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Ctrip Announces Completion of Acquiring Shares of Home Inns

2009-05-21 17:41 1247


SHANGHAI, May 21 /PRNewswire-Asia/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP) (the “Company”), a leading travel service provider for hotel accommodations, airline tickets and packaged tours in China, announced today that it has completed the acquisition of 7,514,503 ordinary shares of Home Inns & Hotels Management Inc. (“Home Inns”) for $50 million. This transaction was completed on the terms originally announced on May 7, 2009.

About Ctrip.com International, Ltd.

Ctrip.com International, Ltd. is a leading travel service provider of hotel accommodations, airline tickets and packaged tours in China. Ctrip aggregates information on hotels and flights and enables customers to make informed and cost-effective hotel and flight bookings. Ctrip also sells packaged tours that include transportation and accommodations, as well as guided tours in some instances. Ctrip targets primarily business and leisure travelers in China who do not travel in groups. These travelers form a traditionally under-served yet fast-growing segment of the travel industry in China. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.

For further information:

Jade Wei

Ctrip.com International, Ltd.

Tel: +86-21-3406-4880 x11543

Email: yuwei@ctrip.com

Source: Ctrip.com International, Ltd.
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Keywords: Travel
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