Skyscanner. Important facts about Ctrip and Skyscanner deal that you should
Williams. The company is based out of Scotland. Interestingly, the company was
formed as a result of Gareth Williams’ frustration with finding cheap flights.
prices from different travel sites when searching for flights, hotels, and
rental cars. It currently serves 60 million monthly active users. The website is
available in over 30 languages.
was founded in China in the year 1999. Ctrip is China’s largest online travel company. Ctrip’s
revenue for Q3 2016, stood at RMB 5.6 billion ($810 million). This figure is up
75 percent year-on-year, with a slim $4 million net profit.
to convert Skyscanner as a flight-booking business, a road it has already
modestly undertaken. And then Ctrip will integrate its rail, car rental, and
attractions inventory with Skyscanner Ctrip can integrate Skyscanner’s
front-end search technology with Ctrip’s backend fulfillment tech.
Facts about the deal:
Size $1.74 billion
based in Scotland, is likely Europe’s largest flight-metasearch player
is available in 30 languages and serves 60 million active users across the
was founded in China in the year 1999.
transaction was majorly in cash