LN Holdings(000524)2024-12-13 10:02Group 1: Business Overview - The company operates in various sectors including business travel, accommodation, exhibitions, scenic areas, and automotive services, forming a complete tourism industry chain [1] - The core enterprise for business travel is Guangzhou Travel International Co., Ltd., a leading domestic travel agency [1] - The accommodation sector is primarily managed by Guangzhou Lingnan International Hotel Management Co., Ltd., ranked 14th in the 2023 China Hotel Group Top 60 list, improving by 17 places from the previous year [2] Group 2: Business Development in 2024 - Business travel services have seen rapid growth in 2024, with outbound travel strengthening product supply chains and partnerships with over 20 countries [3] - The company has expanded its domestic travel services, focusing on niche destinations and enhancing inbound tourism services due to various visa facilitation policies [3] - The hotel management business has expanded significantly, covering 31 provinces and regions, enhancing competitiveness in the northern market [5] Group 3: Strategic Acquisitions and Management - The company acquired 70% of Urban Hotel Management Group's shares, which has been renamed Shandong Lingnan Urban Hotel Management Group [4] - The management of Urban Hotel will be fully entrusted to Lingnan Hotel Management for three years to avoid competition [4] - The integration of Urban Hotel into the company's operations is expected to create synergies and enhance overall management efficiency [5] Group 4: Marketing and Brand Influence - The company has successfully hosted over 100 major business events, enhancing its brand influence in the international exhibition market [6] - The collaboration with Bogus China for the 2024 Bogus China Competition generated over 10 million media exposures, showcasing the company's marketing capabilities [6] Group 5: Expansion of Services - The company has extended its scenic area operations, managing key attractions in Guangdong and expanding to other provinces [3] - The automotive service sector, operated by Guangzhou Dongfang Automobile Co., focuses on taxi and business rental services, establishing a strong regional brand [3]