Chuan Ctrip Strategic Investment flagship business-to-business tourism wholesale travel to China far

Absrtact: Carry Ctrip Strategic investment flagship business-to-business tourism wholesale Hua Yuan Brigade, to squeeze overseas travel wholesale resources? People familiar with the situation said, Ctrip hand CITIC Fund to China Far International travel company strategic Investment, although there are many rumors that the amount of 2 billion yuan, but

Chuan Ctrip Strategic Investment flagship business-to-business tourism wholesale Hua Yuan Brigade, to squeeze overseas wholesale resources?

People familiar with the matter said, Ctrip hand CITIC Fund to China Far International travel company strategic Investment, although there are many rumors that the amount reached 2 billion yuan, but the specific figures are not known. After the completion of the transaction, Ctrip will become the largest shareholder in China far International.

Huayuan International Tourism Company was established in 1993, mainly engaged in the wholesale and outbound tourism business, according to the official introduction, "Huayuan is currently the national 120 travel agencies regional wholesalers and 3,000 retail agents to provide global tourism data services, its Cheung long Wanli line and outbound travel experts two wholesale brands."

Hua Yuan is mainly to do business-to-business, not involved in retail, the main is the European wholesale, distributed to the downstream; and Ctrip's main business is for retailers, in the face of group tours or individual consumers. Ctrip shares in China, it will be possible to get through the overseas tour, especially in Europe, retail and wholesale two links, complete the entire industrial chain closed loop.

So far Ctrip has been in the industry chain has been the layout of travel guide Tools "Cicada travels," Travel in the car "easy to use the car", as well as "a Hey car rental."

and Ctrip announced at the beginning of last month, access to PRICELINE5 billion dollar strategic investment, "in the original share of their hotel accommodation on the basis of the stock, expand the share of the size of shares and partner preferential terms." Both sides will promote their products and services to each other. ”

In the second quarter, Ctrip reported a net revenue of 1.7 billion yuan (about 278 million U.S. dollars) in the second quarter, compared with a 38% increase over the same period last year, exceeding the company's 30%-35% growth forecast.

Liang Jianzhang reported that in the two quarter Ctrip still maintained accelerated growth, especially the booking volume of accommodation reservations and transport tickets to achieve 64% and 83% of the rapid growth. The two-quarter Ctrip booking volume of 80% are online or through the mobile channel completed, Ctrip has built the industry's leading mobile booking platform.