Foreign Invested Travel Agencies

Overseas tourist destinations are becoming increasingly popular among Chinese people who are fond of traveling in their leisure time. In line with the growing outbound tourist trend, many foreign-invested travel agencies have recently entered China’s ever-growing tourism market. As a result, Chinese citizens are now utilizing foreign agencies to organize and arrange trips to overseas destinations.

In 2003, Japan Airlines established the first foreign-invested travel agency (FITA) in China. Soon after, major players in the tourism industry like JTB Corporation and American Express Travel Ltd also opened branches in China. So far, most of the top ten tourist companies in Asia and Europe have opened China offices. Those forerunners of FITAs invested in China because they envisioned a promising future for China’s outbound tourism market.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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