China’s Ctrip acquires US travel planning app Trip.com

Travellers on the the Great Wall of China.

Ctrip.com International Ltd, China’s biggest trip-booking website, has acquired Silicon Valley-based travel planning and local discovery app and site Trip.com for an undisclosed sum, the company said in a release.

The acquisition will allow Ctrip’s global travel search site Skyscanner to leverage select Trip.com capabilities under its own platform.

Founded in 2010, Trip.com which was earlier known as Gogobot.com, uses a combination of 19 “Tribes”, as well as predictive intelligence that takes into account your location, the weather, and more. It also offers personalized recommendations for where to stay, eat and play in more than 60,000 destinations.

“Skyscanner shares our focus on mobile and our passion for empowering people to have amazing travel experiences. We’re excited to work with Skyscanner to offer a single resource to travelers around the world that meets all their travel needs,” said Trip.com co-founder and CEO Travis Katz.

The company has raised a total of $39 million till date from investors like Expedia, Battery Ventures, Redpoint Ventures, Google chairman Eric Schmidt’s Innovation Endeavors, TechCrunch founder Michael Arrington, MySpace founder Chris DeWolfe, Square CEO Keith Rabois and angel investor Oren Zeev.

It claims that over 60 million people have used Trip.com to plan their travels.

“Our aim has always been to make travel search as simple as possible, providing travelers everything they need in one single place,” said Skyscanner chief technology officer Bryan Dove.

“Adding Trip.com’s content to Skyscanner’s offering represents the next step towards that goal. Trip.com is inherently social and mobile, and we’re hugely excited to learn from, and work alongside, their great team,” he added.

Skyscanner was started in 2003 and provides instant online comparisons for flights, hotels and car rental. With more than 60 million monthly active users, the company employs over 900 people in the UK, Miami, Singapore, China, Spain, Hungary and Bulgaria. Skyscanner is available in over 30 languages globally.

Ctrip acquired Skyscanner last year in a deal valuing the Scotland-based company at about 1.4 billion pounds.

In May, Ctrip along with Naspers Ltd invested $330 million in online travel company MakeMyTrip Ltd. In the round, few unnamed investors also participated.

Also Read:

India: MakeMyTrip to raise $330m from Ctrip, Naspers, others
Ctrip, Blackstone said to mull bids for ProSieben travel arm

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.