TravelSky

Last updated
TravelSky Technology Limited
TypePublic
SEHK:  696
Industry Aviation
FoundedListed February 7, 2001
Headquarters,
Number of locations
300 Chinese cities, Hong Kong, Singapore, Japan and South Korea
Area served
China (primary market)
Key people
Xu Qiang (Chairman)
Cui Zhixiong and Xiao Yinhong (Executive Directors)
Wang Quanhua, Luo Chaogeng, Cao Guangfu (Non-Executive Directors)
Yik Wing Fat, Simon, Yuan Yaohui, Chua Keng Kim (Independent Non-Executive Directors)
Ding Weiping (Company Secretary)[ citation needed ]
Services IT services
RevenueIncrease2.svg 940 USD?
Increase2.svg Hong Kong Dollar  ?
Increase2.svg HKD  ?
Total assets Increase2.svg HKD  ?
Total equity Increase2.svg HKD  ?
Number of employees
>4,000 (2012) [1]
Website www.travelsky.com

TravelSky Technology Limited is the dominant provider of information technology services to the Chinese air travel and tourism industries. Its clients include airlines, airports, air travel suppliers, travel agencies, individual and corporate travel consumers and cargo services. It is listed on the Hong Kong stock exchange and its majority shareholder or parent group is the China TravelSky Holding Company, a State-owned enterprise (SOE).

Contents

History

Originally "a government unit staffed with only dozens of people", [1] the organisation has grown with Chinese aviation reform to represent a group of companies in multiple countries. [1]

Corporate structure

TravelSky Technology Limited was listed on the Hong Kong Stock Exchange in July 2008 with stock code 0696.HK and TSYHY. New York. Its majority shareholder is the China TravelSky Holding Company which itself is a national enterprise under the State-owned Assets Supervision and Administration Commission of the State Council. The core holding is TravelSky Technology Limited. [1] TravelSky Technology Limited is owned by China TravelSky Holding Company. [1]

Headquarters

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

Subsidiaries

TravelSky has 12 branches, 18 subsidiaries (including subsidiaries in Hong Kong, Japan, Singapore and South Korea), 8 affiliated companies.

Customers

The Group's travel service distribution network comprises more than 70,000 sales terminals owned by more than 8,000 travel agencies and travel service distributors, with high-level networking and direct links to all global distribution systems (GDSs) around the world and 137 foreign and regional commercial airlines through SITA networks, covering over 400 domestic and overseas cities. [1] The Group rendered technology support and localized services to travel agencies and travel service distributors through more than 40 local distribution centres across China and 9 overseas distribution centres across Asia, Europe, North America and Australia. The network processed over 422.4 million transactions during 2016 with its transaction amount reaching RMB424.8 billion. [1]

Services

AIT

TravelSky's aviation information technology (AIT) services are used by 38 commercial airlines in the PRC and more than 350 foreign and regional commercial airlines. They support electronic travel distribution (ETD), including Inventory Control (ICS) and Computer Reservations (CRS), Airport Passenger Processing (APP), airline alliances, e-tickets and e-commerce, decision-making, and ground operational efficiency.

Electronic travel Distribution

Electronic travel distribution (ETD) services include:

  • Inventory Control System (ICS)
  • Computer Reservation System (CRS)
  • Airport Passenger Processing (APP)

ETD services include data services to support decisions of commercial airlines, product service to support aviation alliance, solutions[ buzzword ] for developing commercial airlines' e-ticket and e-commerce as well as information management systems to improve ground operational efficiency of commercial airlines and airports.

Front-End Development

Umetrip (航旅纵横) is a mobile application developed by TravelSKy, providing flight booking, management, and flight tracking information services through its PSS platform. [2] [3]

Other front-end applications developed by TravelSky include airfare search engine SearchOne, airline operation monitoring system SkyOne, information security monitoring system TSM.

Transaction volume

2010

In August 2010, Travelsky processed 27,664,743 bookings on Chinese commercial airlines, and 1,076,297 bookings on foreign and regional commercial airlines.

2009

In August 2009, Travelsky processed 23,615,669 bookings on Chinese commercial airlines, and 841,025 bookings on foreign and regional commercial airlines.

2006

Travelsky's ETD system processed approximately 173.0 million bookings on domestic and overseas commercial airlines in 2006. Electronic tickets sold amounted to approximately 71.6 million segments in 2006 by domestic airlines through the Company's BSP (Billing and Settlement Plan) electronic ticketing, Airline Directsale electronic ticketing and Airline Online electronic ticketing. Electronic tickets amounted to 81.4% of all tickets in 2006, making China the second largest user of electronic tickets in the world, after the United States.

In 2006, the new generation APP (NewAPP) front system developed by the company was further installed in several domestic airports including Beijing Capital Airport and Pudong Airport in Shanghai. As a result, 45 domestic airports are now using the Company's NewAPP front system, which helped establish its leading position at domestic large and medium airports. In 2006, overseas and regional commercial airlines using the company's APP systems increased to 29. Together with those accesses from overseas and regional commercial airlines to the company's multi-host connecting program, a total of 2.4 million passenger departures were processed.

The Group's travel distribution network comprises approximately 58 thousand sales terminals owned by more than 6,500 travel agencies or travel service distributors, with high-level networking and direct links to all GDS around the world and 29 foreign and regional commercial airlines through SITA networks, covering over 400 domestic and overseas cities. The Group rendered technology support and localised services to travel agencies and travel service distributors through more than 30 local distribution centers across China and four overseas distribution centers in Hong Kong, Singapore, Japan and South Korea.

In 2006, the group kept perfecting the hotel distribution system to actively cooperate with the upstream travel product providers and the downstream travel service distributors. Throughout the year, the Company successfully distributed 230.4 thousand hotels' roomnights, representing a year-on-year increase of 4.5 times. In 2006, capturing opportunities airing from the increasing demands for China's aviation information safety, the Group proactively expanded its information technology integration service to promote its business in the field.

On the January 1, 2001, InfoSky, the joint venture between the company and SITA, commenced operation. InfoSky introduced and developed a series of creative technical products for air logistics enterprise such as airlines, airport cargo terminals, freight forwarders and logistics service providers. InfoSky offers cargo system services for more than 11 airlines and 15 airports.[ when? ]

The H shares of the company were listed on the Stock Exchange of Hong Kong Limited on February 7, 2001, trade code 0696, and the net proceeds from the issuance of H shares amounted to approximately HK$1.2 billion. After the company was listed, we received much recognition from investors and were ranked 'Best Run' by Hong Kong Exchange.

Achievements

2002

TravelSky was nominated as one of the Deloitte Touche Tohmastsu Technology Fast 500, with the net income increase rate of 38%, TravelSky was ranked 218th in the list.

The United States Securities and Exchange Commission approved the company's Sponsored Level 1 American depositary receipt programme.

2001

In 2001 Forbes recognised TravelSky, along with only seven other listed entities, as one of the 200 best small-scale enterprises in the world.

Commercial outlook

According to its website in 2010, TravelSky is focused on diversification in the travel market, including travel-related rental and hotel reservation. [4]

Related Research Articles

<span class="mw-page-title-main">Cathay Pacific</span> Flag carrier and largest airline of Hong Kong

Cathay Pacific Airways Limited (CPA), more widely known as Cathay Pacific, is the largest carrier of Hong Kong with its head office and main hub located at Hong Kong International Airport. The airline's operations and subsidiaries have scheduled passenger and cargo services to over 190 destinations and present in more than 60 countries worldwide including codeshares and joint ventures. Cathay Pacific operates a fleet consisting of Airbus A321neo, Airbus A330, Airbus A350, and Boeing 777 aircraft. Cathay Cargo operates two models of the Boeing 747. Defunct wholly-owned subsidiary airline Cathay Dragon, which ceased operations in 2020, previously flew to 44 destinations in the Asia-Pacific region from its Hong Kong base. In 2010, Cathay Pacific and Cathay Pacific Cargo, together with Cathay Dragon, carried nearly 27 million passengers and over 1.8 million tons of cargo and mail.

<span class="mw-page-title-main">Hong Kong International Airport</span> Largest commercial airport serving Hong Kong; located in Chek Lap Kok

Hong Kong International Airport is an international airport located on the island of Chek Lap Kok in western Hong Kong. The airport is also referred to as Chek Lap Kok International Airport or Chek Lap Kok Airport, to distinguish it from its predecessor, the former Kai Tak Airport.

China Southern Airlines Company Limited, also known as China Southern, is an airline headquartered in Baiyun District, Guangzhou, Guangdong Province and is the largest airline in China. Established on 1 July 1988 following the restructuring of the CAAC Airlines that acquired and merged a number of domestic airlines, the airline became one of China's "Big Three" airlines, the world's sixth-largest airline measured by passengers carried and Asia's largest airline in fleet size, revenue, and passengers carried. With its main hubs at Guangzhou Baiyun International Airport and Beijing Daxing International Airport, the airline operates more than 2,000 flights to more than 200 destinations daily and was a member of SkyTeam until 1 January 2019. The airline started a frequent flyer program partnership with American Airlines in March 2019. The logo of the airline consists of a kapok flower on a blue tail fin. The company slogan is Fly towards your dreams.

Computer reservation systems, or central reservation systems (CRS), are computerized systems used to store and retrieve information and conduct transactions related to air travel, hotels, car rental, or other activities. Originally designed and operated by airlines, CRSs were later extended for use by travel agencies, and global distribution systems (GDSs) to book and sell tickets for multiple airlines. Most airlines have outsourced their CRSs to GDS companies, which also enable consumer access through Internet gateways. Modern GDSs typically also allow users to book hotel rooms, rental cars, airline tickets as well as other activities and tours. They also provide access to railway reservations and bus reservations in some markets, although these are not always integrated with the main system. These are also used to relay computerized information for users in the hotel industry, making reservation and ensuring that the hotel is not overbooked.

Sabre Global Distribution System, owned by Sabre Corporation, is a travel reservation system used by travel agents and companies to search, price, book, and ticket travel services provided by airlines, hotels, car rental companies, rail providers and tour operators. Originally developed by American Airlines under CEO C.R. Smith with the assistance of IBM in 1960, the booking service became available for use by external travel agents in 1976 and became independent of the airline in March 2000.

Hong Kong Airlines Limited is an airline based in Hong Kong, with its headquarters in the Tung Chung district and its main hub at Hong Kong International Airport. It was established in 2006 as a member of the HNA Group and flies to 25 destinations across Asia Pacific. The company slogan was changed from Fresh + very Hong Kong to Where Hong Kong Begins.

<span class="mw-page-title-main">Boarding pass</span> Document provided to an air-travel passenger functioning as a ticket.

A boarding pass or boarding card is a document provided by an airline during airport check-in, giving a passenger permission to enter the restricted area of an airport and to board the airplane for a particular flight. At a minimum, it identifies the passenger, the flight number, the date, and scheduled time for departure. A boarding pass may also indicate details of the perks a passenger is entitled to and is thus presented at the entrance of such facilities to show eligibility.

<span class="mw-page-title-main">Electronic ticket</span> Digital ticket

An electronic ticket is a method of ticket entry, processing, and marketing for companies in the airline, railways and other transport and entertainment industries.

<span class="mw-page-title-main">Aviation history of Hong Kong</span>

The Aviation history of Hong Kong began in Sha Tin on 18 March 1911, when Belgian pilot Charles den Born successfully took off on an aeroplane retrospectively named Spirit of Sha Tin. A replica of the aircraft is hung at the new Chep Lap Kok airport above the arrivals hall.

<span class="mw-page-title-main">SITA (company)</span> Swiss multinational information technology company

SITA is a multinational information technology company providing IT and telecommunication services to the air transport industry. The company provides its services to around 400 members and 2,500 customers worldwide, which it claims is about 90% of the world's airline business. Around the world, nearly every passenger flight relies on SITA technology.

<span class="mw-page-title-main">Bag tag</span> Ticket attached to luggage for identification

Bag tags, also known as baggage tags, baggage checks or luggage tickets, have traditionally been used by bus, train, and airline carriers to route checked luggage to its final destination. The passenger stub is typically handed to the passenger or attached to the ticket envelope:

  1. to aid the passenger in identifying their bag among similar bags at the destination baggage carousel;
  2. as proof—still requested at a few airports—that the passenger is not removing someone else's bag from the baggage reclaim hall; and
  3. as a means for the passenger and carrier to identify and trace a specific bag that has gone astray and was not delivered at the destination. The carriers' liability is restricted to published tariffs and international agreements.
<span class="mw-page-title-main">Amadeus IT Group</span> Spanish travel technology company

Amadeus IT Group, S.A. is a major Spanish multinational technology company that provides software solutions for the global travel and tourism industry. It is the world's leading provider of travel technology that focus on developing software for airlines, hotels, travel agencies, and other travel-related businesses to enhance their operations and customer experiences.

<span class="mw-page-title-main">Airport check-in</span> Process of being approved to board an airplane

Airport check-in is the process whereby an airline approves airplane passengers to board an airplane for a flight. Airlines typically use service counters found at airports for this process, and the check-in is normally handled by an airline itself or a handling agent working on behalf of an airline. Passengers usually hand over any baggage that they do not wish or are not allowed to carry in the aircraft's cabin and receive a boarding pass before they can proceed to board their aircraft.

Interlining, also known as interline ticketing and interline booking, is a voluntary commercial agreement between individual airlines to handle passengers traveling on itineraries that require multiple flights on multiple airlines. Such agreements allow passengers to change from one flight on one airline to another flight on another airline without having to gather their bags or check-in again. Airlines can also promise free rebooking if the connection is lost due to a delay.

Airline reservation systems (ARS) are systems that allow an airline to sell their inventory (seats). It contains information on schedules and fares and contains a database of reservations and of tickets issued. ARSs are part of passenger service systems (PSS), which are applications supporting the direct contact with the passenger.

Videcom International Limited is a United Kingdom travel technology company based in Henley-on-Thames. It designs, develops and provides modern computer reservations systems to airlines and the travel industry, specializing in the hosting and distribution of airline sales.

Alternate air ticket purchasing order systems allow for alternative ways of purchasing air tickets and GDS Connectivity not involving Internet or personal TA contact.

<span class="mw-page-title-main">Civil aviation in China</span> Industry and logistics operations

As of December 2017, there are 229 commercial airports in China.

The Electronic Miscellaneous Document (EMD) is an International Air Transport Association (IATA) standard for electronically documenting ancillary revenue; that is, all other sales and transactions between airlines and passengers besides electronic tickets. It is a step toward moving the airline industry to purely electronic transactions in the business-to-consumer context.

Trip.com is a subsidiary international online travel agency headquartered in Singapore. It is owned by Trip.com Group, one of the world's largest online travel agencies with over 400 million users worldwide, and also the parent of Skyscanner.

References

  1. 1 2 3 4 5 6 7 8 "TravelSky Technology Limited - Company Profile".
  2. "TravelSky Technology Limited 2021 ANNUAL RESULTS" (PDF). TravelSky. 2022-04-08.
  3. "民航大数据应用交流——中国航信实践之路" (PDF). CAAC. 2017-11-15.
  4. "About TravelSky" . Retrieved 2010-09-16.