Germany's TUI travel for Chinese citizens to obtain licenses

German travel group TUI AG (TUI AG) (TUIGn.DE) became the first Chinese citizen to obtain the operating license of the European outbound tourism business operators.

By the TUI China Travel Service Head Office and a joint venture of TUI China Travel Co., Ltd. was established in 2003, and its easy to have a 75% equity interest halfway, the company has focused on inbound tourism products business in China.

According to the United Nations World Tourism Organization estimates, on the outbound travel of Chinese citizens since 2000, spending has increased three times, the world's third largest country in outbound travel expenditure.

TUI chief executive Michael Frenzel said in a statement Tuesday: "Recognizing the potential market, we started to invest in China, beginning to do the positioning of the TUI. Get outbound licenses, clearly proves that our strategy is correct The. "

A TUI spokesman said the next step is to determine which products to the Chinese tourists. TUI owns Europe's biggest tourism operators - TUI Travel (TT.L).

License issued by the China National Tourism Administration. TUI said the only three foreign companies to receive this license.

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