Ctrip announces investment in Travelfusion
Ctrip today announced that they have completed an investment transaction in Travelfusion by purchasing a majority stake in the company.
SHANGHAI, Jan. 5, 2015 -- Ctrip.com International, Ltd., a leading travel service provider for hotel accommodation, ticketing services, packaged tours and corporate travel management in China, today announced that they have completed an investment transaction in Travelfusion by purchasing a majority stake in the company.
Travelfusion is a UK-based leading online Low Cost Carrier (LCC) travel content aggregator and innovator of Direct Connect global distribution solutions. Aggregating 200+ LCCs, Full Service Carriers (FSCs), rail operators and 30+ leading hotel consolidators, Travelfusion's Direct Connect distribution platform enables the world's travel agents, travel search and mobile travel services to search and book this content through Travelfusion's API, desktop or internet booking engine technologies and facilitates global payment and settlement solutions.
"Travelfusion has built a great GDS system for LCCs globally," said James Liang, Chairman and Chief Executive Officer of Ctrip, "The strategic relationship we built with Travelfusion will further extend our leadership in China's international travel market, and enhance the efficiency and effectiveness of our IT system by leveraging Travelfusion's advanced technology. We are excited to work with Travelfusion's team to create greater value for our customers."
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