Search results for “consolidation”
Ctrip buys Skyscanner, reaps $4million net income in Q3
11/24/2016|1:46:43 PM|
Ctrip announces the deal to acquire UK-based travel search site Skyscanner. The company reaped USD 4 million net income in Q3 2016, after previous quarter's net loss with Qunar's consolidated results.
Ctrip merges with Qunar in vacation unit, denies Tuniu takeover
11/23/2016|10:41:01 AM|
Ctrip’s senior management announced in an internal letter that the company has merged with Qunar in their holiday units. Rumor of Ctrip buying Tuniu has been denied, meanwhile.
DidaTravel inks strategic deal with China Comfort Travel
12/14/2016|11:12:32 AM|
ShenZhen DidaTravel Technology signed a strategic agreement with China Comfort Travel on their Supply Chain Ecosummit.
China's top 20 travel groups collectively rake in record income
12/09/2016|3:05:30 PM|
The collective income of China’s top 20 tourism groups this year is 40% higher than last year. The rapid growth is said to be a result of capital-driven mergers and online-offline consolidations.
Fosun spins off travel unit for IPO in 2020
12/01/2016|9:02:17 AM|
China’s private conglomerate Fosun International announced on November 29 that it will complete spin-off of its travel arm by the end of this year for a potential IPO in 2020.
Ctrip takes a big step in pursuit of going global
11/27/2016|9:50:20 AM|
Drifting away from intense competition in the domestic OTA market, Ctrip seems to have come a long way in a span of 18 months. The decision to acquire Skyscanner means Ctrip isn’t just a single market player anymore.
MakeMyTrip gross bookings grow 16.9% in Q2 2017
10/26/2016|3:24:05 PM|
MakeMyTrip's gross bookings reached USD 493.5 million in Q2 2017, representing a YoY increase of 16.9%.
Building a customer-centric distribution channel
10/26/2016|9:29:21 AM|
Chinese airlines have responded to OTAs by focusing on direct sales and axing agency commission fees. At the heart of their argument was that the move was for consumers.
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