TravelSky Expertise Restricted
Public
Traded as SEHK: 696
Trade Aviation
Based Listed February 7, 2001
Headquarters ,

Variety of places

300 Chinese language cities, Hong Kong, Singapore, Japan and South Korea

Space served

China (main market)

Key folks

Xu Qiang (Chairman)
Cui Zhixiong and Xiao Yinhong (Govt Administrators)
Wang Quanhua, Luo Chaogeng, Cao Guangfu (Non-Govt Administrators)
Yik Wing Fats, Simon, Yuan Yaohui, Chua Keng Kim (Unbiased Non-Govt Administrators)
Ding Weiping (Firm Secretary)[citation needed]
Companies IT companies
Income Increase940 USD?
IncreaseHong Kong Greenback ?
IncreaseHKD ?
Complete property IncreaseHKD ?
Complete fairness IncreaseHKD ?

Variety of workers

>4,000 (2012)[1]
Web site www.travelsky.com

TravelSky Expertise Restricted is a Chinese language listed firm on the Hong Kong share market and the dominant supplier of data expertise options[buzzword] to Individuals’s Republic of China’s air journey and tourism industries. Its shoppers embody airways, airports, air journey suppliers, journey businesses, particular person and company journey shoppers and cargo companies. Its majority shareholder or mum or dad group is the China TravelSky Holding Firm a State-owned enterprise (SOE) in China.

Historical past[edit]

Initially “a authorities unit staffed with solely dozens of individuals”,[1] the organisation has grown with Chinese language aviation reform to symbolize a bunch of corporations in a number of nations.[1]

Company construction[edit]

TravelSky Expertise Restricted was listed on the Hong Kong Inventory Trade in July 2008 with inventory code 0696.HK and TSYHY. New York. Its majority shareholder is the China TravelSky Holding Firm which itself is a nationwide enterprise below the State-owned Property Supervision and Administration Fee of the State Council. The core holding is TravelSky Expertise Restricted.[1] TravelSky Expertise Restricted is owned by China TravelSky Holding Firm.[1]

Headquarters[edit]

TravelSky is headquartered in Beijing, with over 7,255 workers.[1]

Subsidiaries[edit]

TravelSky has 12 branches, 18 subsidiaries (together with subsidiaries in Hong Kong, Japan, Singapore and South Korea), Eight affiliated corporations.

Prospects[edit]

The Group’s journey service distribution community includes greater than 70,000 gross sales terminals owned by greater than
8,000 journey businesses and journey service distributors, with high-level networking and direct hyperlinks to all World
Distribution Techniques (“GDSs”) around the globe and 137 international and regional industrial airways by means of SITA
networks, masking over 400 home and abroad cities.
[1] The Group rendered expertise help and localized
companies to journey businesses and journey service distributors by means of greater than 40 native distribution centres throughout
China and 9 abroad distribution centres throughout Asia, Europe, North America and Australia. The community
processed over 422.Four million transactions throughout 2016 with its transaction quantity reaching RMB424.Eight billion.[1]

Companies[edit]

AIT[edit]

The aviation data expertise (“AIT”) companies supplied by the Firm, which encompass a sequence of merchandise and options[buzzword], are supplied to 38 industrial airways within the PRC and greater than 350 international and regional industrial airways. The AIT companies comprised digital journey distribution (“ETD”) companies (together with Stock Management System (“ICS”) companies and Laptop Reservation System (“CRS”) companies) and Airport Passenger
Processing (“APP”) companies, in addition to different prolonged data expertise options[buzzword] associated to the above core companies, together with however not restricted to, product companies for supporting aviation alliances, options[buzzword] for creating e-tickets and e-commerce, knowledge companies for supporting decision-making of economic airways in addition to data administration system for enchancment of floor operational effectivity

Digital journey Distribution[edit]

Digital journey distribution (ETD) companies embody:

  • Stock Management System (ICS)
  • Laptop Reservation System (CRS)
  • Airport Passenger Processing (APP)

ETD companies embody knowledge companies to help choices of economic airways, product service to help aviation alliance, options[buzzword] for creating industrial airways’ e-ticket and e-commerce in addition to data administration techniques to enhance floor operational effectivity of economic airways and airports.

Transaction quantity[edit]

2010[edit]

In August 2010, Travelsky processed 27,664,743 bookings on Chinese language industrial airways, and 1,076,297 bookings on international and regional industrial airways.

2009[edit]

In August 2009, Travelsky processed 23,615,669 bookings on Chinese language industrial airways, and 841,025 bookings on international and regional industrial airways.

2006[edit]

Travelsky’s ETD system processed roughly 173.zero million bookings on home and abroad industrial airways in 2006.
Digital tickets bought amounted to roughly 71.6 million segments in 2006 by home airways by means of the Firm’s BSP (Billing and Settlement Plan) digital ticketing, Airline Directsale digital ticketing and Airline On-line digital ticketing. Digital tickets amounted to 81.4% of all tickets in 2006, making China the second largest person of digital tickets on the planet, after the USA.

In 2006, the brand new era APP (NewAPP) entrance system developed by the corporate was additional put in in a number of home airports together with Beijing Capital Airport and Pudong Airport in Shanghai. In consequence, 45 home airports at the moment are utilizing the Firm’s NewAPP entrance system, which helped set up its main place at home giant and medium airports. In 2006, abroad and regional industrial airways utilizing the corporate’s APP techniques elevated to 29. Along with these accesses from abroad and regional industrial airways to the corporate’s multi-host connecting program, a complete of two.Four million passenger departures have been processed.

The Group’s journey distribution community includes roughly 58 thousand gross sales terminals owned by greater than 6,500 journey businesses or journey service distributors, with high-level networking and direct hyperlinks to all GDS around the globe and 29 international and regional industrial airways by means of SITA networks, masking over 400 home and abroad cities. The Group rendered expertise help and localised companies to journey businesses and journey service distributors by means of greater than 30 native distribution facilities throughout China and 4 abroad distribution facilities in Hong Kong, Singapore, Japan and South Korea.

In 2006, the group stored perfecting the lodge distribution system to actively cooperate with the upstream journey product suppliers and the downstream journey service distributors. All year long, the Firm efficiently distributed 230.Four thousand resorts’ roomnights, representing a year-on-year enhance of 4.5 instances. In 2006, capturing alternatives airing from the rising calls for for China’s aviation data security, the Group proactively expanded its data expertise integration service to advertise its enterprise within the subject.

On the January 1, 2001, InfoSky, the three way partnership between the corporate and SITA, commenced operation. InfoSky launched and developed a sequence of artistic technical merchandise for air logistics enterprise resembling airways, airport cargo terminals, freight forwarders and logistics service suppliers. InfoSky gives cargo system companies for greater than 11 airways and 15 airports.[when?]

The H shares of the corporate have been listed on the Inventory Trade of Hong Kong Restricted on February 7, 2001, commerce code 0696, and the web proceeds from the issuance of H shares amounted to roughly HK$1.2 billion. After the corporate was listed, we acquired a lot recognition from traders and have been ranked ‘Greatest Run’ by Hong Kong Trade.

Achievements[edit]

2002[edit]

TravelSky was nominated as one of many Deloitte Touche Tohmastsu Expertise Quick 500, with the web revenue enhance price of 38%, TravelSky was ranked 218th within the checklist.

The US Securities and Trade Fee authorized the corporate’s Sponsored Stage 1 American depositary receipt programme.

2001[edit]

In 2001 Forbes recognised TravelSky, together with solely seven different listed entities, as one of many 200 finest small-scale enterprises on the planet.

Industrial outlook[edit]

In response to its web site in 2010, TravelSky is concentrated on diversification within the journey market, together with travel-related rental and lodge reservation.[2]

References[edit]

Exterior hyperlinks[edit]

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