LONDON, UK / ACCESSWIRE / February 05, 2018 / Active-Investors.com has just released a free research report on Ctrip.com International, Ltd (NASDAQ: CTRP). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=CTRP as the Company's latest news hit the wire. On February 02, 2018, the Company's subsidiary, Tours4fun, acquired India's Top B2B Company Travstarz Global Group ("Travstarz"). This acquisition marks Tours4fun's entry in the global B2B travel market. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Ctrip.com International most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=CTRP
Pankaj Nagpal and Sucheta Nagpal, the founders of Travstarz made this announcement. Both of them will continue to lead the Company as the Managing Director and Director & Chief Executive Officer (CEO), respectively. The parties, however, did not disclose any further details about the deal.
Travstarz, An Established Player in Indian B2B Travel Industry
Travstarz is a multi-award winning Company offering exclusive and dedicated B2B solutions in the Travel and Tourism industry. Pankaj Nagpal and Sucheta Nagpal founded the Company in 2009. The group grew extensively over the past few years and has now become the leading Indian wholesaler for all major luxury hotel brands across the globe. It has an established name in the Indian B2B travel industry and has strong links with all travel agents; tour operators; meetings, incentives, conferences, and events (MICE) organizers; and corporate companies.
Its destination management company (DMC) operations includes Thailand, Mauritius, Maldives, Seychelles, Singapore, Malaysia, Eastern Europe, Azerbaijan, and United Arab Emirates.
Tours4fun Positions Itself for the Global B2B Travel Market
Tours4fun is a an online travel booking site which offers a wide range of tours, activities, and vacation packages to customers all over the world. It specifically designs flexible tour packages that save travelers time and money by collaborating with local travel experts worldwide. Since 2006, the Company has helped over 1.8 million people travel around the world.
Tours4fun has entered into the B2B market with the launch of RezB2B Global Ltd, which is a full service online platform for travel agencies and DMCs to share their services around the world. It has a worldwide inventory of tours, sight-seeing, and transfers over the last 10 years with more than 10,000 global suppliers on the system. Following the acquisition, Travstarz will merge its platform TravelrezOnline with RezB2B. This will help Tours4fun to expand its B2B interests in India and other adjoining areas.
Kevin Du, CEO of RezB2B Global, highlighted that Tours4fun intended to expand in the Indian B2B travel industry by partnering with a strong Company with an established presence. He believes Travstarz is an ideal partner for Tours4fun, given its strong business background, in-house IT team, and clear vision for the future. Looking ahead, the Company plans to acquire more Companies in the global B2B market beyond India.
Travstarz to Leverage Tour4fun's Global Capabilities
As a result of the alliance with Tours4fun, Travstarz will get a greater scope to expand as it will get access to latest technology and a wide range of products and global markets. Travelrezonline.com will be merged with Rezb2b.com and all further developments will be jointly done by Indian and global IT Teams to offer an advanced online B2B system with worldwide inventory of flights, hotels, packages, transfers and sight-seeing, visas, travel insurance, and Forex.
Through the merged platform, the Companies will provide complete IT Solutions for travel agents, DMCs, and hoteliers to seamlessly manage their own content online apart from offering them a huge platform to sell their products to a worldwide audience. Thus, this technology driven product has the potential to transform the way travel businesses are run across the globe.
Stock Performance Snapshot
February 02, 2018 - At Friday's closing bell, Ctrip.com International's stock marginally dropped 0.80%, ending the trading session at $46.87.
Volume traded for the day: 5.67 million shares, which was above the 3-month average volume of 4.88 million shares.
Stock performance in the last month - up 0.58%; past twelve-month period - up 9.53%; and year-to-date - up 6.28%
After last Friday's close, Ctrip.com International's market cap was at $24.74 billion.
Price to Earnings (P/E) ratio was at 73.93.
The stock is part of the Services sector, categorized under the Lodging industry.
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