CTRIP subsidiary enters global B2B business with Rezb2b.com
Acquires stake in Travstarz Global Group
Tours4fun, a booking portal for global tours and activities and a subsidiary of CTRIP, China’s largest Online Travel Agent (OTA) has ventured into global travel B2B business with the launch of RezB2B Global Limited and its online platform Rezb2b.com. At the same time, Tours4fun has acquired stake in Travstarz Global Group, a B2B company in India. Pankaj Nagpal and Sucheta Nagpal, the Founders of Travstarz, will continue to lead Travstarz as the Managing Director and Director and CEO respectively.
The details of the deal were not disclosed by both parties. Post the investment Travstarz Global Group will merge its platform Travelrezonline.com with Rezb2b.com and will dedicatedly run the group’s B2B business in the Indian Sub-continent and other adjoining regions.
Travstarz Global Group is today the wholesalers for all major luxury hotel brands across the globe and has its DMC operations in Thailand, Mauritius, Maldives, Seychelles, Singapore, Malaysia, Eastern Europe, Azerbaijan and the UAE.
With this alliance, Travelstar Global Group will expand much faster and will get access to the latest technology, the wide range of products and global markets. The online platform of travelrezonline.com will be merging with Rezb2b.com and all further developments will be jointly done collectively by the India and global IT teams to offer an advanced and robust online B2B system with best worldwide inventory.
“It will provide complete IT solutions for travel agents, DMCs and hoteliers to seamlessly manage their own content online and provide them a platform to sell their own products to a worldwide audience through us. We will be rapidly expanding our DMC operations under the Travstarz Global DMC Network Program also,” said the Founders.
Kevin Du, CEO, RezB2B Global added, “In RezB2B we have created a perfect platform with a worldwide inventory of tours, sightseeing and transfers over the last 10 years and have over 10,000 global suppliers on the system. With this acquisition, we will merge content from Travstarz and RezB2Bto offer all services on a single platform and will create a perfect B2B product with capabilities built in to automate the agency processes besides being one of the best booking engines for the trade. We plan to acquire more companies across the globe to penetrate the global B2B market after India.”
October 11, 2018
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