ResearchreportontourismAccordingtothestatisticsbyWorldTourismOrganization(WTO),lastyearsawupto663millioninternationaltravelersofwhichChineseaccountedfor11.1%.AsMr.XuJing,OfficialwithWorldTourismOrganizationAsia-PacificDepartment,Chinaisfacingthegreatopportunityofdevelopingtourism.By2020,137millionglobaltravelerswillcometoChina,estimatedWTO.Chinawillbecomethefirstlargesttravelsiteorthefourthlargesttravelersexportingcountry.Asthelighteninghotspotofthethirdindustry,tourismcontinuesthefastandsteadygrowthdomestically.Theoverseastravelhassustained14%growthfor6seasons.TheearningsinhardcurrencyofthesecondseasonthisyearevenhitUS4239milliondollars,19.2%higheroverthesameperiodlastyear.MeanwhilethehometravelalsoexperienceditshistoricalpeakaroundtheInternationalLaborDay.Thestatisticsshowsthatthenationaltravelersreached46millionperson-timeandthetravelexpensewasaboutRMB18.1billion,15%and27%higherrespectivelythanthatoflastNationalDay.Undersuchfavorablecircumstances,whatistheoperationalstatusofthemainlandlistedtourismcompanies?EncouragementbehinddespondencyTrytoanalyzetheprofitchangeonmajorbusinessesofthetourismlistedcompaniesforthelast2years.Form1Growthratechangeonmajorbusinessesofeachkindoftourismlistedcompanies(Unit:%)Growthrateoverlastyear1999/19981998/1997Scenerysites2612Miscellaneous308Hotel-12-9Tourism9-1ShenzhenandShanghaistockmarkets146Wecantellfromtheabove,majorbusinessincomeoftourismlistedcompanieshastrailedthatofShenzhenandShanghaistockmarketssince1998withtheobviousdeclineonhotelenterprises,comparativestableevolutionofscenerysitesonesandgreatfluctuationofmiscellaneousones.Thegeneralresultsoftourismlistedcompaniesbymid-term2000decreasedcomparingwiththatoflastyeardespiteofthegeneralgettingwellofnationaleconomyandtourism.Theaverageearningpershareof29tourismlistedcompaniesis0.05yuanexcludingHuashanJinmawhodidnotsubmititsinterimreport,farlowerthantheaverageearningpershareofallthelistedcompanieswhichturnedouttobe0.1yuan.Actuallyitwas0.07yuanlastyearthesameperiod.Form2Operationalstatusalterationfrommid-term1999tomid-term2000CategoryIncomegrowthonmajorbusinesses(%)Netprofitgrowth(%)EarningspersharegrowthGrowthofnetassettoincomeGeneraltourism13-18-35-49Scenerysites0-38-49-64Hotel21-8-40-75Miscellaneous12-1-6-2Form2showsthatthenetprofitgrowthofgeneraltourismlistedcompaniesis-18%,withthesharpestdeclineofscenerysitecategory.Neverthelessincomeonmajorbusinessesoftourismlistedcompanieshasalreadyrealizedtheincreasesince1999onthewhole,especiallythehotelcategory.Thisdefinitelybringsprospectforthetourismmarketinvestorsformerlyupagumtree.ChoiceinhesitationAlthoughtheinfiniteprospecttiesthetourism,thelowerentrancestandardofitsmarketresultedinthecruelcompetition.Manycompaniesdeservedillofpricewarstartedupbycut-throatcompetition.Fromlaterhalfyearof1999tonow,tourismlistedcompanieshasenteredamultidevelopmentfieldwithaneyetohigh-techindustry.ListedcompanyCategoryInvestmentalterationChinaYouthTravelService(600138)MiscellaneousSystemintegrationandInternetapplicationdevelopment,high-techproductsdevelopment,high-techindustryventurecapitalChinaPan-tourism(600118)MiscellaneousDealswithhigh-techindustryutilizingscience,industryandtrade.CapitalTourism(600258)MiscellaneousInvestsonShenzhenTsinghuaTongfang,purchasesBejingXinbeiHighEducationTechnologyCompanyTibetShendi(600749)MiscellaneousThepresidentexpressedt...
