The China-based travel service provider, Ctrip.com International has announced that it has 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.
Ctrip chairman and chief executive officer James Liang noted: “Travelfusion has built a great GDS system for LCCs globally. 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.”
Travelfusion chief executive officer Moshe Rafiah added: “China is expected to be the largest travel market in the world, and Ctrip is the clear leader in the online and mobile travel industry in China. After 15 years of building Travelfusion to be an industry leader, we are thrilled to take further steps to realize and fulfil our potential in such a great market with such a powerful industry leader.”