beijing tourism group co. ltd

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BTG Hotels - M&A Summary and Business Overview

Leisure company, btg hotels m&a summary.

BTG Hotels has acquired 1 company.

The Company’s most targeted sectors include restaurants (100%) .

BTG Hotels Business Overview

Where is btg hotels headquartered.

BTG Hotels is headquartered in Beijing, China.

What sector is BTG Hotels in?

BTG Hotels is a leisure company.

When was BTG Hotels founded?

BTG Hotels was founded in 1998.

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• Total Countries Invested 1

Beijing Tourism Group Co., Ltd.

10 Yabao Road Chaoyang District, Beijing, 100020 China , +86-10-8562-9988 www.btg.com.cn

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Beijing Tourism Group Co., Ltd. is a provider of tourism services. Beijing Tourism Group was founded in 1998 and is based in Beijing, China.

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Beijing Tourism Group (BTG)

Publish Time：2016-05-10 22:13:35 Source： WTCF

【Introduction】：Founded in 1998, Beijing Tourism Group (BTG) has become a top tourism service group with subsidiaries of comprehensive strength in profound culture and history, rich brand resources, complete product chains and developed industrial clusters.

Founded in 1998, Beijing Tourism Group (BTG) has become a top tourism service group with subsidiaries of comprehensive strength in profound culture and history, rich brand resources, complete product chains and developed industrial clusters. It is among China’s top 500 companies and ranks high on the list of China’s top 10 tourism groups. Headquartered in Beijing, the group reaches out to the whole country with its second largest strategic industrial cluster based in Hainan Province. Nearly 300 shareholding and joint-stock companies from home and aboard, together with over 1600 member companies, constitute BTG strategic layout featuring domestic network and international chain. The six sectors of the Group, namely dining, lodging, transportation, travel, shopping and entertainment, cover businesses such as catering, hotels, transport, travel agency, retailing and scenic spots, etc.

By taking “brand + capital” as its strategy, asset securitization ratio of BTG has been on the rise. In 1996, Beijing Capital Retailing Group Co., Ltd, mainly focusing on tourism business, was listed on Shanghai Stock Exchange, making it a leading company in the industry; in 2000, Beijing Capital Tourism Co., Ltd, mainly focusing on hotels and scenic areas, was listed on Shanghai Stock Exchange, generating a good performance in the tourism sector; in 2006, Home Inn Group was listed on NASDAQ, blazing a trail for development of China’s economy chain hotels; in 2007, China Quanjude Group Co., Ltd, mainly focusing on catering, was listed on Shenzhen Stock Exchange, transforming from a time-honored Chinese brand to a modern chain company.

Abiding by the strategy of “becoming internationalized while fostering national brand”, and upholding the ideas of “Chinese Hospitality” featuring international standard, Chinese characteristics, and value for money, BTG intensifies the development of its brand chain management and is committed to the management layout of “one new section followed by one listed company, one brand series with one chain management system”.

BTG has enhanced its strategy management. Based on the master plan of BTG Development Plan for the Twelfth Five Year Plan, the group has formulated the following five supplemented plans, namely, the Talent Development Plan for the Twelfth Five Year Plan, Guidelines on BTG Employee Team Building, BTG Financial Plan for the Twelfth Five Year Plan, BTG Investment and Financing Plan for the Twelfth Five Years Plan, BTG Development Plan on Brand Building. All these supplemented plans have further clarified the development strategy of the group. BTG has improved its human resource management by building learning-oriented enterprise to create a people-oriented, harmonious family. Specifically, it focuses on staff training, in particular, on enhancing the quality of its operation managers; it has trained a pool of young and middle-aged cadres and recruited many medium- and senior-level managers and professionals from outside the company; its subsidized companies have set up enterprise annuity account for tens of thousands of employees.

BTG has been active in delivering its social responsibility. The group has participated in the reception and service work for various major events such as Beijing Olympic Games, Celebration Events for the 60th Anniversary of the National Day, China-Africa Cooperation Forum, Asian Fortune Forum and the 10th World Tourism and Travel Convention Summit, etc. It has received high appraisal from the whole country and guests from all countries. At the same time, BTG donated money and goods to the people in disaster-hit areas in 2008 and 2010 respectively due to the earthquake and wintry storms. BTG has also been active in participating in carbon emission working group of World Travel & Tourism Council and has made great contribution to low carbon, energy saving and environmental protection.

Going forward, BTG will be guided by the idea of “Chinese Hospitality” and implemented Scientific Outlook on Development to carry out the basic roadmap and major political guidelines established by Party Central Committee and the State Council. It will abide by the working requirements of CPC Beijing Municipal Committee, Beijing Municipal Government and Beijing SASAC. It will closely follow the new trend, change and features of economic situation at home and abroad. Based on the overall principle of “adjusting structure, innovating operation, intensifying management and Chinese Hospitality”, it will try to “change through innovation, progress through steady development, innovation and promote excellence through progress”, so as to realize the common development of the enterprise and the employees, to maintain harmony and stability, to share development result and to advance the sound and rapid development of the Group.

The content is provided by BTG.

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Unlocking the Potential of Asian Hospitality

A golden key for a new era of hospitality management.

Key International Hotels Management Co. Ltd is a joint venture between the Beijing Tourism Group, one of China’s largest tourism companies and Kempinski, Europe’s oldest luxury hotel brand. We manage a portfolio of almost 30 distinguished hotels across China and Southeast Asia under the brand names of Kempinski, NUO, Tangram and Bristoria, and recently provided technical and pre-opening solutions to The Universal Studios Grand Hotel and NUO Resort Hotel opened within Universal Beijing Resort, in 2021.

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Created in 1897, Kempinski Hotels is Europe’s oldest luxury hotel group. The portfolio comprises historic landmark properties, award-winning urban lifestyle hotels, outstanding resorts, and prestigious residences. Each one imbues the quality guests have come to expect from Kempinski while embracing the cultural traditions of its location. In 1992, we opened our first five-star luxury hotel in China and today Kempinski Hotels has become one of the most trusted management companies in the country.

Established in February 1998, with its current asset value exceeding 100 billion yuan, Beijing Tourism Group(BTG) ranks among the best of “Top 500 Most Valuable Brands in China” and the nation’s largest tourism groups. In line with the development concept of “moving towards globalization while creating ethnic brands”, BTG has built up a system of tourism related commerce and service industry with six basic elements of tourism, i.e., “catering, accommodation, transport, travel, shopping, and entertainment” through the efforts of three development stages – establishment, strategic restructuring and thorough reform. At present, BTG owns 4 listed companies – the BTG Hotels , Wangfujing Group, Beijing Capital Retailing Group and Quanjude.

Kempinski’s Vision for China

In the past few years alone, we have continued to open landmark five-star hotels including:

• The Capitol Kempinski Singapore in 2018
• The Apurva Kempinski Bali, Kempinski Hotel Hangzhou in 2019
• Kempinski Nanjing in 2019
• Kempinski Residences Guangzhou in 2020
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Beijing Tourism Group

• June 2015 NUO Hotel Beijing
• Dec 2016 Beijing Hotel NUO

The Joint Venture

Kempinski and Beijing Tourism Group established this momentous joint venture on June 5, 2001, with a mandate to operate Kempinski Hotels throughout China. As the portfolio grew, so did our luxury footprint when the partnership announced a new entry into the market – NUO, China’s first homegrown luxury brand. The grand opening of the first NUO Hotel was celebrated in 2015.

Our Journey

There have been many milestones in the two decades that Kempinski and BTG have been introducing five-star hotels and resorts to cities across China and Asia. Take a journey to discover the portfolio of properties that have set the standard in luxury hospitality in the market. The future also holds exciting developments with new brands and partnerships becoming part of our story….

Universal Beijing Resort announces two extraordinary hotels managed by Key International

Universal Beijing Resort is a widely anticipated theme park destination opening in 2021 including the first ever Universal-themed hotel and the first NUO brand resort hotel

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Located in the unique Sindhorn Village, our second property in Bangkok will be where service is personalised with purpose, and wellbeing is at the heart of every experience.

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Nestled along the southern end of the extraordinary Grand Canal (a UNESCO World Heritage Site) Hangzhou welcomed the first Kempinski property in Zhejiang province

The Long Term Future of Our Partnership is Announced

Kempinski and BTG announce the extension of their joint venture agreement for 50 years, demonstrating the long-term vision of the two companies.

Kempinski Home to World Leaders during China’s Belt and Road Forum

The Belt and Road Forum for International Cooperation is hosted at Yanqi Lake International Convention Centre, attracting heads of state and business leaders from around the world, who stay at Yanqi Lake Kempinski Hotel Beijing during the event.

Prestigious Address Near Forbidden City for Second NUO Hotel Opening

NUO is awarded the management contract for Raffles Beijing Hotel, which reopens as Beijing Hotel NUO commanding a prestigious address on Chang’an Avenue, blending classical Chinese luxury with contemporary style and service.

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Universal Theme Park and Resort Planned for Beijing

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Beijing, China

The new theme park will include attractions created exclusively for China, plus Universal’s most popular theme park experiences from across the globe.

Development of a world-class Universal theme park in Beijing has been approved by the Chinese central government. The theme park will include all-new attractions designed especially for it as well as some of Universal’s most popular themed entertainment experiences from around the world.

The overall investment in the Universal Beijing theme park will be more than 20 billion RMB. It will be jointly owned by Beijing Shouhuan Cultural Tourism Investment Co., Ltd. (BSH Investment), a consortium of four state-owned companies, and Universal Parks & Resorts, a business unit of Comcast NBCUniversal.

The Universal Beijing theme park and support facilities will occupy a 120-hectare (approximately 300-acre) site located northwest of the intersection of the Beijing-Harbin Expressway and the East Sixth Ring Road in Tongzhou District, Beijing. The theme park will be accompanied by a Universal CityWalk entertainment complex featuring multiple retail, dining and entertainment opportunities, and a first-ever Universal-themed resort hotel, collectively forming the core components of the resort. Additional phases are planned, with the resort eventually encompassing 400 hectares (approximately 1,000 acres).

Specific details for Universal Beijing as well as an opening timeframe will be announced at a later date, as BSH Investment and Universal Parks & Resorts formalize their agreement and complete all steps necessary to move this project forward. The theme park will blend China’s rich cultural heritage with Universal Parks & Resorts’ unique brand of compelling family entertainment. The new destination is the latest project for Universal Parks & Resorts, which has theme park locations in Orlando and Hollywood as well as licensed theme parks in Osaka and Singapore. More than 35 million people visited Universal’s existing theme parks around the globe in 2013 and experienced attractions such as Despicable Me Minion Mayhem, Jurassic Park River Adventure and more.

"Chinese people love the movies and exciting entertainment, and we are proud to introduce China’s first Universal theme park and CityWalk, as well as the first Universal-branded hotel anywhere in the world," said Duan Qiang, Chairman of Beijing Tourism Group and BSH Investment.

"Universal Beijing will showcase blockbuster movie themes and present entertaining family shows that will highlight the very best of popular culture. It will be a tourism crown jewel, not only for Beijing but for all of China, bringing extraordinary entertainment experiences to the Chinese people and to our guests from around the world. In bringing Universal to China, we will also share the best of China with the world," Duan added.

"Universal Beijing will create a higher level of economic growth, understanding and cultural exchange between our two countries. Together, we will create a unique experience that spotlights hugely popular Western entertainment concepts as well as China’s rich cultural legacy. This will be an opportunity to build relationships with the Chinese people on a direct and personal level," said Tom Williams, Chairman and Chief Executive Officer of Universal Parks & Resorts.

"We are excited to be working with our partners at Beijing Tourism Group and at BSH Investment, under the leadership of Chairman Duan, and we are thankful for the strong support of the Chinese central and Beijing municipal governments," Williams added.

About Beijing Shouhuan Cultural Tourism Investment Co., Ltd.

Approved by the Beijing Municipal Government, Beijing Shouhuan Cultural Tourism Investment Company, Ltd. (BSH Investment) was founded for the purpose of supporting the Universal Beijing theme park and resort in its investment, development, operation and management. BSH Investment was established in November 2013 with an initial registered capital of 3.3 billion RMB.

Under the guideline to "drive the development of an industry and a region with a project," BSH Investment and Universal Parks & Resorts will jointly invest, develop, construct and operate the Universal Beijing theme park with world-class design, technology, creativity and environmental protection. BSH Investment will use this project as a good opportunity to grow across various tourism industries, including resort hotels, retail, entertainment, exhibitions, sports and leisure, as well as the emerging industries of movie and TV production, performing arts and creative design. BSH Investment will build the top-notch Beijing International Tourism Resort with scientific planning and integrated development.

BSH Investment will make full use of the diversified brands, affluent capital, abundant resources and large networks of its shareholders and seize the opportunity of cooperating with Universal Parks & Resorts to build one of the best theme parks in the world and a renowned tourist destination in China and throughout the world. BSH Investment will make continuous effort to improve its competitiveness, innovation, operation and management capabilities and to grow its role in the cultural tourism industry. BSH Investment will also create competitive advantages in brand identity, management capability, intellectual property usage, and talent development. Based in Beijing and reaching out to the rest of China, BSH Investment is evolving into a top company in cultural tourism investment in China with distinct industry advantages and operational characteristics, excellent business performance, strong core competitiveness and sustainability through brand development and specialized management expertise.

About Universal Parks & Resorts

Universal Parks & Resorts, a unit of Comcast NBCUniversal, offers guests around the globe today’s most relevant and popular entertainment experiences. With three-time Academy Award winner Steven Spielberg as creative consultant, its theme parks are known for creating immersive experiences for guests with some of the world’s most thrilling and technologically advanced film- and television-based attractions. Comcast NBCUniversal is a global media and technology company that owns and operates a valuable portfolio of news, sports and entertainment networks; Universal Pictures, a premier motion picture company; significant television production operations; a leading television stations group; and world- renowned theme parks.

Comcast NBCUniversal wholly owns Universal Studios Hollywood, which includes Universal CityWalk Hollywood, featuring more than 65 retail, dining and entertainment venues. It also owns Universal Orlando Resort, a world-class destination resort featuring two theme parks (Universal Studios Florida and Universal’s Islands of Adventure), four resort hotels, and Universal CityWalk Orlando, a 30-acre dining, shopping and entertainment complex. Comcast NBCUniversal also has license agreements with Universal Studios Japan in Osaka, Japan and Universal Studios Singapore at Resorts World Sentosa, Singapore. In addition, Comcast NBCUniversal has announced a prospective indoor Universal Studios theme park to be developed as part of the Galactica Park project in Moscow. Signature attractions at Comcast NBCUniversal’s existing theme parks include The Wizarding World of Harry Potter, TRANSFORMERS: The Ride-3D, Despicable Me Minion Mayhem, Jurassic Park River Adventure and more.

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Beijing Jingxi Culture & Tourism Co.,Ltd (China)

As the first local tourism resource oriented company that went public, the company’s business covers tourist attractions, hotels, restaurants, tourism products, wholesale, building decoration etc. On November 22, 2004, Beijing Jingxi New South City Investment & Development Co. became major shareholder of the company. Currently, the company owns a subsidiary (Beijing Longquan Hotel Co., Ltd.) and seven branches (Tanzhesi Scenic Area Branch Company, Jietaisi Scenic Area Branch Company, Miaofengshan Scenic Area Branch Company, Lingshan Mountain Scenic Area Branch Company, Department Store Branch Company, Baihua Taxi Branch Company, Saiyang Special Cement Production Branch Company).

Headquarters Building 12 21 Shuizha Road Mentougou District Beijing Chaoyang; Liaoning; Postal Code: 100102

Contact Details: Purchase the Beijing Jingxi Culture & Tourism Co.,Ltd report to view the information.

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BTG Hotels (Group) Co., Ltd.

Cne0000012q3, hotels, motels & cruise lines.

• Beijing Tourism Group Co., Ltd. agreed to acquire 8.28% stake in Beijing Shouqi Co., Ltd. from BTG Hotels Co., Ltd. for approximately CNY 160 million.

Beijing Tourism Group Co., Ltd. agreed to acquire 8.28% stake in Beijing Shouqi (Group) Co., Ltd. from BTG Hotels (Group) Co., Ltd. (SHSE:600258) for approximately CNY 160 million on April 25, 2016. As of December 31, 2015, Beijing Shouqi (Group) Co., Ltd. reported total assets of CNY 4.2 billion, net assets of CNY 2.4 billion, revenue of CNY 7.7 billion, net loss of CNY 147 million. The deal is subject to approval of shareholders of BTG Hotels (Group) Co., Ltd. in a meeting to be held on May 20, 2016.

Shareholders of BTG Hotels (Group) Co., Ltd. approved the transaction on May 20, 2016.

Latest news about BTG Hotels (Group) Co., Ltd.

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Income statement evolution, ratings for btg hotels (group) co., ltd., analysts' consensus, eps revisions, quarterly earnings - rate of surprise, sector hotels & motels.

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Utour Group started life as ‘UTS’ in 1995 before its formal incorporation a decade later in 2005.For over 20 years, we have been at the forefront of overseas travel and tourism in China, helping literally millions of satisfied customers to travel the world with complete confidence. From locating the best deals on flight reservations, hotel bookings and travel insurance to our comprehensive range of packaged holiday products, we are committed to providing our customers with unbeatable outbound travel experiences that they will cherish for a lifetime.

In 2015, we started out on a journey to expand our international product and service offering into areas ranging from overseas real estate, immigration, and M.I.C.E to medical care, education and financial services. Today, we are China’s leading non state-owned, fully-integrated travel, tourism and cross-border services conglomerate employing over 3,600 staff nationwide with a total of 29 wholly-owned subsidiaries to our name and a growing portfolio of strategic investments in companies that share our vision of creating a new standard of excellence here in China.