Universal Travel Group, which through its wholly owned subsidiary Yu Zhi Lu Aviation Service Company operates as a China-based aviation services company, says that during the third quarter ended September 30, 2006, the company added 10 new franchise airplane ticket sales offices to their sales network.
YZL anticipates an additional 20 company-owned airplane ticket sales offices will open by year's end. These newly constructed offices and franchise opportunities are expected to increase the company's tickets sales volume to 100,000 airplane tickets in 2006. The new sales offices will increase the company's total sales network to more than 100 company-owned operating offices and franchise companies.
Jiangping Jiang, President and CEO of Universal Travel Group, said, "The addition of the new sales offices in Northern, Southern, and Southwest China adds a brick-and-mortar sales channel to areas that could only previously be serviced by a call center or online channels. By establishing a physical location in these regions, we can more effectively obtain nationwide coverage through increased accessibility to our services. Based on the success of our franchise business model, our expanded sales network has the potential to increase ticket revenues by approximately US$400,000 to US$600,000 beginning in 2007."
Simultaneously, the company intends to expand its sales network coverage area to include both China's northern and southern regions, with epicenters located in large and mid-sized metropolitan areas.
Universal's management believes that the new offices and expanded coverage network will allow the company to increase its gross airplane ticket sales by 100,000 units each year beginning in 2007.