CTRIP.COM EXPANDING INTO UPSTREAM, DOWNSTREAM

AsiaInfo Services
04-25-2011
Ctrip.com Expanding into Upstream, Downstream

SHANGHAI, Apr 25, 2011 (SinoCast Daily Business Beat via COMTEX) -- Ctrip.com International, Ltd. (Nasdaq: CTRP), one of the leading online traveling service providers in China, is trying to set up an extensive industrial chain in the traveling service market.

Ctrip.com is inputing more resources into the upstream and downstream of the industry chain, said Fan Min, chief executive officer and president for the Shanghai-based company, yesterday, noting that Ctrip.com has become the biggest shareholder of Home Inns & Hotels Management Inc. (Nasdaq: HMIN).

Ctrip.com, rooted as a traveling service agent, expects to grow into a one-stop service provider with a coverage in traveling service and integrated information, according to the CEO. The company plans to beef up its deployment in the leisure tourism market in the next five years for more profit while expanding its business in the upstream and downstream of the market.

Ctrip.com sees service for business travelers take up 70%-80% of its total business at the moment, and for leisure travelers, 20%-25%.

Source: www.163.com (April 25, 2011)

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