Leadership Changes at Three Chinese Travel Companies: CTS, CYTS and Huangshan Tourism

Key points

• On September 11, 2026, the Central Organization Department announced Shi Dai as Chairman of China Travel Service (Holdings) Hong Kong and concurrently Chairman of China Tourism Group, succeeding Wang Haimin who moved to China Resources in July.
• On September 10, 2026, Huangshan Tourism Chairman Zhang Dehui resigned due to a change in position, and director Qin Guoyuan resigned the same day; on September 11 the board elected President Sun Jun as Chairman, with the transition taking only one day.
• On August 19, 2026, CYTS Chairman Ni Yangping resigned due to job transfer, about two years early, with Vice Chairman Zhao Peng temporarily assuming duties.
• China Travel Service Hong Kong turned profitable in H1 2026 after divesting five loss-making tourism real-estate projects and acquiring Songhua Lake ice-and-snow assets, which contributed HK$208 million in H1 revenue.
• CYTS H1 2026 revenue was RMB 5.385 billion, up 10.68% year on year, but net profit attributable to shareholders was RMB 22.1293 million, down 66.90%.
• Huangshan Tourism H1 2026 revenue was RMB 988 million, up 5.11% year on year; net profit attributable to shareholders was RMB 130 million, up 2.94%; visitor arrivals were 2.4535 million, up 8.37%.