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.
