According to the prospectus, Hong Kong and Macao Culture & Tourism has become a tourism service provider focused on the Greater Bay Area. The company operates a cross-border passenger transport platform in the Greater Bay Area, covering both maritime and land-based networks.
Zhitong Finance APP learned that, according to an announcement by the Hong Kong Stock Exchange on October 26, China Travel Hong Kong & Macao Culture & Tourism Holdings Co., Ltd. (referred to as "Hong Kong & Macao Culture & Tourism") has passed the listing hearing on the Main Board of the Hong Kong Stock Exchange and plans to list on the Main Board of the Stock Exchange of Hong Kong via an introductory listing. China Galaxy International serves as its sole sponsor. According to the prospectus, Hong Kong & Macao Culture & Tourism has become a tourism service provider focused on the Greater Bay Area. The company operates a cross-border passenger transport platform in the Greater Bay Area, covering both sea and land networks. It offers cross-border transportation services under two major brands: "Jetfoil" and "China Travel Bus."
The prospectus states that Hong Kong–Macao Culture, Tourism & Shipping Co., Ltd. operates ferry routes between Hong Kong and Macao, with 22 government‑licensed vessels as of April 30, 2026. China Travel Bus primarily provides cross‑border road passenger transport services. As of the same date, the company's fleet comprises 221 tour buses and 44 business‑class vehicles, serving routes that connect Hong Kong, Macao, and nine other cities in the Guangdong–Hong Kong–Macao Greater Bay Area. In addition, the company manages a portfolio of three distinctive hotel brands—Grand Hyatt, Ruijing, and Baijingxuan. As of the latest practicable date, it operated six hotels under the Grand Hyatt brand, one hotel under the Ruijing brand, and one serviced apartment under the Baijingxuan brand. These properties are strategically located in prime commercial districts and popular tourist destinations across Hong Kong, Macao, and Beijing, and are managed as business‑oriented, chain‑style operations targeting the mid‑to‑high‑end market segment. Furthermore, Hong Kong–Macao Culture, Tourism & Shipping has been appointed by China Travel Service (Group) to provide commissioned travel document processing services in Hong Kong, aiming to offer greater convenience to the public.
Hong Kong and Macao Tourism & Culture provides a wide range of tourism-related services and operates through three business segments: (i) passenger transport, (ii) hotel operations, and (iii) travel documents and related services.
Specifically, in the passenger transport segment, Hong Kong–Macao Culture & Tourism provides cross-border ferry services under the "Jetfoil" brand. Through regularly scheduled high-speed ferry services operating on fixed routes and timetables, it connects major ports in Hong Kong, Macao, and Shenzhen. The company's ferry services are supported by a comprehensive suite of offerings, including ticketing, reservations, and ancillary customer services delivered via multiple sales channels. In addition, Hong Kong–Macao Culture & Tourism operates cross-border bus services linking Hong Kong and Macao with mainland Chinese cities in the Greater Bay Area, complemented by local passenger transport services in Hong Kong, Zhuhai, and Shenzhen.
In the hotel business, Hong Kong & Macau Culture & Tourism operates eight accommodation properties across Hong Kong, Macau, and Beijing, comprising seven hotels and one serviced apartment. Through its three brands—Grand Hyatt, Grand Park, and Park Hyatt—the company offers a diverse range of lodging options, from luxury to budget-friendly, primarily targeting the mid-to-high-end market. All of its properties are located in prime central urban areas, catering to business travelers and tourists seeking convenient access to major commercial, leisure, and transportation hubs.
Tourism documents and related services: The tourism document processing services provided by Hong Kong & Macao Culture & Tourism primarily involve assisting individual applicants in obtaining cross-border travel documents, including receiving applications for travel permits and the relevant data, conducting a preliminary review to ensure that all required information has been duly submitted, and forwarding such materials for further processing. In accordance with an arrangement with China Travel Service (Group), Hong Kong & Macao Culture & Tourism has been appointed as the exclusive agent of China Travel Service (Group) for providing these tourism document processing services in Hong Kong, effective until June 30, 2047.
As of the date of this document, Hong Kong and Macao Culture & Tourism is a direct wholly‑owned subsidiary of China Travel Service (Hong Kong). Since the distribution will be effected by allotting to eligible shareholders of China Travel Service (Hong Kong) all of the Company's issued share capital in proportion to their respective holdings in China Travel Service (Hong Kong) as at the record date, immediately following the distribution, the Company will cease to be a subsidiary of China Travel Service (Hong Kong), and the Company's controlling shareholders will include China Tourism Group, CTS Group, CTS Asset Management, and Hong Kong New Travel. Following the spin‑off, there will be a clear delineation between the Group's business and that of China Tourism Group, and the Group will be able to operate and manage its affairs independently of its controlling shareholder.
Financially, for the years ended 2023, 2024, 2025, and the four months ended April 30, 2026, the company reported revenues of approximately HK$2.191 billion, HK$2.242 billion, HK$2.198 billion, and HK$721 million, respectively. During the same periods, the company recorded annual/period profits of approximately HK$479 million, HK$194 million, HK$117 million, and HK$23 million, respectively.
