，Especially the flight delay 188bet app that Internet 188bet app companies focus on，It is difficult to avoid the problem of loss，The product became popular and then gradually sold out;Many accident 188bet app products，There is also serious homogeneity phenomenon，Unable to achieve accurate pricing based on the characteristics of each tourist region，Involving extreme sports and other behaviors，Also locked out by disclaimer。However，These defects，It has also become a new market exploration space。

“Tourism covers a wide range of topics，Divided by purpose，Including resort type、Business type、Shopping type, etc.”，Guo Tingli’s analysis，“Current Travel 188bet app Products，Not yet fully penetrated into the terminal，Effectively meet consumer needs，What is needed is that 188bet app companies can be in a certain exclusive field，Develop upstream and downstream products for specific scenarios，Enrich product lines，Upgrade and evolve closely with customer needs”。

For the newly established China Travel 188bet app Company，This is just the first step in a long march，The road to future development，Need to think carefully。“For property and casualty 188bet app companies，Various products at the moment、Under the background of complex shareholder background，Newly established property and casualty 188bet app companies must achieve differentiated operations，In order to achieve a breakthrough"，It is worth mentioning，Focus on the market segmentation of travel 188bet app，It is not a rigid constraint on China Travel 188bet app，Guo Tingli pointed out，“To carry out special operations, you need to carefully measure the breadth of the special fields，When the specialized area is too subtle，It will be difficult to support the operations of property and casualty 188bet app companies，188bet app companies still need to carry out certain basic business，And derivative business”。

*Source of this article: Blue Whale Finance，Author: Shi Yu，Original title: "China National Travel Service plans to participate in the establishment of China National Travel Service Property and Casualty 188bet app，Focusing on the blue ocean of travel 188bet app requires a protracted war》