About Ctrip.com International, Ltd.Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. Since 1999, it has grown into the largest online consolidator of accommodations and transportation services in China in terms of transaction volume. Media Contact: Rebecca Lee email@example.com 925-319-7365 View original content: http://www.prnewswire.com/news-releases/ctrips-tours4fun-acquires-stake-in-india-b2b-venture-travstarz-global-300592490.html SOURCE Tours4fun
LOS ANGELES, Feb. 2, 2018 /PRNewswire/ -- Tours4fun, a Ctrip (NASDAQ: CTRP) company, has ventured into the global B2B travel market with the acquisition of Travstarz Global Group, India's top B2B company, as announced by Pankaj Nagpal and Sucheta Nagpal, the founders of Travstarz. Travstarz Global Group will merge its platform TravelrezOnline with Tours4fun's B2B Platform, RezB2B, to expand Tours4fun's B2B interests into India and other adjoining regions. "With this alliance, we will be able to expand much faster and will have access to the latest technology, with the best worldwide inventory of Flights, Hotels, Packages, Transfers, Sightseeing, Visas, Travel Insurance and Forex. It is also a complete IT Solution for Travel Agents, DMCs and Hoteliers to seamlessly manage their content online and provide them a platform to sell their products to a worldwide audience," said Sucheta Nagpal, CEO of Travstarz Global Group. Tours4fun stepped into the B2B market with the launch of RezB2B Global Limited, a full service online platform for travel agencies and DMCs to share their services around the world. Kevin Du, RezB2B Global CEO, stated, "We have chosen to expand our B2B business from India by looking for a strong partner with an existing presence in the B2B space, and Travstarz perfectly fits our plans with their strong business background, in-house IT team, and clear vision for the future." Kevin Du added, "We plan to acquire more companies in the global B2B market beyond India." About Travstarz Global Group Travstarz Global Group was established in 2009 by Pankaj Nagpal and Sucheta Nagpal as a B2B company that today is the leading Indian wholesaler for all major luxury hotel brands across the globe. Its DMC Operations include Thailand, Mauritius, Maldives, Seychelles, Singapore, Malaysia, Eastern Europe, Azerbaijan and UAE. About Tours4fun Tours4fun, a Ctrip company, is a full-service tour and travel online store offering a wide range of products and services to customers around the world. Collaborating with local travel experts across the globe, Tours4fun designs flexible tour packages that save travelers time and money.