Price comparison news
Thread Starter
Joined: Jan 2008
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From: There and here
Price comparison news
Scotland's Skyscanner sold to Chinese travel giant Ctrip for £1.4bn
I wasn't sure where to put this, so here it is. I've used them before, as well as others and in most cases it seemed to be a pleasant experience, especially for multiple flights. How on earth is a £120million turnover a year business worth £1.4Billion to a suitor ??? I've often wondered how any of the various price comparison websites in all sectors make enough money to survive, as they're seemingly all much of a muchness…Yet here's the mother of all buyouts suggesting that that's not the case.
I wasn't sure where to put this, so here it is. I've used them before, as well as others and in most cases it seemed to be a pleasant experience, especially for multiple flights. How on earth is a £120million turnover a year business worth £1.4Billion to a suitor ??? I've often wondered how any of the various price comparison websites in all sectors make enough money to survive, as they're seemingly all much of a muchness…Yet here's the mother of all buyouts suggesting that that's not the case.
Paxing All Over The World
Joined: May 2001
Posts: 10,842
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From: Hertfordshire, UK.
I'm guessing that the company have got other irons in that fire. Chinese tourism is expanding VERY rapidly and I have already seen Chinese companies putting, hotels, tour companies and airline groups together to provide an end-to-end service. With their language complications, this works better for them.
Joined: Apr 2010
Posts: 7,056
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From: London
At least they have some tuenover - not sure about profits tho
Stock market (= casino) is looking to turn a buck - Amazon had profits of $857 mm on turnover of $ 30.1Bn = 2.8%. The idea is that IN FUTURE they will be in a pseudo monopoly position and will be able to screw their customers as per Microsoft or Apple..........
Stock market (= casino) is looking to turn a buck - Amazon had profits of $857 mm on turnover of $ 30.1Bn = 2.8%. The idea is that IN FUTURE they will be in a pseudo monopoly position and will be able to screw their customers as per Microsoft or Apple..........
