October 3, 2017
London UK/Spokane, WA
CTrip, the largest Tourism Group of China, and the 3rd largest global online travel service, has added Magnuson Worldwide’s 1,000+ properties to its distribution network. Magnuson Worldwide is the world’s largest independent hotel group, with its hotel locations spread across six countries and three continents.
CTrip, with over 300,000,000 members, provides Magnuson Worldwide a new customer base, servicing the growing outbound Chinese traveler. CTrip’s partnership with Magnuson Worldwide allows the company to expand its hotel supplier network and room inventory into additional global markets.
Representing an expected 3.1 million visitors from China to the States, Magnuson Worldwide provides these travelers with four distinct brand offerings, all competitively priced to meet any visitor’s requirements:
According to TravelDaily’s interview to Ctrip’s CEO, Jane Sun, on Sep. 5, 2017, “Globalization is a very important strategy of Ctrip in future. Ctrip has gain tremendous experiences from Chinese market. Moving forward, Ctrip will focus on international business development.”
“Our partnership with Ctrip gives our hotels access to a vast international customer base, and grants these travelers access to Magnuson Worldwide’s quality properties located across North America, South America, UK, PAC, and Western Europe. We are completely committed to this expansion,” stated Thomas Magnuson, CEO and co-founder of Magnuson Worldwide.
About Magnuson Worldwide:
Since its launch thirteen years ago, Magnuson Worldwide has become America’s fastest growing hotel brand and a top 15 global chain, marketing over 1,000 hotels across six countries and three continents. Magnuson Worlwide’s newly formed distribution partnership with Chinese operator Jin Jiang Hotels and Europe’s Louvre Hotels is the world’s largest hotel alliance, forming a consortium of over 8,000 hotels and 800,000 rooms worldwide, equal to the size of a top 2 global hotel chain.
Ctrip.com International Ltd. (CTRP) was founded in 1999 in Shanghai, China. The company is a leading provider of travel services including accommodation reservation, transportation ticketing, packaged tours and corporate travel management. Ctrip’s market cap has grown by more than 30 times since its listing on the NASDAQ Stock Exchange in 2003. In 2014, the company’s gross transaction value reached USD24.5 billion and total commission revenue reached USD1.3 billion.
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