Ctrip’s “international ambition”.
According to US media Skift, Ctrip acquired online travel company Travix from travel giant BCD Travel last December. On May 14, local time, Travix issued an announcement on the official website that on April 21, Ctrip and BCD Group formally reached a purchase agreement to acquire Travix. Travix will belong to the Ctrip Group since April 22.
For this, Ctrip responded to the situation that the situation is true and that the acquisition is a pre-epidemic matter, but the approval time is relatively long.
It is understood that Travix is headquartered in the Netherlands and has offices in the Netherlands, Australia, Curacao, Germany, India, Singapore, the United Kingdom and the United States. Doing business in 39 countries. Its business is mainly air tickets.
After the transaction is completed, Ctrip will receive Vayama, Vliegwinkel, CheapTickets.nl and other travel brands in Amsterdam.
It is worth noting that this is not the first time Ctrip has acquired a travel company . Previously, Ctrip had acquired the British travel search giant Skyscanner and the US social travel website Trip.com to expand its overseas business.
At the second quarter of 2019 financial report, Ctrip CEO Sun Jie said that in the long run, expanding international business will help Ctrip continue to grow and reduce the season Sexual factors influence and reduce geopolitical uncertainty. The proportion of international business revenue will increase to 40% -50% within three to five years.
Overseas business expansion is progressing smoothly, but this outbreak may have a greater impact on Ctrip, which has a relatively high overseas business.
Ctrip has not yet released the first quarter of 2020 financial report. Tongcheng Yilong released the first quarter of 2020 financial report. Tongcheng Yilong’s first quarter revenue was 1.0051 billion yuan, a year-on-year decrease of 43.6%; adjusted overflow during the period Profit was 78.1 million yuan, a year-on-year decrease of 82.6%. Ctrip had also expected that the company ’s net revenue in the first quarter of 2020 would fall by approximately 45% to 50% from the same period last year.