Ctrip.com International has signed a definitive agreement with the majority shareholders of Skyscanner under which the Chinese company will take control of the company. The terms of the acquisition value Skyscanner at approximately £1.4 billion. Skyscanner’s current management team will continue to manage Skyscanner’s operations independently as part of the Ctrip group.
Amadeus has announced the signing of an agreement with China’s Ctrip.com International to power its international expansion. The multi-year agreement with Ctrip, China’s leading travel company in terms of market capitalisation, will include the provision of all air content for points of sale outside of mainland China.
Ctrip.com International has entered into an agreement to acquire Celebrity Century, a 1,814-passenger cruise ship, from Royal Caribbean Cruises. Royal Caribbean Cruises will continue to operate Celebrity Century until April 2015. Exquisite is a wholly owned subsidiary of Skyseas, a co-founded company by Ctrip and other investors, which targets to provide Chinese customers the world-class and tailor-made cruise products.
The Priceline Group and Ctrip.com International have expanded an existing commercial agreement to strengthen their global partnership.
Jumeirah Group has announced Jumeirah Hotels & Resorts and Ctrip.com International, China’s leading travel service enterprise, have signed a Global Direct Connectivity Partnership Agreement in Shanghai. This is the first time a luxury hotel group from the Middle East has signed an agreement of this nature with Ctrip.
Ctrip.com International, Ltd. (Nasdaq: CTRP) (“Ctrip”), a leading travel service provider for hotel accommodations, airline tickets and packaged tours in China, announced today that it has entered into definitive agreements to acquire minority stakes in two hotel operating companies.
Ctrip.com International, Ltd., a leading travel service provider for hotel accommodations, airline tickets and packaged tours in China, today announced that it will change the ratio of its American depositary shares (“ADSs”) to ordinary shares from two ADSs representing one ordinary share to four ADSs representing one ordinary share, effective on January 20, 2010.