Magnuson Worldwide teams with Ctrip, China’s largest tourism group to access 300 million member base
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.
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:
- Magnuson Grand – Upscale hotels and resorts
- Magnuson Hotel – Mid-priced to upper scale hotels and resorts
- M Star Hotel – Economy and upper economy hotels
- Magnuson Independent Hotels
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.
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.