eNett

Published on Friday, May 19, 2017

Ctrip eyeing up another European OTA


Chinese online travel giant Ctrip is reportedly eyeing a bid for European OTA Etraveli AB.

A bid for Sweden-based Etraveli could cost more than $500 million and Ctrip is not the only firm showing interest.

Thomas Ebeling, CEO of Etraveli parent company ProSiebenSat.1, said its online tourism business was being reevaluated and it had received interest for strategic investment opportunities.

The evaluation of the business is still ongoing, Ebeling said.

Investment giant Blackstone Group is also reportedly considering a bid for the company, says the China Tech News site.

Ctrip can certainly afford it - its market value has swollen to about $28.8 billion.

It recently bought Skyscanner and made a sizeable investment in leading Indian OTA MakeMyTrip.





Your Comments

, be the first to post a comment.
Your email:






Email other comments made to this story
Code Request a new picture 5 characters



NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Has The General Election slowed down sales for you ?
YES 87.93 %
NO 12.07 %

Thank you for your vote




Move scroll bar (above) left to right for more videos!

UPCOMING EVENTS
Sponsored features

Delivering a seamless customer experience



Great Customer Experience can have a huge impact on a company's bottom line, and it starts with understanding your customer's expectations at each stage of the buying process.

\m