Note From the EditorCtrip's Jane Sun, who became CEO of the big online travel agency late last year, is asserting the company's influence as it expands beyond China. Ctrip acquired Scotland-based Skyscanner in 2016, and yesterday news broke that it tacked on Palo Alto, California-headquartered Trip.com to assist the flight-search engine in enhancing activity recommendations for locals and travelers. It wasn't a blockbuster buy, such as purchasing TripAdvisor would have been, but it shows — if anyone needed to be convinced —that Ctrip will increasingly be a player beyond its Asia confines.
When it comes to merger and acquisition strategy, Ctrip has something in common with India's MakeMyTrip, which reported earnings yesterday. Both companies have scooped up competitors in recent years in an attempt to consolidate themselves out of debilitating price wars. Ctrip ironically is a minority investor in MakeMyTrip, and the tandem are likely learning a lot from one another. — Dennis Schaal, Executive Editor |
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