TUI granted Chinese licence
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The China National Tourism Authority (CNTA) has granted an outbound licence to TUI China Travel Co Ltd. The licence clears the way for the European travel giant to organise international travel for Chinese holidaymakers. TUI China is only one of three foreign companies to have been granted such a licence, along with CITS American Express Travel Services Ltd, and JTB New Century International Tours Co Ltd.
“Recognising the market’s growth potential, we have invested in China and positioned the TUI brand early on. Our strategy has clearly been validated by the granting of the ‘outbound’ licence”, said TUI’s CEO, Michael Frenzel.
Prior to receiving the new licence, TUI China has focused on the inbound Chinese travel market. With the new license for international travel, TUI China will be able to further exploit the potential of the fast-growing Chinese tourism market.
TUI China was founded in 2003 as a joint-venture between TUI AG and China Travel Service.
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