This paper reviews the overall situation of the tourism enterprises in New OTC Market. The listed tourism enterprises are mainly concentrated in Beijing and Shanghai with the small size. However，the growth rate of listed tourism companies has dropped and the tide of delisting has loomed since the financing is not as good as expected. Generally speaking，the profitability of listed tourism enterprises in the New OTC Market has increased with the better growth，but the solvency and operation ability have declined. This paper further analyzes the development of four sub-industries：hotel catering，scenic spots，travel agencies and online tourism. The tourism enterprises in the New OTC Market are worth looking forward. The normalization of listing and delisting is essentially a process of market-oriented self-purification，which indicates the market has begun to shift from quantitative growth to qualitative upgrading. Although some tourism enterprises would turn to overseas markets due to unexpected financing function，more firms choose to stay and seek develop opportunities in the New OTC Market.