Welcome to Breaking Hotel News from Meadin.com. Let’s look at what happened recently. Ctrip and Qunar Agree Share Swap and Cooperation; Starwood Rumors Continue, Sells Timeshare Business.
Alitrip is Alibaba’s standalone travel business, launched just over a year ago, with statements at the time that it wanted Alitrip to win in crowded online travel industry dominated by rival Ctrip.
Announcement from Ctrip says that, as a result of the share swap, Qunar’s parent company Baidu will control 25% of Ctrip’s aggregate voting interest while Ctrip will own shares in Qunar worth 45%.
Two online travel agencies, Qunar.com of Baidu and Ctrip.com International, Ltd., are discussing a possible merger, Bloomberg News reported on Tuesday, quoting informed sources.
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